Legato Capital Management LLC Purchases New Stake in RADCOM Ltd. (NASDAQ:RDCM)

Legato Capital Management LLC bought a new position in RADCOM Ltd. (NASDAQ:RDCM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 68,627 shares of the technology company’s stock, valued at approximately $848,000. Legato Capital Management LLC owned about 0.44% of RADCOM at the end of the most recent reporting period.

Separately, Janney Montgomery Scott LLC increased its position in RADCOM by 30.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after purchasing an additional 70,544 shares during the last quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on RDCM shares. StockNews.com raised RADCOM from a “buy” rating to a “strong-buy” rating in a research report on Friday. Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Price Performance

Shares of RDCM stock opened at $14.09 on Friday. The firm has a market cap of $220.68 million, a P/E ratio of 29.98 and a beta of 0.90. The stock’s 50-day moving average is $12.79 and its two-hundred day moving average is $11.21. RADCOM Ltd. has a fifty-two week low of $8.52 and a fifty-two week high of $15.98.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.90% and a net margin of 12.44%. As a group, research analysts expect that RADCOM Ltd. will post 0.42 EPS for the current year.

About RADCOM

RADCOM Ltd. provides 5G ready cloud-native, network intelligence, and service assurance solutions for telecom operators or communication service providers (CSPs). It offers RADCOM ACE, including RADCOM Service Assurance, a cloud-native, 5G-ready, and virtualized service assurance solutions, which allows telecom operators to gain end-to-end network visibility and customer experience insights across all networks; RADCOM Network Visibility, a cloud-native network packet broker and filtering solution that allows CSPs to manage network traffic at scale across multiple cloud environments, and control the visibility layer to perform analysis of select datasets; and RADCOM Network Insights, a business intelligence solution that offers insights for multiple use cases enabled by data captured and correlated through RADCOM Network Visibility and RADCOM Service Assurance.