Radcom Ltd. (NASDAQ:RDCM) Sees Significant Decline in Short Interest

Radcom Ltd. (NASDAQ:RDCM) was the target of a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 159,212 shares, a decrease of 38.6% from the April 30th total of 259,303 shares. Based on an average daily volume of 194,736 shares, the short-interest ratio is presently 0.8 days. Currently, 3.1% of the company’s shares are sold short.

Institutional Investors Weigh In On Radcom

Several hedge funds and other institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new stake in shares of Radcom in the first quarter worth approximately $236,000. Private Advisor Group LLC raised its holdings in shares of Radcom by 2.1% in the first quarter. Private Advisor Group LLC now owns 351,019 shares of the technology company’s stock worth $4,268,000 after buying an additional 7,372 shares during the period. Janney Montgomery Scott LLC increased its holdings in Radcom by 1.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 327,479 shares of the technology company’s stock worth $3,982,000 after purchasing an additional 5,380 shares during the period. State of Tennessee Department of Treasury increased its holdings in Radcom by 37.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 20,909 shares of the technology company’s stock worth $262,000 after purchasing an additional 5,700 shares during the period. Finally, Lynrock Lake LP increased its holdings in Radcom by 7.7% during the 4th quarter. Lynrock Lake LP now owns 2,441,775 shares of the technology company’s stock worth $31,938,000 after purchasing an additional 175,094 shares during the period. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RDCM shares. Needham & Company LLC restated a “buy” rating and set a $18.00 price objective on shares of Radcom in a research report on Wednesday, February 11th. Wall Street Zen downgraded Radcom from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 21st. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.00.

Radcom Stock Performance

Shares of NASDAQ RDCM opened at $15.40 on Wednesday. The business’s 50 day moving average price is $13.87 and its 200-day moving average price is $12.96. Radcom has a fifty-two week low of $10.41 and a fifty-two week high of $16.74. The company has a market cap of $257.80 million, a price-to-earnings ratio of 20.53 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 for the quarter, topping the consensus estimate of $0.27 by $0.01. Radcom had a return on equity of 11.68% and a net margin of 17.18%.The firm had revenue of $18.59 million for the quarter, compared to the consensus estimate of $18.61 million. Sell-side analysts predict that Radcom will post 0.84 earnings per share for the current year.

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.