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

StockNews.com lowered shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a report issued on Saturday.

RADCOM Stock Up 10.5 %

RDCM stock opened at $13.38 on Friday. The company’s 50-day moving average price is $11.75 and its two-hundred day moving average price is $10.54. The firm has a market cap of $209.56 million, a P/E ratio of 28.47 and a beta of 0.89. RADCOM has a 12 month low of $7.71 and a 12 month high of $13.98.

Institutional Investors Weigh In On RADCOM

An institutional investor recently raised its position in RADCOM stock. Acadian Asset Management LLC boosted its holdings in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,808 shares of the technology company’s stock after buying an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned approximately 0.62% of RADCOM worth $881,000 at the end of the most recent reporting period. Institutional investors 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.