Radcom (NASDAQ:RDCM) Downgraded by Zacks Research to “Strong Sell”

Radcom (NASDAQ:RDCM) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently commented on the stock. Wall Street Zen downgraded shares of Radcom from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Needham & Company LLC lowered their price objective on shares of Radcom from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings raised shares of Radcom from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Radcom has an average rating of “Hold” and an average target price of $14.00.

Radcom Trading Down 1.6%

Shares of RDCM opened at $10.16 on Wednesday. Radcom has a 1 year low of $9.40 and a 1 year high of $16.74. The stock has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $12.87. The stock has a market cap of $170.08 million, a PE ratio of 24.19 and a beta of 0.74.

Radcom (NASDAQ:RDCM) last announced its quarterly 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 net margin of 10.47% and a return on equity of 6.56%. The company had revenue of $11.76 million during the quarter, compared to analyst estimates of $15.57 million. On average, sell-side analysts forecast that Radcom will post 0.59 EPS for the current fiscal year.

Institutional Investors Weigh In On Radcom

Institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. bought a new stake in shares of Radcom during the second quarter worth approximately $34,000. Lazard Asset Management LLC boosted its stake in Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after acquiring an additional 5,135 shares during the last quarter. Bank of America Corp DE grew its holdings in Radcom by 93.8% during the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after acquiring an additional 4,364 shares during the period. Jump Financial LLC acquired a new stake in Radcom during the 2nd quarter worth $165,000. Finally, XTX Topco Ltd bought a new stake in shares of Radcom during the 4th quarter valued at $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.