Radcom Ltd. (NASDAQ:RDCM - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.68 and traded as low as $9.93. Radcom shares last traded at $10.01, with a volume of 147,554 shares trading hands.
Analysts Set New Price Targets
Several brokerages have issued reports on RDCM. Weiss Ratings upgraded Radcom from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday, August 12th. Zacks Research downgraded Radcom from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 12th. Wall Street Zen lowered Radcom from a "hold" rating to a "sell" rating in a research report on Saturday, August 15th. Finally, Needham & Company LLC cut their target price on Radcom from $18.00 to $14.00 and set a "buy" rating on the stock in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $14.00.
Read Our Latest Report on RDCM
Radcom Stock Down 2.0%
The stock has a market capitalization of $167.57 million, a PE ratio of 23.83 and a beta of 0.74. The firm has a 50 day moving average price of $12.03 and a 200 day moving average price of $12.68.
Radcom (NASDAQ:RDCM - Get Free Report) last announced its earnings results on Wednesday, August 12th. The technology company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.33). The company had revenue of $11.76 million for the quarter, compared to analysts' expectations of $15.57 million. Radcom had a net margin of 10.47% and a return on equity of 6.51%. On average, equities analysts forecast that Radcom Ltd. will post -0.03 earnings per share for the current fiscal year.
Institutional Trading of Radcom
Institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP lifted its position in shares of Radcom by 20.5% during the second quarter. Marshall Wace LLP now owns 110,127 shares of the technology company's stock valued at $1,497,000 after purchasing an additional 18,708 shares in the last quarter. Jump Financial LLC bought a new stake in Radcom in the 2nd quarter worth about $165,000. Raymond James Financial Inc. bought a new stake in Radcom in the 2nd quarter worth about $34,000. Lazard Asset Management LLC increased its stake in Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company's stock valued at $110,000 after buying an additional 5,135 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in Radcom in the 3rd quarter valued at about $4,058,000. Hedge funds and other institutional investors own 48.32% of the company's stock.
Radcom Company Profile
(
Get Free Report)
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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