StockNews.com Upgrades RADCOM (NASDAQ:RDCM) to “Strong-Buy”

RADCOM (NASDAQ:RDCM) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

Separately, Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of RADCOM in a research note on Friday, January 17th.

RADCOM Trading Down 4.3 %

Shares of NASDAQ RDCM opened at $13.49 on Friday. The firm has a market capitalization of $211.25 million, a P/E ratio of 28.70 and a beta of 0.90. The firm’s 50-day moving average price is $12.84 and its 200-day moving average price is $11.27. RADCOM has a 1-year low of $8.52 and a 1-year high of $15.98.

RADCOM (NASDAQ:RDCM) last announced 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%. Equities research analysts forecast that RADCOM will post 0.42 EPS for the current year.

Institutional Trading of RADCOM

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Value Base Ltd. purchased a new position in shares of RADCOM during the fourth quarter valued at approximately $10,330,000. Janney Montgomery Scott LLC lifted its stake in RADCOM by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after acquiring an additional 9,147 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in RADCOM by 8.5% during the 4th quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 18,600 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of RADCOM in the 4th quarter worth $2,832,000. Finally, Acuitas Investments LLC raised its holdings in shares of RADCOM by 21.6% in the fourth 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. 48.32% of the stock is owned by institutional investors.

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.