Radcom (NASDAQ:RDCM) Stock Rating Upgraded by Wall Street Zen

Radcom (NASDAQ:RDCM) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. Needham & Company LLC reiterated a “buy” rating and issued a $18.00 price target on shares of Radcom in a research report on Wednesday, February 11th. One equities research 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 company currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Stock Down 0.5%

Shares of NASDAQ:RDCM opened at $11.20 on Friday. The firm has a market capitalization of $183.79 million, a PE ratio of 15.56 and a beta of 0.58. The company has a 50-day moving average price of $12.31 and a two-hundred day moving average price of $13.11. Radcom has a twelve month low of $9.88 and a twelve month high of $15.15.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.08. The company had revenue of $18.86 million for the quarter, compared to analyst estimates of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. Analysts anticipate that Radcom will post 0.54 earnings per share for the current fiscal year.

Institutional Trading of Radcom

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Private Advisor Group LLC purchased a new stake in Radcom in the 3rd quarter worth approximately $4,058,000. Lynrock Lake LP increased its holdings in shares of Radcom by 7.7% in the fourth quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after purchasing an additional 175,094 shares during the period. Nano Cap New Millennium Growth Fund L P bought a new position in shares of Radcom in the fourth quarter worth $1,334,000. Marshall Wace LLP raised its position in shares of Radcom by 58.1% in the fourth quarter. Marshall Wace LLP now owns 195,554 shares of the technology company’s stock worth $2,558,000 after buying an additional 71,873 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Radcom by 67.1% during the fourth quarter. Russell Investments Group Ltd. now owns 170,410 shares of the technology company’s stock valued at $2,230,000 after buying an additional 68,420 shares during the period. Institutional investors own 48.32% of the company’s stock.

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.