Zacks Investment Research Lowers RADCOM (NASDAQ:RDCM) to Hold

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Zacks Investment Research lowered shares of RADCOM (NASDAQ:RDCM) from a buy rating to a hold rating in a report issued on Saturday, Zacks.com reports.

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) “

A number of other brokerages have also weighed in on RDCM. Needham & Company LLC reissued a hold rating on shares of RADCOM in a research report on Thursday. ValuEngine lowered RADCOM from a buy rating to a hold rating in a research report on Thursday, October 10th.

Shares of RDCM stock traded down $0.11 during mid-day trading on Friday, reaching $9.96. 6,400 shares of the company’s stock traded hands, compared to its average volume of 18,951. RADCOM has a 12 month low of $6.96 and a 12 month high of $10.37. The company’s 50-day moving average price is $9.59 and its 200-day moving average price is $8.72. The company has a quick ratio of 7.74, a current ratio of 7.80 and a debt-to-equity ratio of 0.07. The company has a market cap of $138.48 million, a P/E ratio of -55.33 and a beta of 0.26.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Monday, August 12th. The technology company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.36) by $0.29. RADCOM had a negative return on equity of 9.72% and a negative net margin of 27.95%. The business had revenue of $8.55 million during the quarter, compared to analyst estimates of $3.70 million. Equities analysts predict that RADCOM will post -0.47 earnings per share for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ETF Managers Group LLC increased its position in shares of RADCOM by 27.5% during the 2nd quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after purchasing an additional 6,910 shares during the last quarter. ARK Investment Management LLC increased its position in shares of RADCOM by 3.5% during the 2nd quarter. ARK Investment Management LLC now owns 59,552 shares of the technology company’s stock valued at $490,000 after purchasing an additional 2,020 shares during the last quarter. Finally, Taylor Frigon Capital Management LLC increased its position in shares of RADCOM by 7.6% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock valued at $2,395,000 after purchasing an additional 20,454 shares during the last quarter. 22.88% of the stock is owned by hedge funds and other institutional investors.

RADCOM Company Profile

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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