RADCOM (NASDAQ:RDCM) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday, February 4th.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of RADCOM from a “hold” rating to a “buy” rating and set a $8.75 target price for the company in a research report on Friday, January 18th. Needham & Company LLC cut their target price on shares of RADCOM from $20.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, October 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $10.63.
RDCM stock opened at $7.81 on Monday. RADCOM has a 12-month low of $6.96 and a 12-month high of $21.80. The company has a market capitalization of $105.67 million, a price-to-earnings ratio of -43.39 and a beta of 0.57.
RADCOM (NASDAQ:RDCM) last released its earnings results on Tuesday, February 12th. The technology company reported ($0.30) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.03. RADCOM had a negative net margin of 7.09% and a negative return on equity of 3.02%. The company had revenue of $3.99 million during the quarter, compared to the consensus estimate of $3.50 million. As a group, equities analysts expect that RADCOM will post -0.69 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of RADCOM by 50.4% during the 4th quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock worth $36,000 after purchasing an additional 1,619 shares during the last quarter. Northern Trust Corp acquired a new position in shares of RADCOM during the 2nd quarter worth $104,000. Two Sigma Investments LP increased its stake in shares of RADCOM by 77.8% during the 4th quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock worth $185,000 after purchasing an additional 10,905 shares during the last quarter. Malaga Cove Capital LLC increased its stake in shares of RADCOM by 29.6% during the 3rd quarter. Malaga Cove Capital LLC now owns 48,606 shares of the technology company’s stock worth $552,000 after purchasing an additional 11,100 shares during the last quarter. Finally, ETF Managers Group LLC increased its stake in shares of RADCOM by 93.7% during the 4th quarter. ETF Managers Group LLC now owns 25,894 shares of the technology company’s stock worth $192,000 after purchasing an additional 12,523 shares during the last quarter. Institutional investors own 26.11% of the company’s stock.
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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