Radcom (NASDAQ:RDCM) Downgraded to “Strong Sell” Rating by Zacks Research

Zacks Research lowered shares of Radcom (NASDAQ:RDCM) from a hold rating to a strong sell rating in a research note published on Wednesday morning,Zacks.com reports.

RDCM has been the topic of a number of other research reports. Wall Street Zen downgraded Radcom from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. Finally, 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. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $14.00.

Radcom Trading Down 1.6%

Shares of RDCM opened at $10.16 on Wednesday. The firm’s 50-day moving average price is $12.67 and its 200-day moving average price is $12.87. The firm has a market capitalization of $170.08 million, a price-to-earnings ratio of 24.19 and a beta of 0.74. Radcom has a 1-year low of $9.40 and a 1-year high of $16.74.

Radcom (NASDAQ:RDCM) last announced its quarterly 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). Radcom had a net margin of 10.47% and a return on equity of 6.56%. The company had revenue of $11.76 million for the quarter, compared to analysts’ expectations of $15.57 million. On average, research analysts forecast that Radcom will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Radcom

Hedge funds and other institutional investors have recently bought and sold shares of the business. Marshall Wace LLP increased its stake 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 shares of Radcom in the 2nd quarter worth approximately $165,000. Raymond James Financial Inc. purchased a new stake in shares of Radcom in the 2nd quarter worth approximately $34,000. Lazard Asset Management LLC grew its stake in shares of Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after buying an additional 5,135 shares during the last quarter. Finally, Private Advisor Group LLC bought a new position in Radcom during the 3rd quarter valued at approximately $4,058,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

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.