StockNews.com Downgrades RADCOM (NASDAQ:RDCM) to Buy

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

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

RADCOM Stock Down 3.7 %

RDCM opened at $11.30 on Friday. The business has a fifty day moving average of $12.99 and a 200 day moving average of $11.52. The stock has a market cap of $176.98 million, a P/E ratio of 25.68 and a beta of 0.90. RADCOM has a 52-week low of $8.52 and a 52-week high of $15.98.

RADCOM (NASDAQ:RDCM) last released its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. Equities analysts anticipate that RADCOM will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On RADCOM

A number of hedge funds and other institutional investors have recently made changes to their positions in RDCM. Public Employees Retirement System of Ohio purchased a new stake in RADCOM in the fourth quarter worth about $31,000. AWM Investment Company Inc. raised its holdings in shares of RADCOM by 2.8% in the 4th quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock valued at $12,252,000 after purchasing an additional 27,394 shares in the last quarter. Millennium Management LLC lifted its position in shares of RADCOM by 171.6% in the 4th quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock worth $711,000 after purchasing an additional 36,333 shares during the period. Citadel Advisors LLC boosted its stake in shares of RADCOM by 101.1% during the fourth quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company’s stock valued at $483,000 after purchasing an additional 19,653 shares in the last quarter. Finally, Northern Trust Corp purchased a new position in RADCOM during the fourth quarter valued at approximately $269,000. 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.