RADCOM (NASDAQ:RDCM) Stock Rating Reaffirmed by Needham & Company LLC

RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating restated by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Thursday, Benzinga reports. They presently have a $14.00 price objective on the technology company’s stock. Needham & Company LLC’s target price indicates a potential upside of 47.06% from the company’s previous close.

Separately, StockNews.com raised RADCOM from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 23rd.

RADCOM Stock Performance

Shares of NASDAQ RDCM traded up $0.16 during trading hours on Thursday, hitting $9.52. The stock had a trading volume of 35,241 shares, compared to its average volume of 16,717. The company has a market capitalization of $147.28 million, a P/E ratio of 38.08 and a beta of 0.83. The firm’s 50-day moving average price is $9.52 and its two-hundred day moving average price is $9.78. RADCOM has a 52 week low of $7.52 and a 52 week high of $12.10.

RADCOM (NASDAQ:RDCM) last released its earnings results on Wednesday, May 15th. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.04). The company had revenue of $14.12 million during the quarter, compared to the consensus estimate of $13.50 million. RADCOM had a net margin of 7.18% and a return on equity of 5.36%. As a group, analysts expect that RADCOM will post 0.34 EPS for the current fiscal year.

Institutional Investors Weigh In On RADCOM

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in shares of RADCOM by 109.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company’s stock valued at $3,017,000 after purchasing an additional 141,079 shares during the period. Acadian Asset Management LLC grew its stake in RADCOM by 34.1% in the first quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock valued at $987,000 after acquiring an additional 22,923 shares during the period. Inflection Point Investments LLP bought a new position in shares of RADCOM during the 4th quarter valued at about $4,883,000. Russell Investments Group Ltd. lifted its stake in RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after buying an additional 4,935 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of RADCOM during the first quarter worth $159,000. 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.