Radcom (NASDAQ:RDCM) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Radcom (NASDAQ:RDCM – Free Report) from a buy rating to a hold rating in a research report report published on Saturday morning.

Radcom Stock Performance

Shares of RDCM opened at $10.10 on Friday. Radcom has a 52 week low of $9.40 and a 52 week high of $16.74. The stock has a market capitalization of $169.05 million, a price-to-earnings ratio of 13.47 and a beta of 0.71. The stock has a fifty day moving average of $13.43 and a 200-day moving average of $13.02.

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Radcom (NASDAQ:RDCM – Get Free Report) last released its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $18.59 million for the quarter, compared to the consensus estimate of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. As a group, equities analysts forecast that Radcom will post 0.84 EPS for the current year.

Hedge Funds Weigh In On Radcom

A number of hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. increased its position in Radcom by 1.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 1,542 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Radcom in the 2nd quarter worth approximately $34,000. Janney Montgomery Scott LLC lifted its position in shares of Radcom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock worth $4,213,000 after purchasing an additional 3,750 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Radcom by 20.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,026 shares of the technology company’s stock valued at $314,000 after purchasing an additional 4,140 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after purchasing an additional 4,364 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Radcom Company Profile

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Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.

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