RADCOM (NASDAQ:RDCM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research note issued on Friday.
Separately, Needham & Company LLC reiterated a "buy" rating and set a $16.00 price objective on shares of RADCOM in a research note on Friday, January 17th.
Check Out Our Latest Research Report on RADCOM
RADCOM Trading Up 3.5 %
RDCM stock traded up $0.39 during midday trading on Friday, hitting $11.69. The stock had a trading volume of 55,667 shares, compared to its average volume of 51,280. The firm has a market capitalization of $183.09 million, a price-to-earnings ratio of 26.57 and a beta of 0.93. RADCOM has a 52 week low of $8.52 and a 52 week high of $15.98. The stock has a 50-day simple moving average of $12.99 and a 200 day simple moving average of $11.56.
RADCOM (NASDAQ:RDCM - Get Free Report) last released 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 return on equity of 8.18% and a net margin of 11.42%. On average, equities analysts forecast that RADCOM will post 0.54 EPS for the current year.
Institutional Investors Weigh In On RADCOM
Several institutional investors have recently bought and sold shares of RDCM. Legato Capital Management LLC acquired a new position in shares of RADCOM during the 4th quarter worth approximately $848,000. Janney Montgomery Scott LLC increased its position in shares of RADCOM by 30.2% during the 3rd 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. Acuitas Investments LLC increased its position in shares of RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company's stock worth $2,268,000 after purchasing an additional 32,631 shares during the last quarter. JPMorgan Chase & Co. increased its position 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 worth $57,000 after purchasing an additional 4,300 shares during the last quarter. Finally, State of Tennessee Department of Treasury acquired a new position in shares of RADCOM during the 4th quarter worth approximately $62,000. 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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