RADCOM (NASDAQ:RDCM) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Monday.

Other research analysts also recently issued reports about the company. William Blair restated an “outperform” rating on shares of RADCOM in a research note on Friday, September 14th. Needham & Company LLC dropped their target price on RADCOM from $27.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, September 19th. TheStreet downgraded RADCOM from a “b-” rating to a “c” rating in a research note on Monday, September 17th. BidaskClub downgraded RADCOM from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. Finally, Zacks Investment Research upgraded RADCOM from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Tuesday, May 29th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $21.00.

Shares of NASDAQ:RDCM opened at $11.70 on Monday. RADCOM has a 12-month low of $11.25 and a 12-month high of $22.40. The firm has a market capitalization of $173.23 million, a PE ratio of 50.87 and a beta of -0.18.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. RADCOM had a return on equity of 6.47% and a net margin of 10.81%. The business had revenue of $10.64 million for the quarter, compared to the consensus estimate of $10.80 million. sell-side analysts anticipate that RADCOM will post 0.23 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its stake in RADCOM by 119.7% during the 2nd quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock worth $3,055,000 after buying an additional 84,300 shares during the last quarter. Malaga Cove Capital LLC grew its stake in RADCOM by 32.9% during the 2nd quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock worth $741,000 after buying an additional 9,280 shares during the last quarter. Finally, Northern Trust Corp purchased a new position in RADCOM during the 2nd quarter worth $104,000. Hedge funds and other institutional investors own 25.28% of the company’s stock.

RADCOM Company Profile

RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.

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