Zacks Investment Research cut shares of RADCOM (NASDAQ:RDCM) from a hold rating to a sell rating in a report released on Wednesday.

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) “

Other analysts also recently issued reports about the company. William Blair restated an outperform rating on shares of RADCOM in a report on Friday, September 14th. BidaskClub cut shares of RADCOM from a hold rating to a sell rating in a research report on Tuesday, July 10th. ValuEngine raised shares of RADCOM from a hold rating to a buy rating in a research report on Friday, August 10th. TheStreet cut shares of RADCOM from a b- rating to a c rating in a research report on Monday, September 17th. Finally, Needham & Company LLC cut their price target on shares of RADCOM from $20.00 to $12.00 and set a buy rating on the stock in a research report on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $17.00.

NASDAQ RDCM opened at $9.34 on Wednesday. The firm has a market capitalization of $125.59 million, a P/E ratio of 40.61 and a beta of -0.11. RADCOM has a twelve month low of $9.00 and a twelve month high of $21.80.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. The business 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%. Equities analysts anticipate that RADCOM will post -0.36 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of RDCM. Northern Trust Corp bought a new stake in RADCOM during the second quarter valued at $104,000. Malaga Cove Capital LLC boosted its position in RADCOM by 29.6% during the third quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock valued at $552,000 after acquiring an additional 11,100 shares during the last quarter. Taylor Frigon Capital Management LLC boosted its position in RADCOM by 114.0% during the third quarter. Taylor Frigon Capital Management LLC now owns 224,353 shares of the technology company’s stock valued at $2,523,000 after acquiring an additional 119,533 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after acquiring an additional 84,300 shares during the last quarter. 25.28% of the stock is currently owned by institutional investors and hedge funds.

About RADCOM

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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