BidaskClub downgraded shares of RADCOM (NASDAQ:RDCM) from a sell rating to a strong sell rating in a research note published on Friday.

A number of other research firms have also commented on RDCM. Zacks Investment Research lowered shares of RADCOM from a strong-buy rating to a hold rating in a research report on Wednesday, July 25th. ValuEngine upgraded shares of RADCOM from a hold rating to a buy rating in a research report on Friday, August 3rd. Finally, William Blair restated a buy rating on shares of RADCOM in a research report on Monday, June 18th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. The company presently has an average rating of Buy and a consensus target price of $22.00.

RADCOM stock traded up $0.05 during mid-day trading on Friday, reaching $19.55. The company’s stock had a trading volume of 22,144 shares, compared to its average volume of 37,122. RADCOM has a 12-month low of $17.00 and a 12-month high of $22.40. The firm has a market capitalization of $263.22 million, a price-to-earnings ratio of 85.00 and a beta of -0.03.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. The business had revenue of $10.64 million during the quarter, compared to analyst estimates of $10.80 million. equities research analysts anticipate that RADCOM will post 0.18 earnings per share for the current fiscal year.

An institutional investor recently bought a new position in RADCOM stock. Bank of New York Mellon Corp acquired a new position in shares of RADCOM Ltd. (NASDAQ:RDCM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,461 shares of the technology company’s stock, valued at approximately $803,000. Bank of New York Mellon Corp owned about 0.31% of RADCOM as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 23.71% of the company’s stock.

About RADCOM

RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.

Further Reading: Price to Earnings Ratio (PE)

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