Radcom (NASDAQ:RDCM) Shares Cross Above 200-Day Moving Average – Here’s What Happened

Radcom Ltd. (NASDAQ:RDCM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.00 and traded as high as $13.05. Radcom shares last traded at $12.76, with a volume of 391,585 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Radcom presently has an average rating of “Moderate Buy” and a consensus target price of $18.00.

Radcom Stock Performance

The business’s 50-day moving average is $14.21 and its 200-day moving average is $13.00. The company has a market capitalization of $213.60 million, a PE ratio of 17.01 and a beta of 0.71.

Radcom (NASDAQ:RDCM) last announced its quarterly earnings data on Tuesday, May 19th. The technology company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business had revenue of $18.59 million for the quarter, compared to analysts’ expectations of $18.61 million. Radcom had a net margin of 17.18% and a return on equity of 11.68%. Analysts expect that Radcom Ltd. will post 0.84 EPS for the current year.

Institutional Investors Weigh In On Radcom

Institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Radcom in the 2nd quarter worth about $34,000. Lazard Asset Management LLC grew its position in Radcom by 171.1% during the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after purchasing an additional 5,135 shares during the last quarter. Bank of America Corp DE grew its position in Radcom by 93.8% during the 3rd quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after purchasing an additional 4,364 shares during the last quarter. Jump Financial LLC bought a new stake in Radcom during the 2nd quarter valued at about $165,000. Finally, GSA Capital Partners LLP bought a new stake in Radcom during the 3rd quarter valued at about $168,000. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.