StockNews.com downgraded shares of RADCOM (NASDAQ:RDCM - Free Report) from a strong-buy rating to a buy rating in a research report report published on Wednesday.
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $16.00 price objective on shares of RADCOM in a report on Friday, January 17th.
Check Out Our Latest Stock Report on RDCM
RADCOM Price Performance
NASDAQ:RDCM traded up $0.15 during trading hours on Wednesday, hitting $12.13. The stock had a trading volume of 100,733 shares, compared to its average volume of 114,414. The firm has a market capitalization of $189.98 million, a price-to-earnings ratio of 27.57 and a beta of 0.90. RADCOM has a one year low of $8.52 and a one year high of $15.98. The company has a 50 day simple moving average of $13.03 and a two-hundred day simple moving average of $11.48.
RADCOM (NASDAQ:RDCM - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Equities research analysts anticipate that RADCOM will post 0.54 earnings per share for the current year.
Institutional Trading of RADCOM
A number of hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in RADCOM during the fourth quarter valued at approximately $31,000. JPMorgan Chase & Co. grew its holdings in shares of RADCOM by 1,433.3% during the 4th 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 purchased a new position in RADCOM in the 4th quarter worth $62,000. Prudential Financial Inc. purchased a new position in RADCOM in the 4th quarter worth $183,000. Finally, Northern Trust Corp bought a new stake in RADCOM in 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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