Radcom Ltd. (NASDAQ:RDCM) Sees Significant Increase in Short Interest

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 105,612 shares, a growth of 49.5% from the January 29th total of 70,658 shares. Currently, 2.1% of the company’s shares are sold short. Based on an average daily volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

RDCM has been the topic of several recent analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price objective on shares of Radcom in a research note on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RDCM. Corton Capital Inc. acquired a new stake in shares of Radcom in the 2nd quarter worth about $210,000. Acadian Asset Management LLC grew its stake in shares of Radcom by 13.3% in the 2nd quarter. Acadian Asset Management LLC now owns 326,110 shares of the technology company’s stock worth $4,406,000 after acquiring an additional 38,284 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Radcom by 20.5% in the 2nd quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock worth $1,497,000 after acquiring an additional 18,708 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Radcom in the second quarter valued at about $165,000. Finally, Raymond James Financial Inc. bought a new position in shares of Radcom during the second quarter valued at about $34,000. 48.32% of the stock is owned by institutional investors.

Radcom Trading Down 1.7%

RDCM opened at $11.39 on Friday. The company has a fifty day moving average price of $12.51 and a two-hundred day moving average price of $13.17. Radcom has a 1-year low of $9.88 and a 1-year high of $15.15. The company has a market cap of $186.91 million, a P/E ratio of 15.82 and a beta of 0.56.

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

About Radcom

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.