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

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a research report report published on Friday.

RADCOM Price Performance

RDCM stock opened at $12.15 on Friday. The company has a market cap of $190.29 million, a P/E ratio of 25.85 and a beta of 0.89. RADCOM has a 1 year low of $7.70 and a 1 year high of $12.84. The stock’s fifty day moving average price is $11.54 and its 200-day moving average price is $10.44.

Hedge Funds Weigh In On RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC raised its holdings in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund 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 about 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. Institutional investors own 48.32% of the company’s stock.

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.