RADCOM (NASDAQ:RDCM) Upgraded to Strong-Buy at StockNews.com

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

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

RADCOM Price Performance

Shares of NASDAQ:RDCM opened at $12.56 on Thursday. The firm has a market capitalization of $196.71 million, a PE ratio of 28.55 and a beta of 0.71. RADCOM has a 1 year low of $8.87 and a 1 year high of $15.98. The firm’s 50-day moving average is $11.52 and its two-hundred day moving average is $12.00.

RADCOM (NASDAQ:RDCM) last released its earnings results on Wednesday, February 12th. The technology company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.18% and a net margin of 11.42%. Analysts expect that RADCOM will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On RADCOM

Several large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of RADCOM in the fourth quarter valued at about $31,000. JPMorgan Chase & Co. boosted its holdings in RADCOM by 1,433.3% in the 4th 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 in the last quarter. State of Tennessee Department of Treasury acquired a new position in RADCOM during the 4th quarter worth approximately $62,000. Prudential Financial Inc. purchased a new position in shares of RADCOM during the 4th quarter worth approximately $183,000. Finally, Northern Trust Corp acquired a new stake in shares of RADCOM in the 4th quarter valued at approximately $269,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

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.