RADCOM (NASDAQ:RDCM) Stock Rating Lowered by Zacks Investment Research

RADCOM (NASDAQ:RDCMGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “RADCOM LTD. designs, manufactures, markets and supports innovative, high performance internetworking test and analysis equipment for data communications networks. Their products are used in the development and manufacturing of network equipment, the installation of networks, and the ongoing maintenance of operational networks. (Press Release) “

Shares of RDCM opened at $11.20 on Wednesday. The firm has a market cap of $161.59 million, a price-to-earnings ratio of -29.47 and a beta of 1.14. The company has a fifty day moving average of $11.62. RADCOM has a fifty-two week low of $9.15 and a fifty-two week high of $14.70.

RADCOM (NASDAQ:RDCMGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The technology company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.01. The company had revenue of $11.16 million for the quarter, compared to analyst estimates of $10.30 million. RADCOM had a negative net margin of 13.06% and a negative return on equity of 7.46%. During the same quarter last year, the business earned ($0.03) EPS. Analysts predict that RADCOM will post -0.36 EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Lynrock Lake LP lifted its holdings in shares of RADCOM by 10.0% during the 4th quarter. Lynrock Lake LP now owns 1,004,454 shares of the technology company’s stock valued at $13,108,000 after acquiring an additional 91,042 shares in the last quarter. P.A.W. Capital Corp lifted its holdings in RADCOM by 15.4% in the 4th quarter. P.A.W. Capital Corp now owns 105,000 shares of the technology company’s stock worth $1,370,000 after buying an additional 14,000 shares in the last quarter. Boston Partners lifted its holdings in RADCOM by 15.7% in the 4th quarter. Boston Partners now owns 49,480 shares of the technology company’s stock worth $646,000 after buying an additional 6,719 shares in the last quarter. Morgan Stanley lifted its holdings in RADCOM by 2,032.5% in the 1st quarter. Morgan Stanley now owns 4,265 shares of the technology company’s stock worth $42,000 after buying an additional 4,065 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in RADCOM in the 4th quarter worth $43,000. Institutional investors and hedge funds own 35.89% of the company’s stock.

RADCOM Company Profile (Get Rating)

RADCOM Ltd. provides 5G ready cloud-native network intelligence and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.

Recommended Stories

Get a free copy of the Zacks research report on RADCOM (RDCM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for RADCOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADCOM and related companies with MarketBeat.com's FREE daily email newsletter.