RADCOM (NASDAQ:RDCM) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of RADCOM (NASDAQ:RDCM) from a hold rating to a buy rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research downgraded RADCOM from a buy rating to a hold rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. RADCOM has an average rating of Hold and an average target price of $10.38.

NASDAQ:RDCM traded up $0.06 on Thursday, hitting $7.68. The stock had a trading volume of 3,682 shares, compared to its average volume of 9,589. The company has a debt-to-equity ratio of 0.06, a quick ratio of 9.80 and a current ratio of 9.84. The business has a 50-day moving average price of $7.92. RADCOM has a 52-week low of $6.96 and a 52-week high of $21.05.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.14. RADCOM had a negative return on equity of 7.41% and a negative net margin of 20.15%. The firm had revenue of $6.05 million for the quarter, compared to the consensus estimate of $3.50 million. As a group, equities analysts forecast that RADCOM will post -0.71 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Investments LP raised its stake 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 stake 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. Delek Group Ltd. raised its stake 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. Finally, Taylor Frigon Capital Management LLC raised its stake in shares of RADCOM by 7.6% in the second quarter. Taylor Frigon Capital Management LLC now owns 291,088 shares of the technology company’s stock worth $2,395,000 after buying an additional 20,454 shares during the period. 24.37% of the stock is currently owned by hedge funds and other 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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