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

Equities researchers at StockNews.com began coverage on shares of RADCOM (NASDAQ:RDCM – Get Rating) in a report released on Sunday. The firm set a “buy” rating on the technology company’s stock.

Separately, TheStreet cut RADCOM from a “b-” rating to a “c” rating in a research report on Tuesday, March 7th.

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RADCOM Price Performance

Shares of NASDAQ RDCM opened at $9.25 on Friday. RADCOM has a one year low of $9.09 and a one year high of $12.90. The business’s fifty day moving average price is $9.51 and its 200-day moving average price is $10.02. The stock has a market capitalization of $138.63 million, a PE ratio of -115.63 and a beta of 0.86.

RADCOM (NASDAQ:RDCM – Get Rating) last issued its quarterly earnings results on Wednesday, May 10th. The technology company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.08. RADCOM had a negative return on equity of 1.44% and a negative net margin of 2.20%. The firm had revenue of $12.02 million for the quarter, compared to analysts’ expectations of $11.90 million. As a group, equities analysts expect that RADCOM will post -0.01 EPS for the current fiscal year.

Institutional Trading of RADCOM

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its stake in shares of RADCOM by 114.2% during 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 during the period. Renaissance Technologies LLC raised its stake in shares of RADCOM by 4.9% during the 1st quarter. Renaissance Technologies LLC now owns 163,333 shares of the technology company’s stock valued at $1,646,000 after purchasing an additional 7,700 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of RADCOM by 10.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 92,381 shares of the technology company’s stock valued at $931,000 after purchasing an additional 8,750 shares during the period. Millennium Management LLC bought a new stake in shares of RADCOM during the 2nd quarter valued at $123,000. Finally, BlackRock Inc. bought a new stake in shares of RADCOM during the 1st quarter valued at $169,000. 33.88% of the stock is currently owned by institutional investors.

RADCOM Company Profile

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RADCOM Ltd. is engaged in the provision of cloud-native, network intelligence and service assurance solutions for telecom operators. Its solutions include RADCOM Network Visibility, RADCOM Service Assurance, and RADCOM Network Insights. The company was founded by Yehuda Zisapel, Zohar Zisapel, and Nava Zisapel on July 5, 1985 and is headquartered in Tel Aviv, Israel.

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