Radcom (NASDAQ:RDCM) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Radcom Ltd. (NASDAQ:RDCM) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $13.08 and traded as high as $13.24. Radcom shares last traded at $12.72, with a volume of 123,189 shares.

Radcom Stock Performance

The stock has a fifty day simple moving average of $13.61 and a 200-day simple moving average of $13.06. The stock has a market cap of $171.42 million, a P/E ratio of 13.65 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 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $18.59 million for the quarter, compared to analyst estimates of $18.61 million. Radcom had a return on equity of 11.68% and a net margin of 17.18%. On average, research analysts anticipate that Radcom Ltd. will post 0.84 earnings per share for the current year.

Hedge Funds Weigh In On Radcom

A number of large investors have recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of Radcom in the second quarter valued at approximately $34,000. Lazard Asset Management LLC boosted 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 worth $110,000 after purchasing an additional 5,135 shares during the last quarter. Bank of America Corp DE boosted 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 worth $131,000 after purchasing an additional 4,364 shares during the last quarter. Jump Financial LLC bought a new position in Radcom in the second quarter valued at $165,000. Finally, XTX Topco Ltd bought a new position in Radcom in the fourth quarter valued at $196,000. 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.