Radcom (NASDAQ:RDCM) Upgraded at Zacks Research

Radcom (NASDAQ:RDCM) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday, Zacks reports.

RDCM has been the subject of a number of other reports. Needham & Company LLC decreased their price target on Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a report on Wednesday, August 12th. Weiss Ratings lowered Radcom from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, September 9th. Finally, Wall Street Zen raised shares of Radcom from a “sell” rating to a “hold” rating in a research note on Saturday, September 12th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $14.00.

Radcom Stock Performance

NASDAQ RDCM opened at $10.22 on Monday. The firm has a market capitalization of $171.08 million, a P/E ratio of 22.60 and a beta of 0.76. The stock has a 50-day simple moving average of $10.21 and a two-hundred day simple moving average of $12.45. Radcom has a fifty-two week low of $9.40 and a fifty-two week high of $16.74.

Radcom (NASDAQ:RDCM) last issued its earnings results on Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.33). Radcom had a return on equity of 6.51% and a net margin of 10.47%. The company had revenue of $11.76 million during the quarter, compared to analysts’ expectations of $15.57 million. As a group, analysts forecast that Radcom will post -0.03 earnings per share for the current year.

Radcom declared that its board has authorized a share repurchase plan on Thursday, September 17th that permits the company to repurchase $20.00 million in outstanding shares. This repurchase authorization permits the technology company to purchase up to 11.8% of its shares through open market purchases. Share repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of RDCM. Public Employees Retirement System of Ohio purchased a new stake in shares of Radcom during the 2nd quarter worth about $35,000. Lazard Asset Management LLC acquired a new stake in shares of Radcom during the 1st quarter valued at about $236,000. NewEdge Advisors LLC acquired a new stake in shares of Radcom during the 1st quarter valued at about $369,000. Janney Montgomery Scott LLC increased its stake in shares of Radcom by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock valued at $3,982,000 after purchasing an additional 5,380 shares in the last quarter. Finally, Private Advisor Group LLC increased its stake in shares of Radcom by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after purchasing an additional 7,372 shares in the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is an Israel-based provider of cloud-native service assurance and network intelligence solutions for communication service providers. Founded in 1991, the company develops software that helps telecommunications operators monitor network performance, identify service issues and improve customer experience across complex, evolving networks.

Radcom’s product portfolio is designed to support 4G and 5G mobile networks, cloud-based network functions and other virtualized telecommunications environments.