Short Interest in Radcom Ltd. (NASDAQ:RDCM) Declines By 38.6%

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totaling 159,212 shares, a drop of 38.6% from the April 30th total of 259,303 shares. Based on an average trading volume of 194,736 shares, the short-interest ratio is currently 0.8 days. Approximately 3.1% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Needham & Company LLC reissued a “buy” rating and issued a $18.00 target price on shares of Radcom in a research note on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Stock Performance

RDCM stock opened at $14.46 on Friday. The firm has a market cap of $242.06 million, a PE ratio of 19.28 and a beta of 0.71. The firm’s 50 day moving average price is $14.10 and its 200-day moving average price is $13.00. Radcom has a one year low of $10.41 and a one year high of $16.74.

Radcom (NASDAQ:RDCM) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The firm had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. Radcom had a net margin of 17.18% and a return on equity of 11.68%. Equities research analysts predict that Radcom will post 0.84 EPS for the current fiscal year.

Institutional Trading of Radcom

Several institutional investors have recently added to or reduced their stakes in the stock. Lynrock Lake LP increased its holdings in Radcom by 7.7% in the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after purchasing an additional 175,094 shares during the last quarter. Private Advisor Group LLC increased its holdings in Radcom by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after purchasing an additional 7,372 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Radcom by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock valued at $3,982,000 after purchasing an additional 5,380 shares during the last quarter. Herald Investment Management Ltd increased its holdings in Radcom by 9.1% in the 3rd quarter. Herald Investment Management Ltd now owns 300,000 shares of the technology company’s stock valued at $4,272,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Essex Investment Management Co. LLC increased its holdings in Radcom by 3.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 233,361 shares of the technology company’s stock valued at $3,381,000 after purchasing an additional 7,642 shares during the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

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.