Shares of RADCOM Ltd. (NASDAQ:RDCM) dropped 29% on Monday . The company traded as low as $11.28 and last traded at $12.25. Approximately 1,803,429 shares traded hands during trading, an increase of 3,711% from the average daily volume of 47,320 shares. The stock had previously closed at $17.25.
RDCM has been the topic of a number of recent research reports. BidaskClub lowered shares of RADCOM from a “sell” rating to a “strong sell” rating in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of RADCOM from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Tuesday, May 29th. ValuEngine lowered shares of RADCOM from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Finally, William Blair reiterated a “buy” rating on shares of RADCOM in a research note on Monday, June 18th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.00.
The company has a market cap of $229.39 million, a P/E ratio of 51.30 and a beta of -0.19.
RADCOM (NASDAQ:RDCM) last announced its quarterly earnings results 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 company had revenue of $10.64 million for the quarter, compared to analyst estimates of $10.80 million. RADCOM had a net margin of 10.81% and a return on equity of 6.47%.
An institutional investor recently raised its position in RADCOM stock. Renaissance Technologies LLC raised its stake in RADCOM Ltd. (NASDAQ:RDCM) by 119.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,700 shares of the technology company’s stock after purchasing an additional 84,300 shares during the period. Renaissance Technologies LLC owned 1.14% of RADCOM worth $3,055,000 as of its most recent SEC filing. 25.29% of the stock is currently owned by hedge funds and other institutional investors.
RADCOM Company Profile (NASDAQ:RDCM)
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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