Bank of New York Mellon Corp decreased its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 20.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 32,885 shares of the technology company’s stock after selling 8,265 shares during the period. Bank of New York Mellon Corp owned approximately 0.24% of RADCOM worth $649,000 as of its most recent SEC filing.
Separately, Malaga Cove Capital LLC boosted its stake in shares of RADCOM by 32.9% during the 2nd quarter. Malaga Cove Capital LLC now owns 37,506 shares of the technology company’s stock valued at $741,000 after purchasing an additional 9,280 shares in the last quarter. Institutional investors own 25.28% of the company’s stock.
Shares of RDCM opened at $9.34 on Friday. The stock has a market cap of $125.59 million, a PE ratio of 40.61 and a beta of -0.11. RADCOM Ltd. has a 1-year low of $9.00 and a 1-year high of $21.80.
RADCOM (NASDAQ:RDCM) last announced its earnings results on Tuesday, August 7th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.05. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. The firm had revenue of $10.64 million for the quarter, compared to analyst estimates of $10.80 million. On average, sell-side analysts forecast that RADCOM Ltd. will post -0.36 earnings per share for the current fiscal year.
A number of brokerages have recently weighed in on RDCM. Zacks Investment Research lowered shares of RADCOM from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 25th. BidaskClub raised shares of RADCOM from a “sell” rating to a “hold” rating in a research note on Saturday, July 21st. ValuEngine raised shares of RADCOM from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. TheStreet lowered shares of RADCOM from a “b-” rating to a “c” rating in a research note on Monday, September 17th. Finally, William Blair reaffirmed an “outperform” rating on shares of RADCOM in a research note on Friday, September 14th. Three analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. RADCOM presently has a consensus rating of “Hold” and an average target price of $17.00.
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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