Zacks Investment Research upgraded shares of Radcom Ltd. (NASDAQ:RDCM) from a hold rating to a strong-buy rating in a research note published on Saturday. The brokerage currently has $23.00 price target on the technology company’s stock.

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) “

A number of other equities research analysts have also recently issued reports on RDCM. BidaskClub raised shares of Radcom from a hold rating to a buy rating in a research note on Wednesday, July 19th. Needham & Company LLC reaffirmed a buy rating and issued a $27.00 price objective on shares of Radcom in a research note on Wednesday, August 9th. ValuEngine cut shares of Radcom from a hold rating to a sell rating in a research note on Monday, August 28th. Finally, William Blair started coverage on shares of Radcom in a research note on Monday, October 9th. They issued a buy rating for the company. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $25.00.

Shares of Radcom (NASDAQ:RDCM) opened at $20.45 on Friday. Radcom has a 12 month low of $16.60 and a 12 month high of $22.45. The stock has a market cap of $265.22, a price-to-earnings ratio of 1,007.50 and a beta of 1.16.

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A number of large investors have recently bought and sold shares of RDCM. ETF Managers Group LLC bought a new stake in Radcom during the 2nd quarter valued at $101,000. Malaga Cove Capital LLC raised its holdings in Radcom by 9.1% during the 2nd quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after buying an additional 1,000 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in Radcom during the 3rd quarter valued at $316,000. Granite Investment Partners LLC bought a new stake in Radcom during the 3rd quarter valued at $548,000. Finally, Goldman Sachs Group Inc. raised its holdings in Radcom by 0.8% during the 2nd quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after buying an additional 272 shares during the last quarter. Institutional investors own 12.91% of the company’s stock.

Radcom Company Profile

RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.

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