Radcom Ltd. (RDCM) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of Radcom Ltd. (NASDAQ:RDCM) from a hold rating to a sell rating in a report published on Thursday.

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) “

Separately, Needham & Company LLC boosted their price target on Radcom from $23.00 to $27.00 and gave the company a buy rating in a research note on Monday, October 24th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of Buy and an average target price of $22.00.

Shares of Radcom (NASDAQ:RDCM) opened at 18.05 on Thursday. The stock’s 50 day moving average is $18.31 and its 200-day moving average is $18.63. The firm has a market cap of $205.95 million, a price-to-earnings ratio of 328.18 and a beta of 1.36. Radcom has a 12-month low of $11.11 and a 12-month high of $22.35.

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Hedge funds and other institutional investors have recently modified their holdings of the company. Malaga Cove Capital LLC acquired a new position in shares of Radcom during the third quarter valued at approximately $195,000. Hartwell J M Limited Partnership increased its position in shares of Radcom by 40.0% in the third quarter. Hartwell J M Limited Partnership now owns 14,000 shares of the company’s stock valued at $286,000 after buying an additional 4,000 shares during the last quarter. Timpani Capital Management LLC acquired a new position in shares of Radcom during the third quarter valued at approximately $1,747,000. Russell Investments Group Ltd. acquired a new position in shares of Radcom during the fourth quarter valued at approximately $1,791,000. Finally, G2 Investment Partners Management LLC increased its position in shares of Radcom by 38.4% in the second quarter. G2 Investment Partners Management LLC now owns 1,091,606 shares of the company’s stock valued at $12,717,000 after buying an additional 302,702 shares during the last quarter. 20.31% of the stock is owned by hedge funds and other institutional investors.

Radcom Company Profile

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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