RADCOM (RDCM) Reaches New 1-Year Low at $7.91

RADCOM Ltd. (NASDAQ:RDCM) hit a new 52-week low on Thursday . The company traded as low as $7.91 and last traded at $8.09, with a volume of 725 shares changing hands. The stock had previously closed at $8.23.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $22.00 price target for the company in a report on Saturday, August 11th. William Blair reissued an “outperform” rating on shares of RADCOM in a report on Friday, September 14th. ValuEngine raised shares of RADCOM from a “hold” rating to a “buy” rating in a report on Friday, August 10th. TheStreet downgraded shares of RADCOM from a “b-” rating to a “c” rating in a report on Monday, September 17th. Finally, Needham & Company LLC cut their price target on shares of RADCOM from $27.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, September 19th. Three analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $17.00.

The firm has a market cap of $111.92 million, a price-to-earnings ratio of 35.35 and a beta of 0.32.

RADCOM (NASDAQ:RDCM) last issued its quarterly earnings results on Wednesday, November 7th. The technology company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.16. RADCOM had a net margin of 9.76% and a return on equity of 4.99%. The company had revenue of $8.52 million during the quarter, compared to the consensus estimate of $10.70 million. Research analysts anticipate that RADCOM Ltd. will post -0.21 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. acquired a new stake in RADCOM during the 3rd quarter worth about $4,372,000. Senvest Management LLC raised its holdings in RADCOM by 33.9% during the 3rd quarter. Senvest Management LLC now owns 230,290 shares of the technology company’s stock worth $2,591,000 after buying an additional 58,251 shares during the period. Taylor Frigon Capital Management LLC raised its holdings in RADCOM by 114.0% during the 3rd quarter. Taylor Frigon Capital Management LLC now owns 224,353 shares of the technology company’s stock worth $2,523,000 after buying an additional 119,533 shares during the period. Renaissance Technologies LLC raised its holdings in RADCOM by 9.4% during the 3rd quarter. Renaissance Technologies LLC now owns 169,233 shares of the technology company’s stock worth $1,904,000 after buying an additional 14,533 shares during the period. Finally, Malaga Cove Capital LLC raised its holdings in RADCOM by 29.6% during the 3rd quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock worth $552,000 after buying an additional 11,100 shares during the period. Hedge funds and other institutional investors own 25.44% of the company’s stock.

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RADCOM Company Profile (NASDAQ:RDCM)

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.

Read More: Return on Equity (ROE)

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