RADCOM (NASDAQ:RDCM) Stock Price Crosses Below 200-Day Moving Average of $9.33

RADCOM Ltd. (NASDAQ:RDCMGet Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.33 and traded as low as $9.15. RADCOM shares last traded at $9.24, with a volume of 12,133 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Needham & Company LLC restated a “buy” rating and issued a $14.00 price objective on shares of RADCOM in a report on Thursday, May 16th. StockNews.com upgraded shares of RADCOM from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 23rd.

Read Our Latest Report on RADCOM

RADCOM Price Performance

The company has a market capitalization of $142.95 million, a PE ratio of 36.96 and a beta of 0.80. The stock’s 50 day simple moving average is $9.45 and its 200-day simple moving average is $9.33.

RADCOM (NASDAQ:RDCMGet Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.04). The business had revenue of $14.12 million for the quarter, compared to analysts’ expectations of $13.50 million. RADCOM had a return on equity of 5.36% and a net margin of 7.18%. On average, equities analysts predict that RADCOM Ltd. will post 0.34 earnings per share for the current year.

Institutional Trading of RADCOM

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its stake in RADCOM by 4.4% during the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 4,935 shares during the period. Quadrature Capital Ltd purchased a new stake in RADCOM during the first quarter worth about $159,000. Janney Montgomery Scott LLC increased its stake in RADCOM by 13.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 129,250 shares of the technology company’s stock worth $1,042,000 after purchasing an additional 15,069 shares during the period. Acadian Asset Management LLC grew its position in shares of RADCOM by 39.9% during the third quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock worth $555,000 after buying an additional 18,681 shares in the last quarter. Finally, AWM Investment Company Inc. grew its position in shares of RADCOM by 5.7% during the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after buying an additional 45,000 shares in the last quarter. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Company Profile

(Get Free Report)

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.

Further Reading

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