RADCOM’s (RDCM) Buy Rating Reiterated at Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of RADCOM (NASDAQ:RDCM) in a research note published on Friday,Benzinga reports. They currently have a $16.00 price target on the technology company’s stock.

Separately, StockNews.com lowered RADCOM from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 11th.

RADCOM Stock Down 0.2 %

RDCM opened at $14.07 on Friday. The business has a fifty day moving average of $12.03 and a 200 day moving average of $10.69. The stock has a market cap of $220.36 million, a P/E ratio of 29.94 and a beta of 0.89. RADCOM has a 52-week low of $7.88 and a 52-week high of $14.33.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC boosted its holdings in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 approximately 1.94% of RADCOM worth $3,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other 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.