RADCOM (NASDAQ:RDCM) Lowered to “Buy” Rating by StockNews.com

StockNews.com lowered shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research report sent to investors on Wednesday.

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

RADCOM Stock Performance

Shares of RDCM opened at $12.18 on Wednesday. The firm has a market capitalization of $190.76 million, a price-to-earnings ratio of 27.68 and a beta of 0.93. RADCOM has a one year low of $8.52 and a one year high of $15.98. The stock’s fifty day moving average is $12.95 and its 200-day moving average is $11.68.

RADCOM (NASDAQ:RDCM) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Analysts forecast that RADCOM will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Legato Capital Management LLC acquired a new position in RADCOM during the fourth quarter worth about $848,000. Acuitas Investments LLC boosted its position in shares of RADCOM by 21.6% in 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 period. Value Base Ltd. acquired a new position in shares of RADCOM in the 4th quarter valued at $10,330,000. Essex Investment Management Co. LLC acquired a new position in shares of RADCOM in the 4th quarter valued at $2,832,000. Finally, Janney Montgomery Scott LLC boosted its position in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 9,147 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

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.