Yelin Lapidot Holdings Management Ltd. lowered its stake in shares of Radcom Ltd. (NASDAQ:RDCM – Free Report) by 15.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 416,790 shares of the technology company’s stock after selling 75,585 shares during the quarter. Radcom accounts for 1.1% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 23rd biggest holding. Yelin Lapidot Holdings Management Ltd.’s holdings in Radcom were worth $5,452,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of RDCM. Marshall Wace LLP increased its position in shares of Radcom by 20.5% during the 2nd quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock valued at $1,497,000 after purchasing an additional 18,708 shares during the last quarter. Jump Financial LLC purchased a new position in Radcom during the 2nd quarter valued at $165,000. Raymond James Financial Inc. purchased a new position in Radcom during the 2nd quarter valued at $34,000. Lazard Asset Management LLC boosted its holdings in Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after acquiring an additional 5,135 shares during the period. Finally, New York State Common Retirement Fund purchased a new position in Radcom during the 3rd quarter valued at $76,000. Institutional investors own 48.32% of the company’s stock.
Wall Street Analysts Forecast Growth
RDCM has been the subject of a number of recent analyst reports. Wall Street Zen cut Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Radcom in a report 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.00.
Radcom Stock Up 2.6%
RDCM opened at $15.99 on Friday. The business has a fifty day moving average of $12.97 and a 200 day moving average of $12.83. Radcom Ltd. has a 52-week low of $10.41 and a 52-week high of $16.74. The stock has a market cap of $267.67 million, a P/E ratio of 22.21 and a beta of 0.75.
Radcom (NASDAQ:RDCM – Get Free Report) last issued its earnings results on Thursday, February 12th. The technology company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.08. Radcom had a return on equity of 11.53% and a net margin of 16.77%.The business had revenue of $18.86 million during the quarter, compared to analysts’ expectations of $18.46 million. Equities analysts anticipate that Radcom Ltd. will post 0.84 EPS for the current fiscal year.
Radcom 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.
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