RADCOM (NASDAQ:RDCM) Share Price Passes Above 200-Day Moving Average - What's Next?

RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) passed 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 changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of RADCOM from a "strong-buy" rating to a "buy" rating in a report on Wednesday, March 19th. Needham & Company LLC reiterated a "buy" rating and issued a $16.00 price objective on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Trading Down 4.6 %

The stock has a market cap of $167.27 million, a PE ratio of 24.27 and a beta of 0.93. The business has a fifty day simple moving average of $12.60 and a two-hundred day simple moving average of $11.85.

RADCOM (NASDAQ:RDCM - Get Free Report) last posted its quarterly 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%. On average, research analysts predict that RADCOM Ltd. will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

A number of hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio bought a new position in shares of RADCOM during the fourth quarter valued at $31,000. JPMorgan Chase & Co. raised its holdings in shares of RADCOM by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company's stock valued at $57,000 after purchasing an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in RADCOM during the fourth quarter valued at approximately $62,000. Prudential Financial Inc. purchased a new stake in RADCOM in the fourth quarter worth approximately $183,000. Finally, Northern Trust Corp bought a new stake in RADCOM in the 4th quarter worth approximately $269,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

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.