StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM - Free Report) from a buy rating to a strong-buy rating in a research report report published on Tuesday morning.
Separately, Needham & Company LLC reiterated a "buy" rating and set a $16.00 target price on shares of RADCOM in a report on Friday, January 17th.
Check Out Our Latest Report on RDCM
RADCOM Stock Performance
RDCM traded down $0.18 on Tuesday, reaching $10.80. The company had a trading volume of 41,431 shares, compared to its average volume of 50,428. The business has a 50 day simple moving average of $11.62 and a 200 day simple moving average of $11.92. The company has a market cap of $169.15 million, a price-to-earnings ratio of 24.55 and a beta of 0.77. RADCOM has a 52-week low of $8.52 and a 52-week high of $15.98.
RADCOM (NASDAQ:RDCM - Get Free Report) last posted 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 net margin of 11.42% and a return on equity of 8.18%. As a group, equities research analysts predict that RADCOM will post 0.54 EPS for the current fiscal year.
Hedge Funds Weigh In On RADCOM
Institutional investors and hedge funds have recently made changes to their positions in the business. Legato Capital Management LLC bought a new position in shares of RADCOM during the fourth quarter valued at approximately $848,000. Prudential Financial Inc. bought a new position in shares of RADCOM during the fourth quarter valued at approximately $183,000. Russell Investments Group Ltd. increased its stake in shares of RADCOM by 6.2% during the fourth quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company's stock valued at $1,367,000 after purchasing an additional 6,436 shares in the last quarter. Walleye Capital LLC bought a new position in shares of RADCOM during the fourth quarter valued at approximately $681,000. Finally, Value Base Ltd. bought a new stake in shares of RADCOM during the fourth quarter valued at approximately $10,330,000. Institutional investors own 48.32% of the company's stock.
About RADCOM
(
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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.
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