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

Wall Street Zen downgraded shares of Radcom (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a report published on Saturday morning.

Several other analysts also recently commented on RDCM. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Radcom in a research report on Wednesday, February 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Radcom in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Price Performance

Shares of NASDAQ:RDCM opened at $11.17 on Friday. Radcom has a 1 year low of $9.88 and a 1 year high of $15.15. The business’s 50-day moving average is $11.86 and its 200-day moving average is $12.94. The company has a market capitalization of $183.30 million, a price-to-earnings ratio of 15.51 and a beta of 0.58.

Radcom (NASDAQ:RDCM) last released its earnings results on Wednesday, February 11th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $18.86 million during the quarter, compared to analysts’ expectations of $18.46 million. Radcom had a return on equity of 11.53% and a net margin of 16.77%. Analysts anticipate that Radcom will post 0.54 EPS for the current year.

Hedge Funds Weigh In On Radcom

Institutional investors have recently modified their holdings of the company. XTX Topco Ltd acquired a new position in shares of Radcom during the fourth quarter valued at about $196,000. Legato Capital Management LLC raised its holdings in shares of Radcom by 9.6% in the 4th quarter. Legato Capital Management LLC now owns 73,866 shares of the technology company’s stock worth $966,000 after acquiring an additional 6,476 shares during the last quarter. Bank of America Corp DE lifted its position in 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 acquiring an additional 4,364 shares in the last quarter. Boothbay Fund Management LLC bought a new position in Radcom in the 3rd quarter valued at about $211,000. Finally, Lazard Asset Management LLC boosted its stake in Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

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.