Radcom (NASDAQ:RDCM) Stock Price Crosses Below 200-Day Moving Average - What's Next?

Key Points

• Shares of Radcom fell below its 200-day moving average of $12.77, trading as low as $12.38 and last at $12.51 (down ~1%), with the 50-day MA at $11.72.
• Analyst coverage is mixed — MarketBeat shows an average rating of Moderate Buy and a consensus target of $18, with Needham reaffirming a buy while Wall Street Zen and Weiss offer more cautious stances.
• Recent fundamentals were solid: Radcom reported $0.31 EPS (beating estimates by $0.08) on $18.86M revenue, has a market cap of about $207.5M and a P/E of 17.38, and roughly 48% of shares are held by institutions.

Shares of Radcom Ltd. (NASDAQ:RDCM - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $12.77 and traded as low as $12.38. Radcom shares last traded at $12.51, with a volume of 18,756 shares trading hands.

Analyst Upgrades and Downgrades

RDCM has been the subject of several recent research reports. Wall Street Zen cut Radcom from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 21st. Weiss Ratings reissued a "hold (c+)" rating on shares of Radcom in a research note on Monday, December 22nd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $18.00 target price on shares of Radcom in a research note on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $18.00.

Radcom Stock Down 1.0%

The firm has a 50 day moving average of $11.72 and a 200 day moving average of $12.77. The firm has a market cap of $207.54 million, a price-to-earnings ratio of 17.38 and a beta of 0.54.

Radcom (NASDAQ:RDCM - Get Free Report) last released its earnings results on Thursday, February 12th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. Radcom had a return on equity of 11.53% and a net margin of 16.77%.The business had revenue of $18.86 million during the quarter, compared to analysts' expectations of $18.46 million. Equities analysts expect that Radcom Ltd. will post 0.54 EPS for the current year.

Institutional Investors Weigh In On Radcom

Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Radcom in the second quarter valued at approximately $34,000. New York State Common Retirement Fund acquired a new stake in Radcom in the third quarter valued at approximately $76,000. Lazard Asset Management LLC lifted its holdings in shares of Radcom by 171.1% in the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company's stock valued at $110,000 after purchasing an additional 5,135 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Radcom by 93.8% in the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company's stock valued at $131,000 after purchasing an additional 4,364 shares in the last quarter. Finally, Cox Capital Mgt LLC bought a new position in shares of Radcom in the third quarter valued at approximately $145,000. Institutional investors and hedge funds own 48.32% of the company's stock.

Radcom Company Profile

Radcom Ltd. NASDAQ: RDCM is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.

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