Radcom Ltd. (NASDAQ:RDCM) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Saturday. The firm presently has a $23.00 target price on the technology company’s stock. Zacks Investment Research‘s price objective suggests a potential upside of 14.14% from the company’s current price.
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) “
Several other equities research analysts have also recently weighed in on the company. William Blair reissued a “buy” rating on shares of Radcom in a research report on Monday, November 6th. ValuEngine raised Radcom from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Needham & Company LLC reissued a “buy” rating and issued a $27.00 price objective on shares of Radcom in a research report on Wednesday, August 9th. Finally, BidaskClub raised Radcom from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $25.00.
Shares of Radcom (RDCM) opened at $20.15 on Friday. The stock has a market capitalization of $265.21, a P/E ratio of 1,007.50 and a beta of 1.16. Radcom has a 12-month low of $16.60 and a 12-month high of $22.45.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Granite Investment Partners LLC acquired a new position in shares of Radcom in the third quarter valued at $548,000. ETF Managers Group LLC acquired a new position in shares of Radcom in the second quarter valued at $101,000. Goldman Sachs Group Inc. raised its stake in shares of Radcom by 0.8% in the second quarter. Goldman Sachs Group Inc. now owns 34,475 shares of the technology company’s stock valued at $667,000 after purchasing an additional 272 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of Radcom by 161.2% in the second quarter. Russell Investments Group Ltd. now owns 304,346 shares of the technology company’s stock valued at $5,889,000 after purchasing an additional 187,816 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its stake in shares of Radcom by 9.1% in the second quarter. Malaga Cove Capital LLC now owns 12,000 shares of the technology company’s stock valued at $224,000 after purchasing an additional 1,000 shares in the last quarter. Institutional investors and hedge funds own 13.31% of the company’s stock.
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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