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 published on Monday.

RADCOM Price Performance

Shares of NASDAQ RDCM opened at $11.57 on Monday. The stock has a market capitalization of $181.19 million, a price-to-earnings ratio of 24.62 and a beta of 0.89. The business has a 50-day moving average of $11.21 and a 200-day moving average of $10.22. RADCOM has a fifty-two week low of $7.70 and a fifty-two week high of $12.84.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC grew its stake in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,808 shares of the technology company’s stock after acquiring an additional 5,628 shares during the period. Acadian Asset Management LLC owned 0.62% of RADCOM worth $881,000 at the end of the most recent quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

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.