RADCOM (NASDAQ:RDCM) Stock Passes Above 200-Day Moving Average of $9.39

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 $9.39 and traded as high as $9.65. RADCOM shares last traded at $9.53, with a volume of 28,257 shares traded.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on RDCM shares. StockNews.com upgraded shares of RADCOM from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $14.00 price target on shares of RADCOM in a research report on Thursday, May 16th.

RADCOM Price Performance

The company has a market cap of $147.43 million, a price-to-earnings ratio of 38.12 and a beta of 0.80. The business’s fifty day moving average price is $9.28 and its 200 day moving average price is $9.39.

RADCOM (NASDAQ:RDCM) last released its earnings results on Wednesday, May 15th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.04). The firm had revenue of $14.12 million during the quarter, compared to analyst estimates of $13.50 million. RADCOM had a net margin of 7.18% and a return on equity of 5.36%. As a group, equities research analysts anticipate that RADCOM Ltd. will post 0.34 EPS for the current year.

Hedge Funds Weigh In On RADCOM

Several hedge funds and other institutional investors have recently bought and sold shares of RDCM. AWM Investment Company Inc. raised its holdings in shares of RADCOM by 5.7% during the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after purchasing an additional 45,000 shares during the period. Inflection Point Investments LLP acquired a new position in shares of RADCOM during the fourth quarter valued at about $4,883,000. Janney Montgomery Scott LLC raised its holdings in shares of RADCOM by 109.2% during the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock valued at $3,017,000 after purchasing an additional 141,079 shares during the period. P.A.W. Capital Corp raised its holdings in shares of RADCOM by 56.3% during the fourth quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 90,000 shares during the period. Finally, Russell Investments Group Ltd. raised its holdings in shares of RADCOM by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 4,935 shares during the period. 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.