RADCOM (NASDAQ:RDCM) Lowered to Buy Rating by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Tuesday.

RADCOM Stock Up 1.9 %

RDCM stock opened at $12.10 on Tuesday. The firm has a 50 day moving average of $11.32 and a two-hundred day moving average of $10.29. RADCOM has a 12 month low of $7.70 and a 12 month high of $12.84. The company has a market capitalization of $189.51 million, a price-to-earnings ratio of 25.74 and a beta of 0.89.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC increased its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 304,064 shares of the technology company’s stock after acquiring an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 as of its most recent filing with the SEC. Institutional investors and hedge funds 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.