Short Interest in Radcom Ltd. (NASDAQ:RDCM) Rises By 127.5%

Radcom Ltd. (NASDAQ:RDCM) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 259,303 shares, a growth of 127.5% from the April 15th total of 113,979 shares. Approximately 5.0% of the shares of the company are short sold. Based on an average daily volume of 284,596 shares, the short-interest ratio is currently 0.9 days.

Radcom Stock Down 1.5%

Shares of RDCM stock opened at $15.75 on Friday. Radcom has a 12-month low of $10.41 and a 12-month high of $16.74. The company has a market capitalization of $263.66 million, a P/E ratio of 21.88 and a beta of 0.75. The firm has a 50-day moving average price of $13.05 and a 200 day moving average price of $12.85.

Radcom (NASDAQ:RDCM) last posted its quarterly earnings data on Thursday, February 12th. The technology company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.08. The firm had revenue of $18.86 million during the quarter, compared to analysts’ expectations of $18.46 million. Radcom had a net margin of 16.77% and a return on equity of 11.53%. As a group, research analysts expect that Radcom will post 0.84 earnings per share for the current year.

Institutional Investors Weigh In On Radcom

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. acquired a new stake in Radcom in the 2nd quarter valued at about $34,000. New York State Common Retirement Fund acquired a new stake in Radcom in the 3rd quarter valued at about $76,000. Lazard Asset Management LLC increased its position in Radcom by 171.1% in the 2nd quarter. Lazard Asset Management LLC now owns 8,136 shares of the technology company’s stock valued at $110,000 after acquiring an additional 5,135 shares in the last quarter. Bank of America Corp DE increased its position in Radcom by 93.8% in the 3rd 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, GSA Capital Partners LLP acquired a new stake in Radcom in the 3rd quarter valued at about $168,000. Institutional investors and hedge funds own 48.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of Radcom from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 21st. Needham & Company LLC reaffirmed a “buy” rating and set a $18.00 price objective on shares of Radcom in a report on Wednesday, February 11th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently 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.