RADCOM (NASDAQ:RDCM) Stock Rating Upgraded by 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.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.

RADCOM Stock Up 1.5 %

NASDAQ RDCM opened at $11.80 on Friday. RADCOM has a 52 week low of $7.70 and a 52 week high of $12.44. The firm has a 50 day moving average of $10.61 and a two-hundred day moving average of $9.92. The stock has a market capitalization of $184.81 million, a PE ratio of 25.11 and a beta of 0.86.

Hedge Funds Weigh In On RADCOM

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. boosted its stake in RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after acquiring an additional 4,935 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of RADCOM by 6.2% in the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock valued at $881,000 after acquiring an additional 5,628 shares during the period. Quadrature Capital Ltd purchased a new position in shares of RADCOM during the first quarter worth approximately $159,000. AWM Investment Company Inc. increased its holdings in shares of RADCOM by 5.7% in the 1st 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 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after purchasing an additional 70,544 shares during the last quarter. 48.32% of the stock is owned by institutional investors and hedge funds.

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.