RADCOM (NASDAQ:RDCM) Lowered to “Hold” at Zacks Investment Research

Zacks Investment Research lowered shares of RADCOM (NASDAQ:RDCM) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

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) “

RADCOM stock opened at $13.11 on Wednesday. The firm has a 50-day moving average of $11.78 and a 200-day moving average of $11.28. RADCOM has a one year low of $8.93 and a one year high of $14.70.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Thursday, November 11th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.05. The company had revenue of $10.23 million for the quarter, compared to analysts’ expectations of $10.00 million. RADCOM had a negative net margin of 11.11% and a negative return on equity of 6.16%. During the same period in the prior year, the firm earned ($0.03) EPS. On average, sell-side analysts expect that RADCOM will post -0.42 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of RDCM. Lynrock Lake LP raised its stake in shares of RADCOM by 150.5% during the second quarter. Lynrock Lake LP now owns 761,012 shares of the technology company’s stock valued at $8,523,000 after acquiring an additional 457,175 shares during the last quarter. P.A.W. Capital Corp raised its stake in RADCOM by 75.0% during the third quarter. P.A.W. Capital Corp now owns 91,000 shares of the technology company’s stock worth $1,037,000 after buying an additional 39,000 shares during the last quarter. Finally, Morgan Stanley increased its stake in RADCOM by 2,032.5% in the first quarter. Morgan Stanley now owns 4,265 shares of the technology company’s stock valued at $42,000 after purchasing an additional 4,065 shares in the last quarter. Institutional investors and hedge funds own 24.13% of the company’s stock.

About RADCOM

RADCOM Ltd. engages in the provision of cloud-native network visibility, service assurance, and customer and service experience management. Its products include RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The company was founded by Yehuda Zisapel, Zohar Zisapel, and Nava Zisapel on July 5, 1985 and is headquartered in Tel Aviv, Israel.

Recommended Story: How Does the Quiet Period Work?

Get a free copy of the Zacks research report on RADCOM (RDCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RADCOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADCOM and related companies with MarketBeat.com's FREE daily email newsletter.