RADCOM (NASDAQ:RDCM) Upgraded to Strong-Buy at StockNews.com

RADCOM (NASDAQ:RDCM - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a note issued to investors on Friday.

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

RADCOM Stock Performance

Shares of NASDAQ:RDCM traded down $0.60 during midday trading on Friday, hitting $13.49. The company's stock had a trading volume of 112,155 shares, compared to its average volume of 111,403. The business's 50 day simple moving average is $12.84 and its 200 day simple moving average is $11.28. The company has a market cap of $211.25 million, a P/E ratio of 28.70 and a beta of 0.90. RADCOM has a 12-month low of $8.52 and a 12-month high of $15.98.

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 8.90% and a net margin of 12.44%. On average, sell-side analysts predict that RADCOM will post 0.42 earnings per share for the current fiscal year.

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Institutional Investors Weigh In On RADCOM

Several hedge funds and other institutional investors have recently bought and sold shares of RDCM. Janney Montgomery Scott LLC increased its position in RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company's stock worth $3,144,000 after purchasing an additional 70,544 shares during the last quarter. Legato Capital Management LLC acquired a new stake in RADCOM during the fourth quarter worth about $848,000. Acuitas Investments LLC increased its position in shares of RADCOM by 21.6% during 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 during the last quarter. Essex Investment Management Co. LLC acquired a new stake in shares of RADCOM during the fourth quarter valued at about $2,832,000. Finally, Value Base Ltd. acquired a new stake in shares of RADCOM during the fourth quarter valued at about $10,330,000. 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.