Radcom (NASDAQ:RDCM) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Radcom (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday.

A number of other research firms also recently weighed in on RDCM. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a research report on Monday, December 22nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Radcom in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.00.

Radcom Stock Down 0.5%

NASDAQ RDCM opened at $11.20 on Friday. The stock’s 50-day simple moving average is $12.31 and its two-hundred day simple moving average is $13.11. Radcom has a twelve month low of $9.88 and a twelve month high of $15.15. The company has a market capitalization of $183.79 million, a price-to-earnings ratio of 15.56 and a beta of 0.58.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. bought a new stake in shares of Radcom in the 2nd quarter valued at about $34,000. New York State Common Retirement Fund bought a new position in Radcom during the 3rd quarter worth approximately $76,000. Lazard Asset Management LLC grew its position in Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after acquiring an additional 5,135 shares during the last quarter. Bank of America Corp DE increased its stake in Radcom by 93.8% in the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after purchasing an additional 4,364 shares during the period. Finally, Cox Capital Mgt LLC purchased a new position in Radcom in the 3rd quarter worth approximately $145,000. 48.32% of the stock is owned by institutional investors.

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.