RADCOM (NASDAQ:RDCM) Cut to Buy at StockNews.com

StockNews.com cut shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.

RADCOM Stock Down 0.6 %

RDCM opened at $12.03 on Tuesday. RADCOM has a 52 week low of $7.70 and a 52 week high of $12.84. The business’s 50 day moving average is $11.34 and its two-hundred day moving average is $10.31. The firm has a market cap of $188.41 million, a price-to-earnings ratio of 25.60 and a beta of 0.89.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC increased its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 304,064 shares of the technology company’s stock after buying an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned about 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 48.32% of the company’s stock.

About RADCOM

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.