Radcom’s (RDCM) “Buy” Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of Radcom (NASDAQ:RDCM) in a research note published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $18.00 price objective on the technology company’s stock.

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Performance

RDCM opened at $12.06 on Wednesday. The stock has a market capitalization of $197.86 million, a price-to-earnings ratio of 16.75 and a beta of 0.56. The company has a fifty day moving average of $12.89 and a 200 day moving average of $13.29. Radcom has a fifty-two week low of $9.88 and a fifty-two week high of $15.15.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.23 by $0.08. The business had revenue of $18.86 million for the quarter, compared to analysts’ expectations of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. On average, equities research analysts forecast that Radcom will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On Radcom

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Value Base Ltd. boosted its stake in shares of Radcom by 3.5% during the 2nd quarter. Value Base Ltd. now owns 865,009 shares of the technology company’s stock worth $11,755,000 after purchasing an additional 29,275 shares during the period. Acadian Asset Management LLC lifted its stake in Radcom by 13.3% in the second quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company’s stock worth $4,406,000 after purchasing an additional 38,284 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Radcom by 1.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 322,099 shares of the technology company’s stock valued at $4,213,000 after buying an additional 3,750 shares during the period. Herald Investment Management Ltd grew its stake in shares of Radcom by 9.1% during the third quarter. Herald Investment Management Ltd now owns 300,000 shares of the technology company’s stock valued at $4,272,000 after buying an additional 25,000 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of Radcom in the third quarter worth approximately $4,058,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Radcom Company Profile

Radcom Ltd. (NASDAQ: RDCM) is a provider of cloud-based service assurance and analytics solutions designed to help communications service providers monitor and optimize the performance of their networks. Its flagship product, RADCOM ACE, delivers real-time visibility into service quality, subscriber experience and network resource utilization across traditional and virtualized architectures. By combining packet-level data collection with advanced analytics and machine-learning algorithms, Radcom enables carriers to detect, troubleshoot and resolve network and service issues before they impact end users.

Founded in 1991 and headquartered in Tel Aviv, Israel, Radcom has evolved from an early vendor of network testing equipment into a specialist in end-to-end assurance for voice, data, video and next-generation services.