Radcom (NASDAQ:RDCM) Stock Rating Lowered by Wall Street Zen

Radcom (NASDAQ:RDCM) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Radcom Stock Performance

NASDAQ:RDCM opened at $10.24 on Friday. The firm has a market cap of $171.42 million, a PE ratio of 13.65 and a beta of 0.75. The stock has a fifty day moving average price of $13.52 and a 200 day moving average price of $13.04. Radcom has a 12-month low of $9.40 and a 12-month high of $16.74.

Radcom (NASDAQ:RDCM) last released its earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $18.59 million during the quarter, compared to analysts’ expectations of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. Equities analysts forecast that Radcom will post 0.84 EPS for the current year.

Institutional Trading of Radcom

Several hedge funds have recently added to or reduced their stakes in RDCM. Raymond James Financial Inc. acquired a new position in Radcom during the 2nd quarter worth approximately $34,000. Lazard Asset Management LLC raised its holdings in shares of Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after purchasing an additional 4,364 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Radcom during the 2nd quarter worth $165,000. Finally, XTX Topco Ltd purchased a new stake in shares of Radcom during the 4th quarter worth $196,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

About Radcom

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.