RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the target of a significant decrease in short interest in September. As of September 15th, there was short interest totalling 8,000 shares, a decrease of 57.2% from the August 31st total of 18,700 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 31,400 shares, the short-interest ratio is currently 0.3 days.

RADCOM Stock Down 0.6 %

Shares of NASDAQ:RDCM traded down $0.06 during midday trading on Thursday, hitting $10.00. The stock had a trading volume of 18,925 shares, compared to its average volume of 35,300. The company has a market cap of $154.71 million, a P/E ratio of 40.00 and a beta of 0.86. RADCOM has a 12 month low of $7.52 and a 12 month high of $12.10. The business’s 50-day simple moving average is $9.78 and its 200-day simple moving average is $9.72.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The company had revenue of $14.80 million during the quarter, compared to the consensus estimate of $14.10 million. RADCOM had a net margin of 8.52% and a return on equity of 6.25%. As a group, equities analysts predict that RADCOM will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Needham & Company LLC restated a “buy” rating and issued a $14.00 price target on shares of RADCOM in a research note on Thursday, August 8th.

Hedge Funds Weigh In On RADCOM

Hedge funds and other institutional investors have recently bought and sold shares of the business. AWM Investment Company Inc. raised its stake in RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after buying an additional 45,000 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 109.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock worth $3,017,000 after acquiring an additional 141,079 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after acquiring an additional 4,935 shares during the last quarter. Acadian Asset Management LLC raised its stake in RADCOM by 6.2% in the 2nd quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock valued at $881,000 after acquiring an additional 5,628 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in RADCOM during the 1st quarter valued at $159,000. Institutional investors 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.