RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 14,900 shares, a growth of 22.1% from the March 31st total of 12,200 shares. Based on an average daily volume of 30,300 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the company’s stock are sold short.
NASDAQ RDCM traded down $0.47 during trading on Tuesday, reaching $9.23. 8,297 shares of the company’s stock were exchanged, compared to its average volume of 27,218. The stock has a market capitalization of $128.58 million, a P/E ratio of -27.97 and a beta of 1.07. RADCOM has a fifty-two week low of $6.59 and a fifty-two week high of $12.65. The business has a 50 day moving average price of $9.52 and a 200-day moving average price of $9.79.
RADCOM (NASDAQ:RDCM) last issued its quarterly earnings data on Wednesday, February 17th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. RADCOM had a negative return on equity of 6.40% and a negative net margin of 12.72%. The business had revenue of $10.25 million for the quarter, compared to analyst estimates of $9.20 million. On average, analysts forecast that RADCOM will post -0.32 earnings per share for the current year.
A number of hedge funds have recently added to or reduced their stakes in RDCM. Taylor Frigon Capital Management LLC raised its position in shares of RADCOM by 3.5% in the 1st quarter. Taylor Frigon Capital Management LLC now owns 418,512 shares of the technology company’s stock worth $4,135,000 after acquiring an additional 14,018 shares in the last quarter. Norges Bank acquired a new stake in RADCOM in the fourth quarter worth $2,041,000. Russell Investments Group Ltd. boosted its position in shares of RADCOM by 5.6% during the 4th quarter. Russell Investments Group Ltd. now owns 499,192 shares of the technology company’s stock worth $5,461,000 after purchasing an additional 26,626 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in RADCOM by 59.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 78,640 shares of the technology company’s stock worth $861,000 after buying an additional 29,350 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in RADCOM during the fourth quarter worth $736,000. Institutional investors and hedge funds own 22.02% of the company’s stock.
RADCOM Company Profile
RADCOM Ltd. provides 5G ready cloud-native network intelligence and service assurance solutions for telecom operators or communication service providers (CSPs). The company provides RADCOM ACE comprise RADCOM Service Assurance, a cloud-native, 5G-ready, fully 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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