RADCOM (NASDAQ:RDCM) Upgraded at StockNews.com

StockNews.com upgraded shares of RADCOM (NASDAQ:RDCMFree Report) from a buy rating to a strong-buy rating in a research note released on Thursday morning.

Separately, Needham & Company LLC reissued a buy rating and set a $14.00 price target on shares of RADCOM in a research report on Thursday, May 16th.

Get Our Latest Analysis on RADCOM

RADCOM Stock Down 0.4 %

Shares of RDCM stock opened at $9.15 on Thursday. RADCOM has a 12 month low of $7.52 and a 12 month high of $12.10. The company’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $9.21. The firm has a market cap of $141.55 million, a PE ratio of 36.60 and a beta of 0.76.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RDCM. Quadrature Capital Ltd acquired a new stake in shares of RADCOM in the 1st quarter valued at approximately $159,000. Acadian Asset Management LLC lifted its stake in RADCOM by 39.9% in the third quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock valued at $555,000 after acquiring an additional 18,681 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of RADCOM by 18.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after acquiring an additional 18,100 shares during the period. Russell Investments Group Ltd. increased its stake in shares of RADCOM by 4.4% during the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock worth $1,301,000 after purchasing an additional 4,935 shares during the last quarter. Finally, P.A.W. Capital Corp raised its holdings in shares of RADCOM by 56.3% in the 4th quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock valued at $2,015,000 after purchasing an additional 90,000 shares during the period. 48.32% of the stock is currently owned by institutional investors.

RADCOM Company Profile

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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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