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 commented on RDCM. Zacks Investment Research lowered RADCOM from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. William Blair initiated coverage on RADCOM in a research report on Monday, October 9th. They issued a “buy” rating for the company. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $25.00.
RADCOM (NASDAQ:RDCM) opened at $19.30 on Friday. RADCOM has a twelve month low of $16.60 and a twelve month high of $22.45. The company has a market capitalization of $248.77, a PE ratio of -1,928.07 and a beta of 1.15.
A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its position 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 buying an additional 272 shares during the last quarter. Granite Investment Partners LLC bought a new stake in RADCOM in the 3rd quarter worth approximately $548,000. Pinnacle Associates Ltd. bought a new stake in RADCOM in the 3rd quarter worth approximately $316,000. Finally, ETF Managers Group LLC bought a new stake in RADCOM in the 2nd quarter worth approximately $101,000. Institutional investors own 14.26% of the company’s stock.
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.
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.