RADCOM (NASDAQ:RDCM) Lowered 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 report report published on Friday morning.

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

RADCOM Price Performance

RDCM stock opened at $11.69 on Friday. The business has a 50 day simple moving average of $12.99 and a 200-day simple moving average of $11.56. The firm has a market capitalization of $183.09 million, a PE ratio of 26.57 and a beta of 0.93. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. On average, equities research analysts expect that RADCOM will post 0.54 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio purchased a new position in RADCOM in the fourth quarter worth approximately $31,000. AWM Investment Company Inc. lifted its stake in RADCOM by 2.8% during the fourth quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock worth $12,252,000 after purchasing an additional 27,394 shares in the last quarter. Millennium Management LLC lifted its stake in RADCOM by 171.6% during the fourth quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock worth $711,000 after purchasing an additional 36,333 shares in the last quarter. Citadel Advisors LLC lifted its stake in RADCOM by 101.1% during the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company’s stock worth $483,000 after purchasing an additional 19,653 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in RADCOM during the fourth quarter worth $269,000. 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.