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

Shares of RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $11.82 and traded as high as $11.91. RADCOM shares last traded at $11.43, with a volume of 35,112 shares traded.

Analyst Ratings Changes

RDCM has been the subject of a number of research reports. StockNews.com cut shares of RADCOM from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, March 19th. Needham & Company LLC reissued a "buy" rating and set a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Price Performance

The company has a market capitalization of $181.68 million, a price-to-earnings ratio of 26.36 and a beta of 0.93. The firm's fifty day simple moving average is $12.75 and its 200 day simple moving average is $11.83.

RADCOM (NASDAQ:RDCM - Get Free Report) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. Equities research analysts forecast that RADCOM Ltd. will post 0.54 earnings per share for the current fiscal year.

Remove Ads

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of RDCM. Janney Montgomery Scott LLC raised its position in shares of RADCOM by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company's stock valued at $3,871,000 after acquiring an additional 9,147 shares during the last quarter. Legato Capital Management LLC acquired a new position in shares of RADCOM during the 4th quarter worth about $848,000. Acuitas Investments LLC raised its stake in RADCOM by 21.6% in the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock valued at $2,268,000 after acquiring an additional 32,631 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of RADCOM in the fourth quarter valued at approximately $2,832,000. Finally, Value Base Ltd. acquired a new position in shares of RADCOM in the fourth quarter valued at about $10,330,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.