Malaga Cove Capital LLC raised its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 29.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,606 shares of the technology company’s stock after purchasing an additional 11,100 shares during the period. Malaga Cove Capital LLC owned 0.36% of RADCOM worth $552,000 at the end of the most recent reporting period.
Separately, Northern Trust Corp acquired a new position in RADCOM during the second quarter worth approximately $104,000. 26.25% of the stock is currently owned by hedge funds and other institutional investors.
RDCM opened at $9.60 on Wednesday. The firm has a market cap of $129.65 million, a P/E ratio of 41.74 and a beta of 0.34. RADCOM Ltd. has a twelve month low of $8.98 and a twelve month high of $21.80.
RADCOM (NASDAQ:RDCM) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.05. RADCOM had a net margin of 10.81% and a return on equity of 6.47%. The firm had revenue of $10.64 million for the quarter, compared to the consensus estimate of $10.80 million. Equities analysts anticipate that RADCOM Ltd. will post -0.36 earnings per share for the current year.
RDCM has been the subject of several research analyst reports. BidaskClub lowered shares of RADCOM from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. Zacks Investment Research lowered shares of RADCOM from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 25th. ValuEngine raised shares of RADCOM from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. William Blair reissued an “outperform” rating on shares of RADCOM in a research report on Friday, September 14th. Finally, TheStreet lowered shares of RADCOM from a “b-” rating to a “c” rating in a research report on Monday, September 17th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $17.00.
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RADCOM Ltd. provides service assurance and customer experience management solutions for communication service providers (CSPs). Its carrier-grade solutions support mobile and fixed networks, and scale to terabit data bandwidths to enable data analytics. The company offers solutions for virtualized infrastructure and next-generation networks.
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