Legato Capital Management LLC acquired a new position in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 68,627 shares of the technology company's stock, valued at approximately $848,000. Legato Capital Management LLC owned about 0.44% of RADCOM at the end of the most recent reporting period.
Separately, Janney Montgomery Scott LLC increased its position in shares of RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company's stock valued at $3,144,000 after purchasing an additional 70,544 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
RDCM has been the subject of a number of analyst reports. StockNews.com upgraded RADCOM from a "buy" rating to a "strong-buy" rating in a research report on Friday. Needham & Company LLC reissued a "buy" rating and issued a $16.00 target price on shares of RADCOM in a research note on Friday, January 17th.
View Our Latest Research Report on RDCM
RADCOM Trading Down 4.3 %
Shares of NASDAQ RDCM traded down $0.60 during midday trading on Monday, hitting $13.49. The company's stock had a trading volume of 112,155 shares, compared to its average volume of 111,403. RADCOM Ltd. has a 12-month low of $8.52 and a 12-month high of $15.98. The firm has a market cap of $211.25 million, a P/E ratio of 28.70 and a beta of 0.90. The business's 50 day moving average is $12.84 and its two-hundred day moving average is $11.28.
RADCOM (NASDAQ:RDCM - Get Free Report) last posted 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 return on equity of 8.90% and a net margin of 12.44%. On average, analysts predict that RADCOM Ltd. will post 0.42 earnings per share for the current fiscal year.
RADCOM Company Profile
(
Free Report)
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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