RADCOM (NASDAQ:RDCM) Stock Rating Lowered by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.

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

RADCOM Stock Down 2.9 %

NASDAQ RDCM opened at $11.98 on Wednesday. The stock’s 50 day moving average is $13.02 and its 200 day moving average is $11.45. The firm has a market capitalization of $187.63 million, a PE ratio of 27.23 and a beta of 0.90. RADCOM has a twelve month low of $8.52 and a twelve month high of $15.98.

RADCOM (NASDAQ:RDCM) last announced its earnings results on Wednesday, February 12th. The technology company reported $0.14 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%. On average, research analysts anticipate that RADCOM will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On RADCOM

A number of institutional investors have recently modified their holdings of RDCM. Public Employees Retirement System of Ohio bought a new position in RADCOM in the 4th quarter worth about $31,000. JPMorgan Chase & Co. raised its holdings in RADCOM by 1,433.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock worth $57,000 after buying an additional 4,300 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in shares of RADCOM in the fourth quarter worth approximately $62,000. Russell Investments Group Ltd. grew its holdings in shares of RADCOM by 6.2% during the fourth quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company’s stock valued at $1,367,000 after buying an additional 6,436 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased 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 valued at $3,871,000 after acquiring an additional 9,147 shares in the last quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.