Wall Street Zen Downgrades Radcom (NASDAQ:RDCM) to Buy

Radcom (NASDAQ:RDCM) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Radcom in a research report on Monday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Radcom in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Radcom presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Performance

Radcom stock opened at $11.12 on Friday. The stock has a market capitalization of $182.43 million, a price-to-earnings ratio of 15.44 and a beta of 0.58. Radcom has a 52-week low of $9.88 and a 52-week high of $15.15. The stock’s 50 day moving average price is $11.89 and its two-hundred day moving average price is $12.95.

Radcom (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The company had revenue of $18.86 million during the quarter, compared to analyst estimates of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. On average, equities research analysts forecast that Radcom will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Lynrock Lake LP raised its position in Radcom by 7.7% in the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after buying an additional 175,094 shares during the last quarter. Private Advisor Group LLC boosted its holdings in Radcom by 22.7% during the 4th quarter. Private Advisor Group LLC now owns 343,647 shares of the technology company’s stock worth $4,495,000 after acquiring an additional 63,589 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Radcom by 1.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock worth $4,213,000 after acquiring an additional 3,750 shares during the last quarter. Herald Investment Management Ltd grew its stake in shares of Radcom by 9.1% in the 3rd quarter. Herald Investment Management Ltd now owns 300,000 shares of the technology company’s stock worth $4,272,000 after acquiring an additional 25,000 shares in the last quarter. Finally, Essex Investment Management Co. LLC grew its stake in shares of Radcom by 3.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 233,361 shares of the technology company’s stock worth $3,381,000 after acquiring an additional 7,642 shares in the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.