StockNews.com Begins Coverage on RADCOM (NASDAQ:RDCM)

StockNews.com started coverage on shares of RADCOM (NASDAQ:RDCM) in a report published on Wednesday. The firm issued a buy rating on the technology company’s stock.

RADCOM Stock Performance

RDCM stock opened at $8.83 on Wednesday. The company has a market capitalization of $130.15 million, a PE ratio of 147.17 and a beta of 0.87. RADCOM has a 52 week low of $8.36 and a 52 week high of $11.91. The company’s 50-day simple moving average is $9.32 and its 200 day simple moving average is $9.53.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings data on Wednesday, August 2nd. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.09. The firm had revenue of $12.37 million for the quarter, compared to the consensus estimate of $12.40 million. RADCOM had a net margin of 2.03% and a return on equity of 1.51%. On average, analysts forecast that RADCOM will post 0.07 EPS for the current year.

Institutional Investors Weigh In On RADCOM

A number of large investors have recently bought and sold shares of RDCM. Acadian Asset Management LLC boosted its stake in shares of RADCOM by 224.0% in the 1st quarter. Acadian Asset Management LLC now owns 39,745 shares of the technology company’s stock valued at $392,000 after purchasing an additional 27,479 shares in the last quarter. AWM Investment Company Inc. boosted its stake in shares of RADCOM by 7.8% in the 4th quarter. AWM Investment Company Inc. now owns 623,535 shares of the technology company’s stock valued at $6,821,000 after purchasing an additional 45,223 shares in the last quarter. G2 Investment Partners Management LLC boosted its stake in shares of RADCOM by 15.3% in the 4th quarter. G2 Investment Partners Management LLC now owns 492,799 shares of the technology company’s stock valued at $5,391,000 after purchasing an additional 65,548 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of RADCOM in the 2nd quarter valued at approximately $123,000. Finally, JPMorgan Chase & Co. boosted its stake 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 valued at $46,000 after purchasing an additional 1,891 shares in the last quarter. 34.06% of the stock is currently owned by institutional investors and hedge funds.

About RADCOM

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.