RADCOM (NASDAQ:RDCM) Stock Passes Above 200-Day Moving Average – Here’s What Happened

RADCOM Ltd. (NASDAQ:RDCM) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.65 and traded as high as $10.53. RADCOM shares last traded at $10.10, with a volume of 35,835 shares changing hands.

Wall Street Analyst Weigh In

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

RADCOM Stock Down 4.6 %

The firm has a fifty day moving average price of $10.08 and a two-hundred day moving average price of $9.65. The stock has a market capitalization of $158.17 million, a P/E ratio of 32.58 and a beta of 0.87.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.04. The business had revenue of $14.80 million during the quarter, compared to analyst estimates of $14.10 million. RADCOM had a net margin of 8.52% and a return on equity of 6.25%. Sell-side analysts anticipate that RADCOM Ltd. will post 0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RADCOM

Hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 109.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock worth $3,017,000 after purchasing an additional 141,079 shares in the last quarter. Russell Investments Group Ltd. boosted its position 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 buying an additional 4,935 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of RADCOM by 34.1% during the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock valued at $987,000 after buying an additional 22,923 shares during the last quarter. Quadrature Capital Ltd bought a new stake in RADCOM in the 1st quarter worth about $159,000. Finally, AWM Investment Company Inc. raised its position in RADCOM by 5.7% in the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after buying an additional 45,000 shares during the last quarter. 48.32% of the stock is currently 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.