RADCOM Ltd. (NASDAQ:RDCM) Short Interest Update

RADCOM Ltd. (NASDAQ:RDCM) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 14,700 shares, a decrease of 32.6% from the January 15th total of 21,800 shares. Based on an average daily trading volume, of 90,400 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently commented on RDCM. Needham & Company LLC reissued a “buy” rating and set a $16.00 price objective on shares of RADCOM in a research report on Friday, January 17th. StockNews.com upgraded shares of RADCOM from a “buy” rating to a “strong-buy” rating in a research note on Friday.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RDCM. Legato Capital Management LLC purchased a new stake in RADCOM in the fourth quarter worth about $848,000. Janney Montgomery Scott LLC increased its holdings in RADCOM by 30.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares during the period. JPMorgan Chase & Co. lifted its holdings in RADCOM by 1,433.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,600 shares of the technology company’s stock valued at $57,000 after purchasing an additional 4,300 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of RADCOM in the 4th quarter worth $62,000. Finally, Marshall Wace LLP increased its stake in shares of RADCOM by 61.0% in the 4th quarter. Marshall Wace LLP now owns 51,325 shares of the technology company’s stock worth $634,000 after acquiring an additional 19,438 shares during the last quarter. Institutional investors own 48.32% of the company’s stock.

RADCOM Stock Performance

RDCM traded down $0.60 during trading on Friday, reaching $13.49. 112,155 shares of the company traded hands, compared to its average volume of 111,403. RADCOM has a 12-month low of $8.52 and a 12-month high of $15.98. The firm has a fifty day simple moving average of $12.84 and a 200 day simple moving average of $11.27. The company has a market cap of $211.25 million, a P/E ratio of 28.70 and a beta of 0.90.

RADCOM (NASDAQ:RDCM) last announced its quarterly earnings results on Wednesday, February 12th. The technology company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). RADCOM had a return on equity of 8.90% and a net margin of 12.44%. As a group, sell-side analysts expect that RADCOM will post 0.42 earnings per share for the current fiscal year.

About RADCOM

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.