RADCOM (NASDAQ:RDCM) Upgraded to “Strong-Buy” at StockNews.com

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

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

RADCOM Stock Up 4.7 %

NASDAQ RDCM opened at $11.78 on Friday. RADCOM has a 52-week low of $7.69 and a 52-week high of $12.44. The stock has a market capitalization of $184.47 million, a P/E ratio of 25.06 and a beta of 0.86. The firm has a 50-day moving average price of $10.52 and a 200 day moving average price of $9.88.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RDCM. Quadrature Capital Ltd purchased a new position in RADCOM in the first quarter valued at about $159,000. Acadian Asset Management LLC grew its position in shares of RADCOM by 6.2% in the second quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company’s stock valued at $881,000 after purchasing an additional 5,628 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of RADCOM by 4.4% in the first quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company’s stock valued at $1,301,000 after purchasing an additional 4,935 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of RADCOM by 30.2% in the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock valued at $3,144,000 after purchasing an additional 70,544 shares during the last quarter. Finally, AWM Investment Company Inc. grew its position in shares of RADCOM by 5.7% in the first quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company’s stock valued at $9,383,000 after purchasing an additional 45,000 shares during the last quarter. 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.