RADCOM (NASDAQ:RDCM) Downgraded to Buy Rating by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday.

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

RADCOM Trading Down 2.9 %

Shares of RDCM opened at $11.98 on Wednesday. The firm has a fifty day simple moving average of $13.02 and a two-hundred day simple moving average of $11.45. The firm has a market cap of $187.63 million, a PE ratio of 27.23 and a beta of 0.90. RADCOM has a 1-year low of $8.52 and a 1-year high of $15.98.

RADCOM (NASDAQ:RDCM) last posted its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. As a group, research analysts forecast that RADCOM will post 0.54 EPS for the current fiscal year.

Hedge Funds Weigh In On RADCOM

A number of institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in RADCOM in the fourth quarter worth about $31,000. AWM Investment Company Inc. grew its stake in shares of RADCOM by 2.8% during the 4th quarter. AWM Investment Company Inc. now owns 991,261 shares of the technology company’s stock valued at $12,252,000 after acquiring an additional 27,394 shares during the period. Millennium Management LLC increased its holdings in RADCOM by 171.6% in the 4th quarter. Millennium Management LLC now owns 57,505 shares of the technology company’s stock worth $711,000 after acquiring an additional 36,333 shares in the last quarter. Citadel Advisors LLC raised its stake in RADCOM by 101.1% during the 4th quarter. Citadel Advisors LLC now owns 39,083 shares of the technology company’s stock worth $483,000 after acquiring an additional 19,653 shares during the period. Finally, Northern Trust Corp bought a new stake in RADCOM during the 4th quarter worth approximately $269,000. 48.32% of the stock is owned by 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.