RADCOM (NASDAQ:RDCM) Stock Rating Lowered by StockNews.com

StockNews.com downgraded shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a report issued on Wednesday.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Price Performance

Shares of RDCM opened at $12.34 on Wednesday. The stock has a market capitalization of $193.27 million, a price-to-earnings ratio of 28.05 and a beta of 0.90. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98. The business’s 50 day simple moving average is $13.02 and its 200-day simple moving average is $11.45.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. On average, sell-side analysts expect that RADCOM will post 0.54 earnings per share for the current year.

Institutional Trading of RADCOM

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC boosted its stake in RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares during the period. Legato Capital Management LLC purchased a new position in shares of RADCOM during the 4th quarter worth about $848,000. Acuitas Investments LLC grew its holdings in RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 32,631 shares during the last quarter. Essex Investment Management Co. LLC purchased a new stake in RADCOM in the 4th quarter worth about $2,832,000. Finally, Value Base Ltd. bought a new stake in RADCOM in the fourth quarter worth about $10,330,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

RADCOM Company Profile

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.