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

RADCOM (NASDAQ:RDCM) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday.

Separately, Needham & Company LLC reissued a “buy” rating and issued a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.

RADCOM Stock Down 1.7 %

NASDAQ RDCM opened at $12.19 on Wednesday. RADCOM has a 52 week low of $7.70 and a 52 week high of $12.84. The firm has a 50 day moving average of $10.93 and a two-hundred day moving average of $10.05. The stock has a market capitalization of $190.90 million, a PE ratio of 25.94 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 grew its stake in RADCOM Ltd. (NASDAQ:RDCM) by 30.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 304,064 shares of the technology company’s stock after buying 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 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.