Radcom (NASDAQ:RDCM) Downgraded by Wall Street Zen to “Sell”

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

Several other analysts also recently weighed in on RDCM. Zacks Research downgraded Radcom from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Needham & Company LLC dropped their price target on Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings upgraded Radcom from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Radcom has a consensus rating of “Hold” and an average price target of $14.00.

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Radcom Trading Up 3.2%

NASDAQ:RDCM opened at $10.49 on Friday. Radcom has a 1 year low of $9.40 and a 1 year high of $16.74. The firm’s fifty day simple moving average is $12.63 and its 200 day simple moving average is $12.85. The firm has a market capitalization of $175.58 million, a PE ratio of 24.98 and a beta of 0.74.

Radcom (NASDAQ:RDCM – Get Free Report) last announced its earnings results on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.33). The firm had revenue of $11.76 million during the quarter, compared to the consensus estimate of $15.57 million. Radcom had a return on equity of 6.51% and a net margin of 10.47%. As a group, analysts anticipate that Radcom will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Radcom

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

About Radcom

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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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