RADCOM (RDCM) PT Lowered to $12.00

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RADCOM (NASDAQ:RDCM) had its price objective dropped by stock analysts at Needham & Company LLC from $20.00 to $12.00 in a note issued to investors on Thursday, The Fly reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 28.89% from the stock’s current price.

A number of other research firms also recently issued reports on RDCM. ValuEngine raised shares of RADCOM from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 4th. Zacks Investment Research raised shares of RADCOM from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Saturday, August 11th. BidaskClub raised shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. William Blair reaffirmed an “outperform” rating on shares of RADCOM in a research note on Friday, September 14th. Finally, TheStreet downgraded shares of RADCOM from a “b-” rating to a “c” rating in a research note on Monday, September 17th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $17.00.

Shares of NASDAQ:RDCM opened at $9.31 on Thursday. RADCOM has a fifty-two week low of $9.30 and a fifty-two week high of $21.80. The firm has a market cap of $152.25 million, a P/E ratio of 40.48 and a beta of -0.09.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.05. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. The firm had revenue of $10.64 million during the quarter, compared to analyst estimates of $10.80 million. On average, analysts expect that RADCOM will post 0.23 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the stock. Northern Trust Corp purchased a new stake in RADCOM during the second quarter valued at $104,000. Malaga Cove Capital LLC raised its stake in RADCOM by 32.9% during the second quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock valued at $741,000 after purchasing an additional 9,280 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in RADCOM by 119.7% during the second quarter. Renaissance Technologies LLC now owns 154,700 shares of the technology company’s stock valued at $3,055,000 after purchasing an additional 84,300 shares in the last quarter. 25.28% of the stock is currently owned by institutional investors.

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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