RADCOM (NASDAQ:RDCM – Get Free Report) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.
RADCOM Stock Up 1.4 %
Shares of NASDAQ:RDCM opened at $11.97 on Monday. The company has a 50 day moving average of $11.20 and a two-hundred day moving average of $10.21. RADCOM has a 52-week low of $7.70 and a 52-week high of $12.84. The company has a market capitalization of $187.45 million, a price-to-earnings ratio of 25.47 and a beta of 0.89.
Hedge Funds Weigh In On RADCOM
An institutional investor recently raised its position in RADCOM stock. Acadian Asset Management LLC grew its holdings in shares of RADCOM Ltd. (NASDAQ:RDCM – Free Report) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 95,808 shares of the technology company’s stock after buying an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned 0.62% of RADCOM worth $881,000 as of its most recent SEC filing. 48.32% of the stock is owned by hedge funds and other institutional investors.
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.
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