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

Shares of Radcom Ltd. (NASDAQ:RDCM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.99 and traded as high as $13.49. Radcom shares last traded at $13.43, with a volume of 248,387 shares traded.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Trading Up 6.8%

The firm has a market capitalization of $224.82 million, a price-to-earnings ratio of 17.91 and a beta of 0.71. The stock’s 50 day moving average price is $14.27 and its two-hundred day moving average price is $12.99.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Radcom had a net margin of 17.18% and a return on equity of 11.68%. The business had revenue of $18.59 million during the quarter, compared to the consensus estimate of $18.61 million. On average, sell-side analysts forecast that Radcom Ltd. will post 0.84 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new position in Radcom in the 3rd quarter valued at approximately $4,058,000. Lynrock Lake LP boosted its position in Radcom by 7.7% during the fourth quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after purchasing an additional 175,094 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in Radcom during the fourth quarter worth $1,334,000. Marshall Wace LLP grew its holdings in Radcom by 58.1% in the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock valued at $2,558,000 after purchasing an additional 71,873 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Radcom by 67.1% in the fourth quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock valued at $2,230,000 after purchasing an additional 68,420 shares during the last quarter. 48.32% of the stock is owned by hedge funds and other 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.