RADCOM (NASDAQ:RDCM) Stock Rating Lowered by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

RADCOM Stock Up 10.5 %

RDCM opened at $13.38 on Friday. The firm has a market cap of $209.56 million, a PE ratio of 28.47 and a beta of 0.89. The business has a fifty day simple moving average of $11.75 and a 200-day simple moving average of $10.55. RADCOM has a fifty-two week low of $7.71 and a fifty-two week high of $13.98.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC grew its stake in shares of RADCOM Ltd. (NASDAQ:RDCM) by 6.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,808 shares of the technology company’s stock after acquiring an additional 5,628 shares during the period. Acadian Asset Management LLC owned 0.62% of RADCOM worth $881,000 as of its most recent SEC filing. Hedge funds and other 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.