Radcom Ltd. (NASDAQ:RDCM) Short Interest Update

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 105,612 shares, an increase of 49.5% from the January 29th total of 70,658 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average daily trading volume, of 127,368 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 127,368 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the company’s stock are sold short.

Analyst Ratings Changes

RDCM has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 target price on shares of Radcom in a report on Wednesday, February 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a research note on Monday, December 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.00.

Institutional Investors Weigh In On Radcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC bought a new position in Radcom during the third quarter worth about $4,058,000. Lynrock Lake LP raised its position in shares of Radcom by 7.7% in the fourth quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after purchasing an additional 175,094 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in shares of Radcom during the 4th quarter valued at approximately $1,334,000. Marshall Wace LLP boosted its holdings in Radcom by 58.1% in the 4th quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after buying an additional 71,873 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Radcom by 67.1% in the 4th quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock valued at $2,230,000 after buying an additional 68,420 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors.

Radcom Stock Down 1.7%

Shares of RDCM stock opened at $11.39 on Friday. The firm has a market cap of $186.91 million, a P/E ratio of 15.82 and a beta of 0.56. The company has a 50 day moving average of $12.51 and a 200-day moving average of $13.17. Radcom has a 12-month low of $9.88 and a 12-month high of $15.15.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The business had revenue of $18.86 million during the quarter, compared to analyst estimates of $18.46 million. Radcom had a return on equity of 11.53% and a net margin of 16.77%. As a group, equities analysts expect that Radcom will post 0.54 EPS for the current year.

About Radcom

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.