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

StockNews.com lowered shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

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

RADCOM Stock Performance

NASDAQ RDCM opened at $12.34 on Wednesday. The business’s fifty day moving average is $13.02 and its 200 day moving average is $11.45. RADCOM has a fifty-two week low of $8.52 and a fifty-two week high of $15.98. The company has a market capitalization of $193.27 million, a PE ratio of 28.05 and a beta of 0.90.

RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data 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%. On average, sell-side analysts forecast that RADCOM will post 0.54 EPS for the current year.

Hedge Funds Weigh In On RADCOM

Several large investors have recently made changes to their positions in RDCM. Public Employees Retirement System of Ohio purchased a new stake in shares of RADCOM during the fourth quarter worth about $31,000. JPMorgan Chase & Co. grew its holdings in RADCOM by 1,433.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after buying an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury purchased a new stake in RADCOM during the 4th quarter valued at approximately $62,000. Prudential Financial Inc. bought a new stake in shares of RADCOM during the fourth quarter valued at approximately $183,000. Finally, Northern Trust Corp purchased a new position in shares of RADCOM in the fourth quarter worth $269,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

About RADCOM

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.