RADCOM (NASDAQ:RDCM) Downgraded by ValuEngine to Hold

RADCOM (NASDAQ:RDCM) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, ValuEngine reports.

Separately, Zacks Investment Research upgraded RADCOM from a “hold” rating to a “strong-buy” rating and set a $11.00 price target on the stock in a report on Saturday, August 17th.

RADCOM stock opened at $10.10 on Thursday. The business’s 50-day simple moving average is $9.30 and its 200 day simple moving average is $8.44. RADCOM has a 12-month low of $6.96 and a 12-month high of $10.27. The company has a current ratio of 7.80, a quick ratio of 7.74 and a debt-to-equity ratio of 0.07.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Monday, August 12th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.29. The business had revenue of $8.55 million for the quarter, compared to analysts’ expectations of $3.70 million. RADCOM had a negative return on equity of 9.72% and a negative net margin of 27.95%. Equities research analysts forecast that RADCOM will post -0.47 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of RDCM. Taylor Frigon Capital Management LLC boosted its holdings in RADCOM by 7.6% in the second quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock valued at $2,395,000 after acquiring an additional 20,454 shares during the last quarter. ARK Investment Management LLC boosted its holdings in RADCOM by 3.5% in the second quarter. ARK Investment Management LLC now owns 59,552 shares of the technology company’s stock valued at $490,000 after acquiring an additional 2,020 shares during the last quarter. Finally, ETF Managers Group LLC boosted its holdings in RADCOM by 27.5% in the second quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after acquiring an additional 6,910 shares during the last quarter. Institutional investors and hedge funds own 22.88% of the company’s stock.

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

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