RADCOM (RDCM) Cut to “Strong Sell” at BidaskClub

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Friday.

Several other research analysts have also weighed in on the company. Zacks Investment Research lowered RADCOM from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 9th. William Blair reiterated a “buy” rating on shares of RADCOM in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.

RADCOM (RDCM) traded up $0.40 during mid-day trading on Friday, reaching $19.30. The company’s stock had a trading volume of 161,141 shares, compared to its average volume of 37,377. The company has a market capitalization of $254.03, a price-to-earnings ratio of -1,930.00 and a beta of 1.15. RADCOM has a 52-week low of $16.60 and a 52-week high of $22.45.

RADCOM (NASDAQ:RDCM) last posted its earnings results on Monday, November 6th. The technology company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.11. RADCOM had a positive return on equity of 0.71% and a negative net margin of 0.27%. equities analysts forecast that RADCOM will post 0.13 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the business. ETF Managers Group LLC bought a new stake in shares of RADCOM in the second quarter valued at about $101,000. Hartwell J M Limited Partnership bought a new stake in shares of RADCOM in the second quarter valued at about $116,000. Barclays PLC bought a new stake in shares of RADCOM in the first quarter valued at about $172,000. Malaga Cove Capital LLC bought a new stake in shares of RADCOM in the third quarter valued at about $195,000. Finally, Royal Bank of Canada bought a new stake in shares of RADCOM in the first quarter valued at about $207,000. 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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