Needham & Company LLC Issues Pessimistic Forecast for Radcom (NASDAQ:RDCM) Stock Price
Market Beat·- Needham & Company LLC lowered its price target for Radcom (NASDAQ: RDCM) from $18.00 to $14.00 while maintaining a buy rating. - Radcom reported second quarter earnings of ($0.09) per share on revenue of $11.76 million, missing analyst expectations. - Several institutional investors and hedge funds recently modified their holdings in the technology company.