Radcom (NASDAQ:RDCM) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Radcom (NASDAQ:RDCM) from a buy rating to a hold rating in a research report report published on Saturday morning.

Radcom Price Performance

RDCM stock opened at $10.24 on Friday. Radcom has a 1-year low of $9.40 and a 1-year high of $16.74. The business has a fifty day moving average price of $13.52 and a 200-day moving average price of $13.04. The stock has a market capitalization of $171.42 million, a P/E ratio of 13.65 and a beta of 0.71.

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

Institutional Trading of Radcom

A number of large investors have recently made changes to their positions in RDCM. Raymond James Financial Inc. purchased a new position in shares of Radcom during the second quarter valued at approximately $34,000. Lazard Asset Management LLC boosted its holdings in Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after purchasing an additional 5,135 shares during the last quarter. Bank of America Corp DE grew its position in Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares during the period. Jump Financial LLC bought a new stake in Radcom in the 2nd quarter worth approximately $165,000. Finally, Boothbay Fund Management LLC bought a new stake in Radcom in the 3rd quarter worth approximately $211,000. 48.32% of the stock is currently owned by institutional investors.

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.