Needham & Company LLC Forecasts Strong Price Appreciation for RADCOM (NASDAQ:RDCM) Stock

RADCOM (NASDAQ:RDCM) had its price objective boosted by research analysts at Needham & Company LLC from $17.00 to $18.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective points to a potential upside of 35.64% from the stock’s previous close.

Separately, StockNews.com upgraded RADCOM from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 8th.

RADCOM Trading Up 1.5%

Shares of RDCM opened at $13.27 on Thursday. The business’s 50 day moving average is $11.66 and its 200 day moving average is $12.09. The company has a market capitalization of $207.83 million, a PE ratio of 30.16 and a beta of 0.71. RADCOM has a 12-month low of $8.87 and a 12-month high of $15.98.

RADCOM (NASDAQ:RDCM) last issued its earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a net margin of 11.42% and a return on equity of 8.18%. Equities research analysts predict that RADCOM will post 0.54 earnings per share for the current year.

Hedge Funds Weigh In On RADCOM

Institutional investors and hedge funds have recently modified their holdings of the stock. Value Base Ltd. bought a new stake in RADCOM during the 4th quarter valued at $10,330,000. Essex Investment Management Co. LLC acquired a new position in RADCOM during the 4th quarter valued at about $2,832,000. ARK Investment Management LLC acquired a new position in RADCOM during the 1st quarter valued at about $1,575,000. Legato Capital Management LLC acquired a new position in RADCOM during the 4th quarter valued at about $848,000. Finally, Walleye Capital LLC acquired a new position in RADCOM during the 4th quarter valued at about $681,000. Hedge funds and other 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.