Radcom (NASDAQ:RDCM) Raised to “Hold” at Wall Street Zen

Radcom (NASDAQ:RDCM) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other brokerages also recently commented on RDCM. Weiss Ratings downgraded shares of Radcom from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday. Zacks Research cut shares of Radcom from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 12th. Finally, Needham & Company LLC dropped their target price on shares of Radcom from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Wednesday, August 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Radcom currently has an average rating of “Hold” and a consensus price target of $14.00.

Radcom Stock Performance

Shares of NASDAQ:RDCM opened at $9.91 on Friday. The stock has a fifty day simple moving average of $11.43 and a two-hundred day simple moving average of $12.58. The stock has a market capitalization of $165.89 million, a price-to-earnings ratio of 23.60 and a beta of 0.74. 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 Wednesday, August 12th. The technology company reported ($0.09) EPS for the quarter, missing the consensus estimate 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 the consensus estimate of $15.57 million. As a group, equities research analysts predict that Radcom will post -0.03 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC bought a new stake in Radcom in the 3rd quarter worth about $4,058,000. Lynrock Lake LP lifted its stake in Radcom by 7.7% during the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after acquiring an additional 175,094 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Radcom during the 4th quarter valued at about $1,334,000. Marshall Wace LLP boosted its holdings in shares of Radcom by 58.1% during the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock valued at $2,558,000 after acquiring an additional 71,873 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in shares of Radcom by 67.1% in the fourth quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock worth $2,230,000 after acquiring an additional 68,420 shares during the period. 48.32% of the stock is owned by institutional investors.

Radcom Company Profile

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.