StockNews.com Upgrades RADCOM (NASDAQ:RDCM) to Strong-Buy

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

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

RADCOM Trading Down 4.3 %

Shares of NASDAQ RDCM opened at $13.49 on Friday. The company has a market cap of $211.25 million, a price-to-earnings ratio of 28.70 and a beta of 0.90. RADCOM has a 12 month low of $8.52 and a 12 month high of $15.98. The stock has a 50-day moving average price of $12.84 and a two-hundred day moving average price of $11.27.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a return on equity of 8.90% and a net margin of 12.44%. On average, sell-side analysts predict that RADCOM will post 0.42 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

Several institutional investors and hedge funds have recently added to or reduced their stakes in RDCM. Northern Trust Corp bought a new stake in shares of RADCOM in the fourth quarter worth $269,000. State of Tennessee Department of Treasury bought a new stake in shares of RADCOM in the 4th quarter valued at about $62,000. Marshall Wace LLP increased its stake in shares of RADCOM by 61.0% in the fourth quarter. Marshall Wace LLP now owns 51,325 shares of the technology company’s stock valued at $634,000 after buying an additional 19,438 shares during the period. Walleye Capital LLC bought a new position in shares of RADCOM during the fourth quarter worth about $681,000. Finally, Renaissance Technologies LLC lifted its stake in shares of RADCOM by 8.5% in the fourth quarter. Renaissance Technologies LLC now owns 238,233 shares of the technology company’s stock worth $2,945,000 after acquiring an additional 18,600 shares during the period. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.