RADCOM (NASDAQ:RDCM) Lowered to “Buy” Rating by StockNews.com

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

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

RADCOM Trading Up 3.5 %

RDCM stock opened at $11.69 on Friday. RADCOM has a twelve month low of $8.52 and a twelve month high of $15.98. The company’s 50 day moving average is $12.99 and its two-hundred day moving average is $11.53. The stock has a market cap of $183.09 million, a P/E ratio of 26.57 and a beta of 0.93.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share 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%. On average, equities research analysts predict that RADCOM will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

Hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in shares of RADCOM during the fourth quarter worth approximately $31,000. JPMorgan Chase & Co. grew its position in shares of RADCOM by 1,433.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock worth $57,000 after acquiring an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury purchased a new position in shares of RADCOM during the fourth quarter worth approximately $62,000. Prudential Financial Inc. purchased a new position in shares of RADCOM during the fourth quarter worth approximately $183,000. Finally, Northern Trust Corp purchased a new position in shares of RADCOM during the fourth quarter worth approximately $269,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Company Profile

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.