RADCOM (NASDAQ:RDCM) Upgraded at StockNews.com

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a research report report published on Thursday morning.

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

RADCOM Stock Performance

Shares of RDCM opened at $12.56 on Thursday. The stock has a 50 day moving average price of $11.52 and a 200 day moving average price of $12.00. RADCOM has a one year low of $8.87 and a one year high of $15.98. The stock has a market capitalization of $196.71 million, a price-to-earnings ratio of 28.55 and a beta of 0.71.

RADCOM (NASDAQ:RDCM) last released its earnings results 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 8.18% and a net margin of 11.42%. On average, analysts predict that RADCOM will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

A number of institutional investors have recently bought and sold shares of RDCM. Public Employees Retirement System of Ohio acquired a new stake in shares of RADCOM during the 4th quarter worth approximately $31,000. JPMorgan Chase & Co. raised its position in RADCOM by 1,433.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares during the period. State of Tennessee Department of Treasury acquired a new position in shares of RADCOM in the 4th quarter valued at $62,000. Russell Investments Group Ltd. grew its holdings in shares of RADCOM by 6.2% during the 4th quarter. Russell Investments Group Ltd. now owns 110,721 shares of the technology company’s stock worth $1,367,000 after purchasing an additional 6,436 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of RADCOM by 3.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock worth $3,871,000 after purchasing an additional 9,147 shares during the last quarter. 48.32% of the stock is 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.