Radcom (NASDAQ:RDCM) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Radcom Ltd. (NASDAQ:RDCM)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $13.00 and traded as high as $13.08. Radcom shares last traded at $12.69, with a volume of 155,184 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Radcom from a “strong-buy” rating to a “buy” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Radcom currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Stock Performance

The company’s 50-day moving average is $14.19 and its 200-day moving average is $13.00. The firm has a market cap of $214.27 million, a price-to-earnings ratio of 17.07 and a beta of 0.71.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new position in Radcom during the 2nd quarter worth about $34,000. New York State Common Retirement Fund acquired a new position in Radcom during the 3rd quarter worth about $76,000. Lazard Asset Management LLC lifted 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 worth $110,000 after buying an additional 5,135 shares in the last quarter. Bank of America Corp DE raised its holdings 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 worth $131,000 after purchasing an additional 4,364 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Radcom during the 3rd quarter worth about $168,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

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.