Radcom (NASDAQ:RDCM) Raised to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Radcom from “sell” to “hold,” bringing the stock’s consensus rating to “Hold” with an average price target of $14.00. Analyst views remain mixed, ranging from “buy” to “strong sell.”
• Radcom’s shares opened at $9.91, below their 50-day and 200-day moving averages, and remain near the lower end of their 52-week range of $9.40 to $16.74.
• The company reported a quarterly loss of $0.09 per share and revenue of $11.76 million, missing analyst estimates of $0.24 EPS and $15.57 million in revenue. Institutional investors own approximately 48.32% of Radcom’s stock.

Radcom (NASDAQ:RDCM - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Several other analysts have also issued reports on RDCM. Needham & Company LLC dropped their price target on shares of Radcom from $18.00 to $14.00 and set a "buy" rating on the stock in a research report on Wednesday, August 12th. Weiss Ratings downgraded shares of Radcom from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Finally, Zacks Research lowered shares of Radcom from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $14.00.

Radcom Stock Performance

RDCM opened at $9.91 on Friday. The business's 50-day simple moving average is $11.43 and its 200 day simple moving average is $12.57. Radcom has a 52-week low of $9.40 and a 52-week high of $16.74. The firm has a market capitalization of $165.89 million, a PE ratio of 23.60 and a beta of 0.74.

Radcom (NASDAQ:RDCM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.33). Radcom had a net margin of 10.47% and a return on equity of 6.51%. The company had revenue of $11.76 million during the quarter, compared to the consensus estimate of $15.57 million. On average, research analysts forecast that Radcom will post -0.03 earnings per share for the current year.

Institutional Investors Weigh In On Radcom

Several hedge funds have recently added to or reduced their stakes in the business. Lynrock Lake LP increased its holdings in shares of Radcom by 7.7% in the fourth quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company's stock valued at $31,938,000 after purchasing an additional 175,094 shares during the last quarter. Private Advisor Group LLC boosted its holdings in shares of Radcom by 2.1% during the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company's stock worth $4,268,000 after buying an additional 7,372 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of Radcom by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company's stock worth $3,982,000 after buying an additional 5,380 shares during the period. Renaissance Technologies LLC grew its stake in Radcom by 12.7% in the 4th quarter. Renaissance Technologies LLC now owns 208,733 shares of the technology company's stock valued at $2,730,000 after buying an additional 23,511 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in Radcom by 58.1% in the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company's stock valued at $2,558,000 after buying an additional 71,873 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company's stock.

About Radcom

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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