Radcom (NASDAQ:RDCM) Issues Quarterly Earnings Results

Radcom (NASDAQ:RDCM) announced its quarterly earnings results on Tuesday. The technology company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01, FiscalAI reports. Radcom had a return on equity of 11.53% and a net margin of 16.77%.

Radcom Stock Down 2.9%

RDCM stock opened at $15.29 on Tuesday. The company’s 50-day simple moving average is $13.13 and its 200-day simple moving average is $12.85. Radcom has a 52-week low of $10.41 and a 52-week high of $16.74. The firm has a market cap of $255.92 million, a P/E ratio of 21.24 and a beta of 0.75.

Institutional Investors Weigh In On Radcom

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Radcom during the 2nd quarter worth about $34,000. Lazard Asset Management LLC boosted its stake in shares of Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after acquiring an additional 5,135 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Radcom by 93.8% during the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock worth $131,000 after acquiring an additional 4,364 shares in the last quarter. Jump Financial LLC purchased a new stake in shares of Radcom during the 2nd quarter worth about $165,000. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Radcom during the 3rd quarter worth about $211,000. 48.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price target on shares of Radcom in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.00.

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.