RADCOM (NASDAQ:RDCM) Upgraded at StockNews.com

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

Separately, Needham & Company LLC restated a “buy” rating and set a $14.00 target price on shares of RADCOM in a research note on Thursday, August 8th.

RADCOM Stock Down 1.4 %

Shares of RDCM opened at $11.62 on Friday. The firm has a market cap of $181.97 million, a price-to-earnings ratio of 24.72 and a beta of 0.86. The company’s fifty day moving average is $10.56 and its 200-day moving average is $9.90. RADCOM has a 12 month low of $7.70 and a 12 month high of $12.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RDCM. Russell Investments Group Ltd. lifted its position in RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 4,935 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of RADCOM by 34.1% during the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock worth $987,000 after acquiring an additional 22,923 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of RADCOM during the 1st quarter valued at about $159,000. AWM Investment Company Inc. increased its stake in RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after acquiring an additional 45,000 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after purchasing an additional 70,544 shares in the last 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.