RADCOM (NASDAQ:RDCM) Stock Rating Upgraded by 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 note issued on Friday.

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

RADCOM Stock Performance

RDCM stock opened at $13.35 on Friday. The firm has a fifty day moving average price of $12.28 and a 200 day moving average price of $10.82. RADCOM has a fifty-two week low of $8.52 and a fifty-two week high of $14.32. The firm has a market cap of $209.06 million, a PE ratio of 28.40 and a beta of 0.89.

Institutional Trading of RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC lifted its holdings in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm 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 approximately 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.