RADCOM Ltd. (NASDAQ:RDCM - Get Free Report) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totalling 17,600 shares, a decline of 37.8% from the September 30th total of 28,300 shares. Based on an average trading volume of 34,200 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the shares of the company are sold short.
Separately, Needham & Company LLC restated a "buy" rating and set a $14.00 price objective on shares of RADCOM in a research note on Thursday, August 8th.
Check Out Our Latest Analysis on RDCM
RDCM opened at $10.10 on Friday. The firm has a fifty day moving average price of $10.08 and a 200 day moving average price of $9.65. RADCOM has a 1 year low of $7.52 and a 1 year high of $12.10. The stock has a market cap of $158.17 million, a P/E ratio of 32.58 and a beta of 0.87.
RADCOM (NASDAQ:RDCM - Get Free Report) last posted its earnings results on Wednesday, August 7th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. RADCOM had a net margin of 8.52% and a return on equity of 6.25%. The firm had revenue of $14.80 million during the quarter, compared to analysts' expectations of $14.10 million. Equities analysts expect that RADCOM will post 0.37 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in RADCOM by 109.2% during the first quarter. Janney Montgomery Scott LLC now owns 270,329 shares of the technology company's stock valued at $3,017,000 after purchasing an additional 141,079 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in RADCOM by 34.1% in the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company's stock worth $987,000 after buying an additional 22,923 shares during the last quarter. Russell Investments Group Ltd. increased its stake in RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock worth $1,301,000 after buying an additional 4,935 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in RADCOM during the 1st quarter worth approximately $159,000. Finally, AWM Investment Company Inc. increased its stake in RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock worth $9,383,000 after buying an additional 45,000 shares in the last quarter. 48.32% of the stock is currently owned by institutional investors and hedge funds.
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.
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