Radcom Ltd. (NASDAQ:RDCM) Short Interest Update

Radcom Ltd. (NASDAQ:RDCM) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 105,612 shares, an increase of 49.5% from the January 29th total of 70,658 shares. Currently, 2.1% of the shares of the stock are sold short. Based on an average trading volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 127,368 shares, the short-interest ratio is currently 0.8 days. Currently, 2.1% of the shares of the stock are sold short.

Analysts Set New Price Targets

RDCM has been the subject of a number of analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Radcom in a research report on Monday, December 22nd. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price target on shares of Radcom in a report on Wednesday, February 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Radcom currently has a consensus rating of “Moderate Buy” and a consensus target price of $18.00.

Hedge Funds Weigh In On Radcom

Hedge funds and other institutional investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Radcom during the second quarter worth about $34,000. New York State Common Retirement Fund acquired a new position in shares of Radcom in the third quarter worth $76,000. Lazard Asset Management LLC increased its position in shares of Radcom by 171.1% during the second quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock worth $110,000 after acquiring an additional 5,135 shares during the period. Bank of America Corp DE raised its stake in shares of Radcom by 93.8% in the third quarter. Bank of America Corp DE now owns 9,014 shares of the technology company’s stock valued at $131,000 after acquiring an additional 4,364 shares in the last quarter. Finally, Cox Capital Mgt LLC purchased a new position in Radcom in the third quarter valued at $145,000. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

Radcom Price Performance

NASDAQ RDCM opened at $11.63 on Tuesday. The stock has a market capitalization of $190.85 million, a P/E ratio of 16.15 and a beta of 0.58. The firm’s 50-day moving average is $12.48 and its two-hundred day moving average is $13.16. Radcom has a 12 month low of $9.88 and a 12 month high of $15.15.

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