RADCOM (NASDAQ:RDCM) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of RADCOM (NASDAQ:RDCMFree Report) in a report issued on Wednesday morning. The firm issued a strong-buy rating on the technology company’s stock.

Separately, Needham & Company LLC upgraded RADCOM from a hold rating to a buy rating and set a $14.00 target price for the company in a research note on Thursday, January 25th.

Check Out Our Latest Stock Report on RDCM

RADCOM Trading Up 0.5 %

NASDAQ:RDCM opened at $9.41 on Wednesday. RADCOM has a twelve month low of $7.52 and a twelve month high of $12.10. The company has a market cap of $145.57 million, a PE ratio of 37.64 and a beta of 0.76. The company’s 50 day moving average is $9.98 and its two-hundred day moving average is $9.15.

Hedge Funds Weigh In On RADCOM

Several institutional investors and hedge funds have recently modified their holdings of RDCM. Quadrature Capital Ltd purchased a new position in RADCOM during the first quarter valued at approximately $159,000. Acadian Asset Management LLC increased its holdings in shares of RADCOM by 39.9% during the 3rd quarter. Acadian Asset Management LLC now owns 65,524 shares of the technology company’s stock valued at $555,000 after purchasing an additional 18,681 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 18.8% during the 3rd quarter. Janney Montgomery Scott LLC now owns 114,181 shares of the technology company’s stock valued at $992,000 after purchasing an additional 18,100 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of RADCOM by 4.4% in the 1st 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 period. Finally, P.A.W. Capital Corp boosted its holdings in RADCOM by 56.3% during the fourth quarter. P.A.W. Capital Corp now owns 250,000 shares of the technology company’s stock worth $2,015,000 after buying an additional 90,000 shares in the last quarter. Institutional investors and hedge funds own 48.32% of the company’s stock.

About RADCOM

(Get Free Report)

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.

Further Reading

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