Radcom (NASDAQ:RDCM) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Radcom (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a report released on Saturday.

A number of other equities analysts have also weighed in on RDCM. Weiss Ratings reiterated a “hold (c+)” rating on shares of Radcom in a research report on Monday, December 22nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $18.00 price objective on shares of Radcom in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $18.00.

Radcom Stock Performance

Shares of NASDAQ:RDCM opened at $10.92 on Friday. Radcom has a one year low of $9.88 and a one year high of $15.15. The company has a 50-day simple moving average of $12.26 and a 200-day simple moving average of $13.10. The stock has a market capitalization of $179.20 million, a price-to-earnings ratio of 15.17 and a beta of 0.58.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Wednesday, February 11th. The technology company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.23 by $0.08. The firm had revenue of $18.86 million during the quarter, compared to the consensus estimate of $18.46 million. Radcom had a return on equity of 11.53% and a net margin of 16.77%. As a group, research analysts forecast that Radcom will post 0.54 EPS for the current fiscal year.

Institutional Investors Weigh In On Radcom

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Tennessee Department of Treasury lifted its position in shares of Radcom by 37.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock valued at $262,000 after acquiring an additional 5,700 shares during the period. Lynrock Lake LP grew its holdings in shares of Radcom by 7.7% in the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after acquiring an additional 175,094 shares during the period. XTX Topco Ltd acquired a new stake in shares of Radcom in the 4th quarter worth approximately $196,000. Millennium Management LLC increased its stake in Radcom by 22.0% in the 4th quarter. Millennium Management LLC now owns 80,693 shares of the technology company’s stock valued at $1,055,000 after purchasing an additional 14,572 shares in the last quarter. Finally, Trexquant Investment LP increased its stake in Radcom by 19.9% in the 4th quarter. Trexquant Investment LP now owns 55,896 shares of the technology company’s stock valued at $731,000 after purchasing an additional 9,271 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.

About Radcom

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.