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

Wall Street Zen cut shares of Radcom (NASDAQ:RDCM) from a hold rating to a sell rating in a research note published on Saturday morning.

A number of other equities analysts have also weighed in on RDCM. Weiss Ratings upgraded shares of Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Zacks Research downgraded shares of Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Needham & Company LLC decreased their price target on shares of Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Radcom currently has a consensus rating of “Hold” and a consensus target price of $14.00.

Radcom Trading Down 1.3%

NASDAQ:RDCM opened at $10.35 on Friday. The stock has a 50-day moving average price of $12.59 and a 200 day moving average price of $12.84. The stock has a market capitalization of $173.26 million, a P/E ratio of 24.64 and a beta of 0.75. Radcom has a 12-month low of $9.40 and a 12-month high of $16.74.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). Radcom had a return on equity of 6.51% and a net margin of 10.47%.The business had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $15.57 million. On average, research analysts predict that Radcom will post 0.59 earnings per share for the current fiscal year.

Institutional Trading of Radcom

Several hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. grew its holdings in shares of Radcom by 1.5% in the third 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 in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in Radcom during the second quarter valued at $35,000. Raymond James Financial Inc. purchased a new stake in Radcom during the second quarter valued at $34,000. Janney Montgomery Scott LLC lifted its position in Radcom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after purchasing an additional 3,750 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Radcom by 20.8% during the fourth 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. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.