Radcom Ltd. (NASDAQ:RDCM) Sees Significant Growth in Short Interest

Radcom Ltd. (NASDAQ:RDCM) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 352,333 shares, an increase of 134.0% from the June 15th total of 150,538 shares. Based on an average daily trading volume, of 209,544 shares, the days-to-cover ratio is presently 1.7 days. Approximately 6.8% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Radcom presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Price Performance

RDCM traded down $0.19 on Thursday, reaching $13.80. 28,119 shares of the stock were exchanged, compared to its average volume of 143,910. The company’s 50-day moving average price is $14.15 and its 200 day moving average price is $13.07. The firm has a market capitalization of $231.01 million, a PE ratio of 18.40 and a beta of 0.71. Radcom has a fifty-two week low of $10.41 and a fifty-two week high of $16.74.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Radcom had a return on equity of 11.68% and a net margin of 17.18%.The firm had revenue of $18.59 million during the quarter, compared to analysts’ expectations of $18.61 million. As a group, equities analysts forecast that Radcom will post 0.84 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Radcom

A number of institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new stake in Radcom during the 1st quarter valued at approximately $369,000. Lazard Asset Management LLC purchased a new position in shares of Radcom during the first quarter worth $236,000. Private Advisor Group LLC raised its holdings in shares of Radcom by 2.1% during the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after purchasing an additional 7,372 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in Radcom by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock valued at $3,982,000 after purchasing an additional 5,380 shares during the period. Finally, State of Tennessee Department of Treasury boosted its holdings in Radcom by 37.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock valued at $262,000 after purchasing an additional 5,700 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.