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

StockNews.com cut shares of RADCOM (NASDAQ:RDCM) from a strong-buy rating to a buy rating in a research note released on Thursday morning.

Separately, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of RADCOM in a research note on Friday, January 17th.

RADCOM Trading Up 1.5 %

NASDAQ RDCM opened at $15.01 on Thursday. RADCOM has a 1-year low of $8.52 and a 1-year high of $15.98. The company has a market capitalization of $235.06 million, a price-to-earnings ratio of 31.94 and a beta of 0.90. The stock’s 50 day moving average is $12.51 and its two-hundred day moving average is $11.05.

Hedge Funds Weigh In On RADCOM

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares in the last quarter. Acuitas Investments LLC grew its position in RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock worth $2,268,000 after acquiring an additional 32,631 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new stake in RADCOM during the 4th quarter valued at $848,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.