RADCOM (RDCM) Downgraded by ValuEngine

ValuEngine downgraded shares of RADCOM (NASDAQ:RDCM) from a sell rating to a strong sell rating in a research report released on Monday morning.

Several other analysts also recently weighed in on the company. Needham & Company LLC lowered their price objective on RADCOM from $27.00 to $20.00 and set a buy rating for the company in a research report on Wednesday, September 19th. TheStreet downgraded RADCOM from a b- rating to a c rating in a report on Monday, September 17th. William Blair restated an outperform rating on shares of RADCOM in a report on Friday, September 14th. Zacks Investment Research upgraded RADCOM from a hold rating to a buy rating and set a $22.00 target price for the company in a report on Saturday, August 11th. Finally, BidaskClub downgraded RADCOM from a sell rating to a strong sell rating in a report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $21.00.

Shares of RDCM stock opened at $11.55 on Monday. RADCOM has a fifty-two week low of $11.25 and a fifty-two week high of $22.40. The company has a market capitalization of $173.23 million, a price-to-earnings ratio of 50.22 and a beta of -0.18.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. RADCOM had a return on equity of 6.47% and a net margin of 10.81%. The firm had revenue of $10.64 million during the quarter, compared to the consensus estimate of $10.80 million. equities research analysts forecast that RADCOM will post 0.23 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the stock. Northern Trust Corp bought a new position in shares of RADCOM during the second quarter valued at approximately $104,000. Malaga Cove Capital LLC raised its holdings in shares of RADCOM by 32.9% during the second quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock valued at $741,000 after acquiring an additional 9,280 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after acquiring an additional 84,300 shares in the last quarter. Institutional investors own 25.28% 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.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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