Zacks Investment Research cut shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning.

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 commented on RDCM. ValuEngine raised RADCOM from a strong sell rating to a sell rating in a research report on Thursday, October 4th. BidaskClub raised RADCOM from a sell rating to a hold rating in a research report on Saturday, July 21st. William Blair reaffirmed an outperform rating on shares of RADCOM in a research report on Friday, September 14th. TheStreet lowered RADCOM from a b- rating to a c rating in a research report on Monday, September 17th. Finally, Needham & Company LLC dropped their price target on RADCOM from $27.00 to $20.00 and set a buy rating on the stock in a research report on Wednesday, September 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. RADCOM currently has an average rating of Hold and a consensus target price of $17.00.

NASDAQ:RDCM traded down $0.46 during mid-day trading on Wednesday, hitting $9.31. The company had a trading volume of 57,467 shares, compared to its average volume of 59,555. RADCOM has a fifty-two week low of $9.30 and a fifty-two week high of $21.80. The firm has a market capitalization of $152.25 million, a price-to-earnings ratio of 40.48 and a beta of -0.09.

RADCOM (NASDAQ:RDCM) last released its earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating the 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 firm had revenue of $10.64 million for the quarter, compared to analyst estimates of $10.80 million. As a group, sell-side analysts expect that RADCOM will post 0.23 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in shares of RADCOM during the second quarter worth about $104,000. Renaissance Technologies LLC raised its position in shares of RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock worth $3,055,000 after purchasing an additional 84,300 shares during the period. Finally, Malaga Cove Capital LLC raised its position in shares of RADCOM by 32.9% during the second quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock worth $741,000 after purchasing an additional 9,280 shares during the period. 25.28% of the stock is currently owned by institutional investors.

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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