RADCOM (NASDAQ:RDCM) Upgraded at StockNews.com

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM - Free Report) from a buy rating to a strong-buy rating in a research note issued to investors on Tuesday morning.

Separately, Needham & Company LLC reissued a "buy" rating and issued a $16.00 price objective on shares of RADCOM in a research note on Friday, January 17th.

RADCOM Trading Down 1.6 %

Shares of NASDAQ RDCM traded down $0.18 during trading hours on Tuesday, reaching $10.80. The stock had a trading volume of 41,431 shares, compared to its average volume of 50,258. RADCOM has a 52-week low of $8.52 and a 52-week high of $15.98. The firm has a market cap of $169.15 million, a price-to-earnings ratio of 24.55 and a beta of 0.77. The business's fifty day moving average price is $11.66 and its two-hundred day moving average price is $11.90.

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 anticipate that RADCOM will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RADCOM

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its holdings in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company's stock valued at $3,871,000 after buying an additional 9,147 shares in the last quarter. Legato Capital Management LLC purchased a new stake in RADCOM during the fourth quarter valued at approximately $848,000. Acuitas Investments LLC boosted its stake in RADCOM by 21.6% in the fourth 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 in the last quarter. Essex Investment Management Co. LLC purchased a new position in RADCOM in the fourth quarter worth $2,832,000. Finally, Value Base Ltd. purchased a new position in RADCOM in the fourth quarter worth $10,330,000. Hedge funds and other institutional investors own 48.32% of the company's stock.

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.