Zacks Investment Research lowered shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a hold rating in a research note released on Tuesday morning.
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) “
A number of other brokerages have also recently commented on RDCM. William Blair reissued a buy rating on shares of RADCOM in a research report on Monday, November 6th. BidaskClub cut RADCOM from a hold rating to a sell rating in a research report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $25.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in RDCM. ETF Managers Group LLC purchased a new position in RADCOM in the 2nd quarter worth approximately $101,000. Pinnacle Associates Ltd. purchased a new position in RADCOM in the 3rd quarter worth approximately $316,000. Granite Investment Partners LLC purchased a new position in RADCOM in the 3rd quarter worth approximately $548,000. Finally, Goldman Sachs Group Inc. raised its holdings in RADCOM by 0.8% in the 2nd quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock worth $667,000 after acquiring an additional 272 shares during the last quarter. Institutional investors own 14.26% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Zacks Investment Research Downgrades RADCOM (RDCM) to Hold” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.com-unik.info/2018/01/12/zacks-investment-research-downgrades-radcom-rdcm-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RADCOM Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RADCOM and related companies with MarketBeat.com's FREE daily email newsletter.