Radcom Ltd. (NASDAQ:RDCM) Short Interest Update

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 123,198 shares, a growth of 16.7% from the February 12th total of 105,612 shares. Based on an average daily trading volume, of 62,129 shares, the days-to-cover ratio is currently 2.0 days. Currently, 2.4% of the company’s shares are short sold. Currently, 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 62,129 shares, the days-to-cover ratio is currently 2.0 days.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RDCM shares. Wall Street Zen upgraded shares of Radcom from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Needham & Company LLC reissued a “buy” rating and issued a $18.00 price target on shares of Radcom in a report on Wednesday, February 11th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a report on Monday, December 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Radcom presently has an average rating of “Moderate Buy” and an average target price of $18.00.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Marshall Wace LLP raised its stake in Radcom by 20.5% in the second quarter. Marshall Wace LLP now owns 110,127 shares of the technology company’s stock valued at $1,497,000 after buying an additional 18,708 shares during the period. Jump Financial LLC acquired a new position in shares of Radcom during the 2nd quarter worth approximately $165,000. Raymond James Financial Inc. acquired a new position in shares of Radcom during the 2nd quarter worth approximately $34,000. Lazard Asset Management LLC raised its stake in Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after acquiring an additional 5,135 shares during the period. Finally, Cox Capital Mgt LLC bought a new stake in Radcom in the 3rd quarter valued at $145,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

Radcom Stock Performance

NASDAQ:RDCM opened at $11.16 on Thursday. Radcom has a 52-week low of $9.88 and a 52-week high of $15.15. The company has a market cap of $183.14 million, a P/E ratio of 15.50 and a beta of 0.58. The stock’s 50-day simple moving average is $11.97 and its 200 day simple moving average is $12.99.

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

Radcom Company Profile

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.