RADCOM (RDCM) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a sell rating in a research report sent to investors on Wednesday.

According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “

A number of other equities analysts also recently weighed in on the stock. Needham & Company LLC cut their price target on shares of RADCOM from $20.00 to $12.00 and set a buy rating on the stock in a research note on Thursday, October 11th. ValuEngine raised shares of RADCOM from a strong sell rating to a sell rating in a research note on Thursday, October 4th. TheStreet downgraded shares of RADCOM from a b- rating to a c rating in a research note on Monday, September 17th. William Blair reaffirmed an outperform rating on shares of RADCOM in a research note on Friday, September 14th. Finally, BidaskClub downgraded shares of RADCOM from a sell rating to a strong sell rating in a research note on Friday, August 10th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. RADCOM presently has an average rating of Hold and an average price target of $17.00.

NASDAQ RDCM traded down $0.05 during mid-day trading on Wednesday, reaching $9.05. 1,400 shares of the stock were exchanged, compared to its average volume of 59,284. RADCOM has a 1-year low of $9.00 and a 1-year high of $21.80. The firm has a market cap of $152.25 million, a P/E ratio of 39.61 and a beta of -0.09.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. The company had revenue of $10.64 million for the quarter, compared to the consensus estimate of $10.80 million. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. Analysts anticipate that RADCOM will post 0.23 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Northern Trust Corp purchased a new position in RADCOM during the second quarter worth approximately $104,000. Malaga Cove Capital LLC raised its stake in RADCOM by 32.9% during the second quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock worth $741,000 after purchasing an additional 9,280 shares during the period. Renaissance Technologies LLC raised its stake in shares of RADCOM by 119.7% in the 2nd 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 during the period. Finally, Taylor Frigon Capital Management LLC raised its stake in shares of RADCOM by 114.0% in the 3rd quarter. Taylor Frigon Capital Management LLC now owns 224,353 shares of the technology company’s stock valued at $2,523,000 after acquiring an additional 119,533 shares during the period. 25.28% of the stock is currently owned by institutional investors.

RADCOM Company Profile

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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