RADCOM (RDCM) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a buy rating in a research note published on Saturday. They currently have $22.00 price target on the technology company’s stock.

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) “

RDCM has been the subject of a number of other research reports. BidaskClub cut RADCOM from a hold rating to a sell rating in a report on Tuesday, July 10th. William Blair restated a buy rating on shares of RADCOM in a report on Monday, June 18th. Finally, ValuEngine upgraded RADCOM from a hold rating to a buy rating in a report on Friday. One investment analyst has rated the stock with a sell rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $22.00.

RDCM opened at $19.20 on Friday. RADCOM has a 52-week low of $17.00 and a 52-week high of $22.40. The firm has a market cap of $264.57 million, a P/E ratio of 83.48 and a beta of -0.03.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. RADCOM had a return on equity of 6.47% and a net margin of 10.81%. The company had revenue of $10.64 million during the quarter, compared to analysts’ expectations of $10.80 million. equities analysts expect that RADCOM will post 0.23 earnings per share for the current year.

Hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp purchased a new stake in shares of RADCOM in the 4th quarter worth $803,000. Malaga Cove Capital LLC lifted its holdings in shares of RADCOM by 32.9% in the 2nd quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock worth $741,000 after buying an additional 9,280 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in shares of RADCOM by 119.7% in the 2nd quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock worth $3,055,000 after buying an additional 84,300 shares during the period. Institutional investors and hedge funds own 23.58% of the company’s stock.

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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