RADCOM (NASDAQ:RDCM) Stock Rating Upgraded by StockNews.com

RADCOM (NASDAQ:RDCM) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday.

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

RADCOM Price Performance

RADCOM stock opened at $11.62 on Friday. RADCOM has a 12-month low of $7.70 and a 12-month high of $12.44. The stock has a market capitalization of $181.97 million, a P/E ratio of 24.72 and a beta of 0.86. The firm’s 50-day moving average is $10.56 and its two-hundred day moving average is $9.89.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. AWM Investment Company Inc. lifted its holdings in shares of RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock worth $9,383,000 after acquiring an additional 45,000 shares during the period. Janney Montgomery Scott LLC lifted its holdings in shares of RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after acquiring an additional 70,544 shares during the period. Russell Investments Group Ltd. raised its holdings 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 buying an additional 4,935 shares during the period. Acadian Asset Management LLC raised its holdings in 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 buying an additional 5,628 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in RADCOM in the first quarter valued at approximately $159,000. 48.32% of the stock is currently 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.