StockNews.com Upgrades RADCOM (NASDAQ:RDCM) to Strong-Buy

RADCOM (NASDAQ:RDCM) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Friday.

Separately, Needham & Company LLC lifted their price objective on shares of RADCOM from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday.

RADCOM Stock Up 1.5%

RDCM opened at $13.27 on Friday. The firm has a market capitalization of $207.83 million, a P/E ratio of 30.16 and a beta of 0.71. The firm’s 50 day moving average is $11.66 and its 200-day moving average is $12.10. RADCOM has a 52-week low of $8.87 and a 52-week high of $15.98.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Equities analysts expect that RADCOM will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of RADCOM

A number of hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. grew its position in shares of RADCOM by 2.8% during the fourth quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock worth $12,252,000 after buying an additional 27,394 shares in the last quarter. Value Base Ltd. acquired a new stake in shares of RADCOM during the fourth quarter worth approximately $10,330,000. Janney Montgomery Scott LLC grew its position in shares of RADCOM by 3.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock worth $3,871,000 after buying an additional 9,147 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of RADCOM by 8.5% during the fourth quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company’s stock worth $2,945,000 after buying an additional 18,600 shares in the last quarter. Finally, Essex Investment Management Co. LLC acquired a new stake in shares of RADCOM during the fourth quarter worth approximately $2,832,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

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.