RADCOM (NASDAQ:RDCM) Downgraded by StockNews.com to Buy

RADCOM (NASDAQ:RDCM) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

RADCOM Stock Performance

Shares of RADCOM stock opened at $13.38 on Friday. RADCOM has a 52-week low of $7.71 and a 52-week high of $13.98. The company has a fifty day moving average of $11.75 and a 200-day moving average of $10.53. The stock has a market capitalization of $209.56 million, a price-to-earnings ratio of 28.47 and a beta of 0.89.

Institutional Investors Weigh In On RADCOM

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