Short Interest in Radcom Ltd. (NASDAQ:RDCM) Rises By 16.7%

Radcom Ltd. (NASDAQ:RDCM) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 123,198 shares, an increase of 16.7% from the February 12th total of 105,612 shares. Based on an average daily trading volume, of 62,129 shares, the short-interest ratio is currently 2.0 days. Approximately 2.4% of the company’s stock are sold short. Approximately 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 62,129 shares, the short-interest ratio is currently 2.0 days.

Radcom Stock Down 1.4%

Radcom stock opened at $10.68 on Tuesday. The firm has a 50 day moving average price of $12.04 and a 200-day moving average price of $13.01. Radcom has a twelve month low of $9.88 and a twelve month high of $15.15. The company has a market capitalization of $175.22 million, a P/E ratio of 14.83 and a beta of 0.58.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings results on Wednesday, February 11th. The technology company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.08. Radcom had a net margin of 16.77% and a return on equity of 11.53%. The company had revenue of $18.86 million for the quarter, compared to analysts’ expectations of $18.46 million. Equities analysts expect that Radcom will post 0.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Radcom during the 2nd quarter worth $34,000. New York State Common Retirement Fund bought a new stake in Radcom in the 3rd quarter valued at about $76,000. Lazard Asset Management LLC lifted its holdings in Radcom by 171.1% during the second 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 lifted its holdings in Radcom by 93.8% during the third 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. Finally, Cox Capital Mgt LLC bought a new position in Radcom during the third quarter worth about $145,000. Hedge funds and other institutional investors own 48.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on RDCM shares. Needham & Company LLC reiterated a “buy” rating and set a $18.00 price objective on shares of Radcom in a report on Wednesday, February 11th. Wall Street Zen upgraded shares of Radcom from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Radcom in a research note on Monday, December 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.00.

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.