RADCOM (NASDAQ:RDCM - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Wednesday.
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th.
Check Out Our Latest Report on RADCOM
RADCOM Stock Down 1.3 %
Shares of NASDAQ:RDCM traded down $0.16 during trading on Wednesday, reaching $12.18. The stock had a trading volume of 46,726 shares, compared to its average volume of 51,090. RADCOM has a 52 week low of $8.52 and a 52 week high of $15.98. The firm has a market capitalization of $190.76 million, a price-to-earnings ratio of 27.68 and a beta of 0.93. The stock has a fifty day simple moving average of $12.95 and a two-hundred day simple moving average of $11.68.
RADCOM (NASDAQ:RDCM - Get Free Report) last released 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%. On average, analysts forecast that RADCOM will post 0.54 EPS for the current year.
Hedge Funds Weigh In On RADCOM
Institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio bought a new position in RADCOM during the fourth quarter worth $31,000. JPMorgan Chase & Co. boosted its stake in RADCOM by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock worth $57,000 after buying an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in RADCOM during the fourth quarter worth $62,000. Prudential Financial Inc. acquired a new stake in RADCOM during the fourth quarter worth $183,000. Finally, Northern Trust Corp acquired a new stake in RADCOM during the fourth quarter worth $269,000. Institutional investors own 48.32% of the company's stock.
About RADCOM
(
Get 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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