Radcom (NASDAQ:RDCM) Upgraded by Zacks Investment Research to “Strong-Buy”

Radcom (NASDAQ:RDCM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report released on Saturday, November 11th. The firm currently has a $23.00 target price on the technology company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 14.71% from the company’s current price.

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) “

Other analysts have also issued research reports about the stock. ValuEngine lowered shares of Radcom from a “hold” rating to a “sell” rating in a research note on Monday, August 28th. BidaskClub upgraded shares of Radcom from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Needham & Company LLC restated a “buy” rating and issued a $27.00 price target on shares of Radcom in a research note on Wednesday, August 9th. Finally, William Blair restated a “buy” rating on shares of Radcom in a research note on Monday, November 6th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $25.00.

Shares of Radcom (NASDAQ RDCM) traded down $0.55 during trading hours on Friday, hitting $20.05. 58,747 shares of the company were exchanged, compared to its average volume of 44,391. The company has a market capitalization of $272.46, a price-to-earnings ratio of 1,035.00 and a beta of 1.16. Radcom has a fifty-two week low of $16.60 and a fifty-two week high of $22.45.

A number of hedge funds have recently added to or reduced their stakes in the business. Pinnacle Associates Ltd. bought a new stake in Radcom during the third quarter valued at $316,000. Granite Investment Partners LLC bought a new stake in Radcom during the third quarter valued at $548,000. ETF Managers Group LLC bought a new stake in Radcom during the second quarter valued at $101,000. Goldman Sachs Group Inc. increased its stake in Radcom by 0.8% during the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after purchasing an additional 272 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Radcom by 161.2% during the second quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after purchasing an additional 187,816 shares during the last quarter. Hedge funds and other institutional investors own 14.26% of the company’s stock.

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Radcom Company Profile

RADCOM Ltd. (RADCOM) provides service assurance and customer experience management solutions for communication service providers (CSPs). The Company provides solutions for networks, including long-term evolution (LTE), LTE Advanced (LTE-A), voice over LTE (VoLTE), Internet protocol multimedia subsystem (IMS), Voice over Internet protocol (VoIP), universal mobile telecommunications system (UMTS) or global system for mobile communications (GSM) and mobile broadband.

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