Radcom (NASDAQ:RDCM) Downgraded to Buy Rating by Wall Street Zen

Radcom (NASDAQ:RDCM) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

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

Radcom Stock Down 1.3%

Shares of NASDAQ RDCM opened at $11.12 on Friday. Radcom has a 52 week low of $9.88 and a 52 week high of $15.15. The firm’s fifty day moving average is $11.89 and its 200 day moving average is $12.96. The company has a market cap of $182.48 million, a price-to-earnings ratio of 15.44 and a beta of 0.58.

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

Institutional Investors Weigh In On Radcom

A number of institutional investors have recently modified their holdings of the stock. Private Advisor Group LLC purchased a new position in Radcom in the third quarter worth about $4,058,000. Lynrock Lake LP lifted its position in Radcom by 7.7% in the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after acquiring an additional 175,094 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new position in Radcom in the 4th quarter valued at approximately $1,334,000. Marshall Wace LLP boosted its stake in Radcom by 58.1% during the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock valued at $2,558,000 after purchasing an additional 71,873 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Radcom by 67.1% in the 4th quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock worth $2,230,000 after purchasing an additional 68,420 shares in 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.