RADCOM (NASDAQ:RDCM) Upgraded by StockNews.com to Strong-Buy Rating

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

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

RADCOM Price Performance

RDCM opened at $13.49 on Friday. RADCOM has a 12 month low of $8.52 and a 12 month high of $15.98. The stock has a market capitalization of $211.25 million, a price-to-earnings ratio of 28.70 and a beta of 0.90. The business has a fifty day moving average price of $12.83 and a 200 day moving average price of $11.23.

RADCOM (NASDAQ:RDCM) 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 8.90% and a net margin of 12.44%. On average, research analysts anticipate that RADCOM will post 0.42 earnings per share for the current year.

Institutional Trading of RADCOM

Institutional investors and hedge funds have recently made changes to their positions in the company. Legato Capital Management LLC purchased a new stake in shares of RADCOM in the 4th quarter valued at about $848,000. Janney Montgomery Scott LLC lifted its holdings in shares of RADCOM by 30.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after purchasing an additional 70,544 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury purchased a new stake in shares of RADCOM in the 4th quarter valued at about $62,000. Finally, Marshall Wace LLP lifted its holdings in shares of RADCOM by 61.0% in the 4th quarter. Marshall Wace LLP now owns 51,325 shares of the technology company’s stock valued at $634,000 after purchasing an additional 19,438 shares during the last quarter. 48.32% of the stock is 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.