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

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

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

RADCOM Stock Performance

RDCM stock opened at $11.30 on Friday. RADCOM has a one year low of $8.52 and a one year high of $15.98. The firm has a market cap of $176.98 million, a price-to-earnings ratio of 25.68 and a beta of 0.90. The firm has a 50-day simple moving average of $12.99 and a two-hundred day simple moving average of $11.52.

RADCOM (NASDAQ:RDCM) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS 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%. As a group, equities analysts predict that RADCOM will post 0.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On RADCOM

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after purchasing an additional 70,544 shares during the last quarter. Legato Capital Management LLC purchased a new stake in shares of RADCOM during the fourth quarter valued at $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 valued at $2,268,000 after buying an additional 32,631 shares during the last quarter. Essex Investment Management Co. LLC acquired a new position in shares of RADCOM in the 4th quarter valued at $2,832,000. Finally, Value Base Ltd. purchased a new position in RADCOM in the 4th quarter worth $10,330,000. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.