RADCOM (RDCM) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a buy rating in a research note published on Saturday morning. They currently have $22.00 target price on the technology company’s stock.

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) “

RDCM has been the topic of several other research reports. BidaskClub cut RADCOM from a hold rating to a sell rating in a research report on Tuesday, July 10th. ValuEngine raised RADCOM from a hold rating to a buy rating in a research report on Friday. Finally, William Blair reaffirmed a buy rating on shares of RADCOM in a research report on Monday, June 18th. One research analyst has rated the stock with a sell rating and three have given a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $22.00.

Shares of RADCOM traded up $0.05, hitting $19.55, during midday trading on Friday, according to Marketbeat. 22,144 shares of the stock traded hands, compared to its average volume of 34,391. The company has a market cap of $263.90 million, a price-to-earnings ratio of 57.35 and a beta of -0.03. RADCOM has a one year low of $17.00 and a one year high of $22.40.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.05. The firm had revenue of $10.64 million during the quarter, compared to the consensus estimate of $10.80 million. RADCOM had a return on equity of 6.47% and a net margin of 10.81%. equities analysts expect that RADCOM will post 0.23 EPS for the current year.

A hedge fund recently bought a new stake in RADCOM stock. Bank of New York Mellon Corp bought a new stake in shares of RADCOM Ltd. (NASDAQ:RDCM) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 40,461 shares of the technology company’s stock, valued at approximately $803,000. Bank of New York Mellon Corp owned about 0.31% of RADCOM as of its most recent SEC filing. Institutional investors own 23.71% of the company’s stock.

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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