StockNews.com upgraded shares of RADCOM (NASDAQ:RDCM – Free Report) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.
RADCOM Stock Performance
Shares of NASDAQ:RDCM opened at $11.57 on Monday. RADCOM has a 52-week low of $7.70 and a 52-week high of $12.84. The company has a market capitalization of $181.19 million, a P/E ratio of 24.62 and a beta of 0.89. The company has a 50-day simple moving average of $11.21 and a 200 day simple moving average of $10.22.
Institutional Investors Weigh In On RADCOM
A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC grew its stake in shares of RADCOM Ltd. (NASDAQ:RDCM – Free Report) by 30.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 304,064 shares of the technology company’s stock after acquiring 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 quarter. Hedge funds and other 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.
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