RADCOM (NASDAQ:RDCM) Upgraded to “Strong-Buy” at StockNews.com

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

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of RADCOM in a report on Friday, January 17th.

RADCOM Stock Performance

Shares of RDCM opened at $14.09 on Friday. The stock has a market capitalization of $220.65 million, a PE ratio of 29.98 and a beta of 0.90. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98. The company’s 50-day simple moving average is $12.79 and its 200-day simple moving average is $11.21.

RADCOM (NASDAQ:RDCM) last issued its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.90% and a net margin of 12.44%. On average, sell-side analysts predict that RADCOM will post 0.42 earnings per share for the current year.

Institutional Trading of RADCOM

Several hedge funds have recently added to or reduced their stakes in RDCM. Janney Montgomery Scott LLC raised its holdings in RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after acquiring an additional 70,544 shares in the last quarter. Legato Capital Management LLC acquired a new stake in RADCOM during the fourth quarter worth approximately $848,000. Acuitas Investments LLC raised its holdings in RADCOM by 21.6% during the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock worth $2,268,000 after purchasing an additional 32,631 shares in the last quarter. Essex Investment Management Co. LLC acquired a new stake in RADCOM during the fourth quarter worth approximately $2,832,000. Finally, Value Base Ltd. acquired a new stake in RADCOM during the fourth quarter worth approximately $10,330,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

RADCOM Company Profile

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.