RADCOM (NASDAQ:RDCM) Rating Increased to Strong-Buy at StockNews.com

RADCOM (NASDAQ:RDCM) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Friday.

Separately, Needham & Company LLC reissued a “buy” rating and set a $16.00 target price on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Price Performance

NASDAQ:RDCM remained flat at $13.35 during trading hours on Friday. The company had a trading volume of 44,782 shares, compared to its average volume of 83,485. RADCOM has a 52-week low of $8.52 and a 52-week high of $14.32. The company has a market capitalization of $209.09 million, a PE ratio of 28.40 and a beta of 0.89. The company has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $10.79.

Institutional Trading of RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC boosted its position in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 304,064 shares of the technology company’s stock after buying an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 as of its most recent SEC filing. 48.32% of the stock is currently owned by hedge funds and other institutional investors.

RADCOM Company Profile

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.