RADCOM (NASDAQ:RDCM) Downgraded by StockNews.com to “Buy”

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

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

RADCOM Price Performance

Shares of RDCM opened at $11.99 on Wednesday. RADCOM has a 1-year low of $8.52 and a 1-year high of $15.98. The company has a 50-day moving average of $12.96 and a 200 day moving average of $11.66. The firm has a market capitalization of $187.79 million, a price-to-earnings ratio of 27.25 and a beta of 0.93.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share 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, equities analysts anticipate that RADCOM will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of RADCOM

Large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its stake in shares of RADCOM by 3.0% in the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after purchasing an additional 9,147 shares during the period. Legato Capital Management LLC purchased a new stake in shares of RADCOM during the fourth quarter worth $848,000. Acuitas Investments LLC grew its holdings in shares of 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 buying an additional 32,631 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of RADCOM during the fourth quarter worth $2,832,000. Finally, Value Base Ltd. purchased a new stake in shares of RADCOM during the fourth quarter worth $10,330,000. Hedge funds and other institutional investors 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.