RADCOM (NASDAQ:RDCM) Downgraded to Buy Rating by StockNews.com

StockNews.com downgraded shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research note published on Wednesday morning.

Separately, Needham & Company LLC restated a “buy” rating and issued a $16.00 price target on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Performance

Shares of RDCM stock opened at $12.68 on Wednesday. The firm has a market capitalization of $198.59 million, a price-to-earnings ratio of 28.82 and a beta of 0.93. RADCOM has a one year low of $8.52 and a one year high of $15.98. The company has a 50 day moving average price of $12.97 and a 200 day moving average price of $11.66.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. As a group, equities analysts forecast that RADCOM will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. AWM Investment Company Inc. lifted its holdings in RADCOM by 2.8% in the 4th quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock worth $12,252,000 after buying an additional 27,394 shares in the last quarter. Value Base Ltd. acquired a new stake in RADCOM during the 4th quarter valued at approximately $10,330,000. Janney Montgomery Scott LLC increased its holdings in RADCOM by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 9,147 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of RADCOM by 8.5% in the 4th quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company’s stock valued at $2,945,000 after purchasing an additional 18,600 shares in the last quarter. Finally, Essex Investment Management Co. LLC purchased a new position in shares of RADCOM during the 4th quarter valued at approximately $2,832,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

About RADCOM

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.