StockNews.com Downgrades RADCOM (NASDAQ:RDCM) to Buy

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

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 Trading Down 2.7 %

Shares of RDCM opened at $12.34 on Wednesday. The company has a market cap of $193.27 million, a price-to-earnings ratio of 28.05 and a beta of 0.93. RADCOM has a 1-year low of $8.52 and a 1-year high of $15.98. The company’s fifty day simple moving average is $12.97 and its 200 day simple moving average is $11.67.

RADCOM (NASDAQ:RDCM) last issued 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 return on equity of 8.18% and a net margin of 11.42%. As a group, research analysts forecast that RADCOM will post 0.54 earnings per share for the current year.

Institutional Investors Weigh In On RADCOM

A number of institutional investors have recently modified their holdings of RDCM. Janney Montgomery Scott LLC boosted its position in shares of RADCOM by 3.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 313,211 shares of the technology company’s stock valued at $3,871,000 after acquiring an additional 9,147 shares during the period. Legato Capital Management LLC bought a new stake in shares of RADCOM in the fourth quarter valued at about $848,000. Acuitas Investments LLC boosted its position in shares of RADCOM by 21.6% in the fourth quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after acquiring an additional 32,631 shares during the period. Essex Investment Management Co. LLC bought a new stake in shares of RADCOM in the fourth quarter valued at about $2,832,000. Finally, Value Base Ltd. bought a new stake in shares of RADCOM in the fourth quarter valued at about $10,330,000. Institutional investors own 48.32% of the company’s stock.

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.