RADCOM (NASDAQ:RDCM) Shares Pass Above 200-Day Moving Average of $9.01

RADCOM Ltd. (NASDAQ:RDCM)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.01 and traded as high as $9.40. RADCOM shares last traded at $8.63, with a volume of 38,059 shares.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on RDCM shares. StockNews.com started coverage on shares of RADCOM in a research report on Monday, February 12th. They issued a “buy” rating on the stock. Needham & Company LLC upgraded shares of RADCOM from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Thursday, January 25th.

RADCOM Stock Performance

The stock’s fifty day moving average is $10.38 and its two-hundred day moving average is $9.01. The firm has a market cap of $133.51 million, a price-to-earnings ratio of 35.96 and a beta of 0.73.

RADCOM (NASDAQ:RDCM) last released its quarterly earnings data on Wednesday, January 31st. The technology company reported $0.17 earnings per share for the quarter. RADCOM had a net margin of 7.20% and a return on equity of 5.20%. The business had revenue of $14.01 million for the quarter, compared to analysts’ expectations of $13.50 million. Sell-side analysts predict that RADCOM Ltd. will post 0.37 earnings per share for the current year.

Institutional Trading of RADCOM

A number of large investors have recently modified their holdings of RDCM. JPMorgan Chase & Co. increased its holdings in shares of RADCOM by 114.2% in the 1st quarter. JPMorgan Chase & Co. now owns 3,547 shares of the technology company’s stock worth $46,000 after acquiring an additional 1,891 shares during the period. Millennium Management LLC acquired a new position in RADCOM during the 2nd quarter valued at about $123,000. BlackRock Inc. acquired a new position in RADCOM during the 1st quarter valued at about $169,000. Acadian Asset Management LLC increased its stake in RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock valued at $555,000 after buying an additional 18,681 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in RADCOM by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after buying an additional 18,100 shares during the period. Institutional investors and hedge funds 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.