RADCOM (NASDAQ:RDCM) Shares Cross Above Two Hundred Day Moving Average of $9.71

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.71 and traded as high as $10.01. RADCOM shares last traded at $9.84, with a volume of 28,264 shares trading hands.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of RADCOM in a report on Thursday, August 8th.

RADCOM Price Performance

The firm has a fifty day moving average of $9.78 and a two-hundred day moving average of $9.72. The stock has a market capitalization of $155.64 million, a P/E ratio of 40.24 and a beta of 0.86.

RADCOM (NASDAQ:RDCM - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The technology company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.08 by $0.04. RADCOM had a net margin of 8.52% and a return on equity of 6.25%. The business had revenue of $14.80 million during the quarter, compared to analyst estimates of $14.10 million. As a group, sell-side analysts forecast that RADCOM Ltd. will post 0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC raised its stake in shares of RADCOM by 109.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock worth $3,017,000 after acquiring an additional 141,079 shares in the last quarter. Acadian Asset Management LLC grew its holdings in RADCOM by 34.1% in the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after purchasing an additional 22,923 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of RADCOM by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock worth $1,301,000 after purchasing an additional 4,935 shares in the last quarter. Quadrature Capital Ltd acquired a new position in shares of RADCOM during the first quarter worth $159,000. Finally, AWM Investment Company Inc. lifted its holdings in shares of RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock valued at $9,383,000 after purchasing an additional 45,000 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.