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

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

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

RADCOM Stock Performance

Shares of RDCM stock remained flat at $13.35 during mid-day trading on Friday. 44,782 shares of the stock traded hands, compared to its average volume of 83,485. The firm has a market cap of $209.09 million, a price-to-earnings ratio of 28.40 and a beta of 0.89. The company has a fifty day simple moving average of $12.24 and a 200-day simple moving average of $10.79. RADCOM has a one year low of $8.52 and a one year high of $14.32.

Institutional Trading of RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC grew its position in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,064 shares of the technology company’s stock after buying an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 at the end of the most recent quarter. Institutional investors own 48.32% of the company’s stock.

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.