RADCOM (NASDAQ:RDCM) Shares Cross Above Two Hundred Day Moving Average - What's Next?

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.71 and traded as high as $10.74. RADCOM shares last traded at $10.67, with a volume of 38,505 shares trading hands.

Analyst Ratings Changes

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

RADCOM Trading Down 1.4 %

The business has a 50 day moving average price of $10.18 and a 200-day moving average price of $9.71. The firm has a market capitalization of $164.74 million, a PE ratio of 33.94 and a beta of 0.86.

RADCOM (NASDAQ:RDCM - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.12 EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $14.10 million. On average, equities research analysts forecast that RADCOM Ltd. will post 0.37 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quadrature Capital Ltd acquired a new stake in RADCOM in the 1st quarter worth about $159,000. Acadian Asset Management LLC raised its stake in RADCOM by 6.2% during the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company's stock worth $881,000 after purchasing an additional 5,628 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock valued at $1,301,000 after purchasing an additional 4,935 shares during the last quarter. Janney Montgomery Scott LLC grew 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 valued at $3,017,000 after buying an additional 141,079 shares during the period. Finally, AWM Investment Company Inc. increased 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 worth $9,383,000 after buying an additional 45,000 shares during the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

RADCOM Company Profile

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.