StockNews.com Upgrades RADCOM (NASDAQ:RDCM) to Strong-Buy

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM) from a buy rating to a strong-buy rating in a research report sent to investors on Friday.

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

RADCOM Stock Down 1.4 %

Shares of RDCM stock opened at $11.62 on Friday. The firm has a market cap of $181.97 million, a price-to-earnings ratio of 24.72 and a beta of 0.86. RADCOM has a 12 month low of $7.70 and a 12 month high of $12.44. The stock has a 50-day moving average price of $10.56 and a 200 day moving average price of $9.90.

Institutional Investors Weigh In On RADCOM

A number of institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased 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 purchasing an additional 4,935 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of RADCOM by 34.1% during the 1st quarter. Acadian Asset Management LLC now owns 90,180 shares of the technology company’s stock worth $987,000 after buying an additional 22,923 shares during the period. Quadrature Capital Ltd bought a new stake in shares of RADCOM in the 1st quarter valued at about $159,000. AWM Investment Company Inc. increased its stake in shares of RADCOM by 5.7% in the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after acquiring an additional 45,000 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of RADCOM by 30.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after acquiring an additional 70,544 shares during the period. 48.32% of the stock is owned by institutional investors and hedge funds.

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.