StockNews.com Downgrades RADCOM (NASDAQ:RDCM) to Buy

by · The Markets Daily

RADCOM (NASDAQ:RDCM – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday.

RADCOM Stock Performance

RDCM stock opened at $12.10 on Tuesday. The firm has a 50 day simple moving average of $11.32 and a 200 day simple moving average of $10.29. RADCOM has a 52 week low of $7.70 and a 52 week high of $12.84. The stock has a market cap of $189.51 million, a P/E ratio of 25.74 and a beta of 0.89.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC boosted its position in shares of RADCOM Ltd. (NASDAQ:RDCM – Free Report) by 30.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 304,064 shares of the technology company’s stock after purchasing an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 at the end of the most recent reporting period. 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.

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