StockNews.com Downgrades RADCOM (NASDAQ:RDCM) to Buy

RADCOM (NASDAQ:RDCM) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday.

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

RADCOM Price Performance

RADCOM stock traded up $0.51 during mid-day trading on Wednesday, reaching $12.40. 131,334 shares of the company were exchanged, compared to its average volume of 39,869. The company has a fifty day simple moving average of $10.88 and a 200-day simple moving average of $10.03. RADCOM has a 12 month low of $7.70 and a 12 month high of $12.84. The firm has a market cap of $194.18 million, a PE ratio of 26.38 and a beta of 0.89.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC increased its position in shares of RADCOM Ltd. (NASDAQ:RDCM) by 30.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 304,064 shares of the technology company’s stock after acquiring an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned about 1.94% of RADCOM worth $3,144,000 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.