RADCOM (RDCM) Rating Lowered 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 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.

RADCOM (NASDAQ:RDCM) last issued its quarterly earnings data on Monday, November 6th. The technology company reported $0.10 EPS 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%. analysts anticipate that RADCOM will post 0.13 earnings per share for the current fiscal year.

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.

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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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