Radcom (NASDAQ:RDCM) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Radcom Ltd. (NASDAQ:RDCM) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.94 and traded as high as $14.93. Radcom shares last traded at $14.91, with a volume of 224,185 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on RDCM. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Radcom in a report on Wednesday, February 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Stock Performance

The firm has a market capitalization of $249.59 million, a P/E ratio of 19.88 and a beta of 0.75. The stock has a 50-day moving average of $13.79 and a 200 day moving average of $12.94.

Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. On average, equities analysts predict that Radcom Ltd. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Radcom

A number of large investors have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in Radcom by 1.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 101,990 shares of the technology company’s stock worth $1,477,000 after acquiring an additional 1,542 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Radcom during the 2nd quarter worth approximately $34,000. Janney Montgomery Scott LLC boosted its position in Radcom by 1.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after buying an additional 3,750 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Radcom by 20.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 24,026 shares of the technology company’s stock valued at $314,000 after buying an additional 4,140 shares during the last quarter. Finally, Bank of America Corp DE boosted its position 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 valued at $131,000 after buying an additional 4,364 shares during the last quarter. 48.32% of the stock is currently 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.