RADCOM (NASDAQ:RDCM) Lowered to Hold at Zacks Investment Research

Zacks Investment Research lowered shares of RADCOM (NASDAQ:RDCM) from a buy rating to a hold rating in a research report report published on Saturday, Zacks.com reports.

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 equities research analysts also recently weighed in on RDCM. ValuEngine downgraded shares of RADCOM from a buy rating to a hold rating in a research note on Thursday, October 10th. Needham & Company LLC reaffirmed a hold rating on shares of RADCOM in a research note on Thursday.

Shares of RDCM stock traded down $0.11 on Friday, hitting $9.96. The stock had a trading volume of 6,400 shares, compared to its average volume of 18,951. The business has a 50 day moving average of $9.59 and a 200 day moving average of $8.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 7.80 and a quick ratio of 7.74. RADCOM has a 12-month low of $6.96 and a 12-month high of $10.37. The stock has a market cap of $138.48 million, a price-to-earnings ratio of -55.33 and a beta of 0.26.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Monday, August 12th. The technology company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.29. RADCOM had a negative net margin of 27.95% and a negative return on equity of 9.72%. The company had revenue of $8.55 million during the quarter, compared to analyst estimates of $3.70 million. As a group, research analysts expect that RADCOM will post -0.47 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. ETF Managers Group LLC raised its stake in RADCOM by 27.5% in the second quarter. ETF Managers Group LLC now owns 31,995 shares of the technology company’s stock valued at $259,000 after purchasing an additional 6,910 shares in the last quarter. ARK Investment Management LLC raised its stake in RADCOM by 3.5% in the second quarter. ARK Investment Management LLC now owns 59,552 shares of the technology company’s stock valued at $490,000 after purchasing an additional 2,020 shares in the last quarter. Finally, Taylor Frigon Capital Management LLC raised its stake in RADCOM by 7.6% in the second quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock valued at $2,395,000 after purchasing an additional 20,454 shares in the last quarter. 22.88% of the stock is currently owned by institutional investors and hedge funds.

About RADCOM

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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