Radcom Ltd. (NASDAQ:RDCM) was downgraded by investment analysts at TheStreet from a “b” rating to a “c” rating in a report released on Wednesday.
Several other analysts have also weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $27.00 price target on shares of Radcom in a report on Wednesday. Zacks Investment Research lowered Radcom from a “hold” rating to a “sell” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $22.00.
Shares of Radcom (NASDAQ:RDCM) remained flat at $17.20 during trading on Wednesday. 6,293 shares of the company’s stock were exchanged. Radcom has a 52-week low of $11.11 and a 52-week high of $22.35. The firm has a market cap of $198.63 million, a PE ratio of 95.56 and a beta of 1.36. The firm has a 50 day moving average of $18.22 and a 200-day moving average of $18.63.
Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Tuesday, February 14th. The company reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. Radcom had a return on equity of 2.82% and a net margin of 2.18%. The company had revenue of $8 million for the quarter, compared to analyst estimates of $7.94 million. The business’s revenue was up 196.3% compared to the same quarter last year. Analysts predict that Radcom will post $0.22 earnings per share for the current year.
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A number of institutional investors have recently made changes to their positions in RDCM. G2 Investment Partners Management LLC increased its position in shares of Radcom by 38.4% in the second quarter. G2 Investment Partners Management LLC now owns 1,091,606 shares of the company’s stock valued at $12,717,000 after buying an additional 302,702 shares during the period. Raging Capital Management LLC increased its position in shares of Radcom by 120.7% in the fourth quarter. Raging Capital Management LLC now owns 486,277 shares of the company’s stock valued at $8,656,000 after buying an additional 265,926 shares during the period. Russell Investments Group Ltd. acquired a new position in shares of Radcom during the fourth quarter valued at approximately $1,791,000. Timpani Capital Management LLC acquired a new position in shares of Radcom during the third quarter valued at approximately $1,747,000. Finally, Menta Capital LLC increased its position in shares of Radcom by 17.9% in the fourth quarter. Menta Capital LLC now owns 258,818 shares of the company’s stock valued at $4,607,000 after buying an additional 39,370 shares during the period. 20.31% of the stock is currently owned by institutional investors.
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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