RADCOM Ltd. (NASDAQ:RDCM)’s share price traded down 29% during trading on Monday . The company traded as low as $11.28 and last traded at $12.25. 1,803,429 shares traded hands during trading, an increase of 3,711% from the average session volume of 47,320 shares. The stock had previously closed at $17.25.

A number of equities analysts have recently commented on the company. Zacks Investment Research downgraded RADCOM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 25th. BidaskClub raised RADCOM from a “sell” rating to a “hold” rating in a research report on Saturday, July 21st. ValuEngine raised RADCOM from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Finally, William Blair reissued a “buy” rating on shares of RADCOM in a research report on Monday, June 18th. 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 stock has a consensus rating of “Hold” and an average price target of $21.00.

The firm has a market cap of $233.45 million, a PE ratio of 58.70 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. The firm had revenue of $10.64 million during the quarter, compared to the consensus estimate of $10.80 million. RADCOM had a return on equity of 6.47% and a net margin of 10.81%.

A number of institutional investors and hedge funds have recently made changes to their positions in RDCM. Renaissance Technologies LLC boosted its holdings in RADCOM by 119.7% in the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after purchasing an additional 84,300 shares in the last quarter. Malaga Cove Capital LLC lifted its stake in RADCOM by 32.9% in the second quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock valued at $741,000 after buying an additional 9,280 shares during the last quarter. Finally, Northern Trust Corp acquired a new stake in shares of RADCOM in the second quarter worth about $104,000. 25.29% of the stock is owned by hedge funds and other institutional investors.

RADCOM Company Profile (NASDAQ:RDCM)

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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