StockNews.com lowered shares of RADCOM (NASDAQ:RDCM – Free Report) from a strong-buy rating to a buy rating in a research report sent to investors on Tuesday morning.
RADCOM Trading Up 1.9 %
Shares of RADCOM stock opened at $12.10 on Tuesday. The firm’s 50-day moving average price is $11.29 and its 200 day moving average price is $10.28. RADCOM has a twelve month low of $7.70 and a twelve month high of $12.84. The firm has a market capitalization of $189.51 million, a PE 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. Acadian Asset Management LLC grew its holdings in RADCOM Ltd. (NASDAQ:RDCM – Free Report) by 6.2% during the second 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 purchasing an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned about 0.62% of RADCOM worth $881,000 as of its most recent SEC filing. Institutional investors 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.
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