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

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

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

RADCOM Price Performance

Shares of RADCOM stock opened at $15.01 on Thursday. The firm has a 50 day simple moving average of $12.51 and a 200 day simple moving average of $11.05. RADCOM has a fifty-two week low of $8.52 and a fifty-two week high of $15.98. The firm has a market cap of $235.06 million, a P/E ratio of 31.94 and a beta of 0.90.

Institutional Investors Weigh In On RADCOM

Several institutional investors have recently modified their holdings of RDCM. Janney Montgomery Scott LLC lifted its holdings in 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 buying an additional 70,544 shares during the period. Legato Capital Management LLC bought a new stake in shares of RADCOM during the 4th quarter valued at $848,000. Finally, Acuitas Investments LLC lifted its stake in shares of RADCOM by 21.6% in the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after purchasing an additional 32,631 shares during the period. Institutional investors and hedge funds own 48.32% of the company’s stock.

RADCOM Company Profile

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.