Zacks Investment Research upgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a buy rating in a report issued on Wednesday, Zacks.com reports. The brokerage currently has $9.00 price target 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) “
Shares of RADCOM stock opened at $8.05 on Wednesday. The company’s 50 day moving average price is $8.22. RADCOM has a 12 month low of $6.96 and a 12 month high of $21.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 9.84 and a quick ratio of 9.80.
A number of hedge funds have recently modified their holdings of RDCM. Van ECK Associates Corp raised its holdings in shares of RADCOM by 50.4% in the fourth quarter. Van ECK Associates Corp now owns 4,832 shares of the technology company’s stock worth $36,000 after buying an additional 1,619 shares during the period. Two Sigma Investments LP raised its holdings in shares of RADCOM by 77.8% in the fourth quarter. Two Sigma Investments LP now owns 24,924 shares of the technology company’s stock worth $185,000 after buying an additional 10,905 shares during the period. ARK Investment Management LLC raised its holdings in shares of RADCOM by 9.4% in the first quarter. ARK Investment Management LLC now owns 57,532 shares of the technology company’s stock worth $427,000 after buying an additional 4,947 shares during the period. Finally, Delek Group Ltd. raised its holdings in shares of RADCOM by 1.9% in the first quarter. Delek Group Ltd. now owns 285,264 shares of the technology company’s stock worth $2,106,000 after buying an additional 5,264 shares during the period. Institutional investors and hedge funds own 24.22% of the company’s stock.
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.
See Also: Why do companies engage in swaps?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.