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.
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.
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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