Radcom (NASDAQ:RDCM) Shares Pass Above 200 Day Moving Average – Here’s Why

Radcom Ltd. (NASDAQ:RDCM – Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $13.07 and traded as high as $13.79. Radcom shares last traded at $13.44, with a volume of 122,008 shares trading hands.

Radcom Stock Up 1.3%

The business has a fifty day moving average of $13.91 and a 200 day moving average of $13.07. The company has a market cap of $220.47 million, a P/E ratio of 17.56 and a beta of 0.71.

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Radcom (NASDAQ:RDCM – Get Free Report) last released its quarterly earnings results on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Radcom had a net margin of 17.18% and a return on equity of 11.68%. The business had revenue of $18.59 million for the quarter, compared to analysts’ expectations of $18.61 million. On average, sell-side analysts anticipate that Radcom Ltd. will post 0.84 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. Lynrock Lake LP boosted its position in Radcom by 7.7% during the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock valued at $31,938,000 after acquiring an additional 175,094 shares in the last quarter. Private Advisor Group LLC lifted its stake in shares of Radcom by 2.1% in the 1st quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock valued at $4,268,000 after purchasing an additional 7,372 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Radcom by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock valued at $3,982,000 after purchasing an additional 5,380 shares in the last quarter. Renaissance Technologies LLC grew its stake in Radcom by 12.7% in the fourth quarter. Renaissance Technologies LLC now owns 208,733 shares of the technology company’s stock worth $2,730,000 after purchasing an additional 23,511 shares during the period. Finally, Marshall Wace LLP grew its stake in Radcom by 58.1% in the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after purchasing an additional 71,873 shares during the period. 48.32% of the stock is owned by institutional investors.

Radcom Company Profile

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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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