RADCOM (NASDAQ:RDCM) Rating Increased to Strong-Buy at StockNews.com

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

RADCOM Stock Up 4.2 %

Shares of RDCM opened at $12.15 on Friday. The firm has a 50-day moving average price of $11.54 and a 200 day moving average price of $10.44. The firm has a market capitalization of $190.29 million, a PE ratio of 25.85 and a beta of 0.89. RADCOM has a 52-week low of $7.70 and a 52-week high of $12.84.

Hedge Funds Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Acadian Asset Management LLC boosted its stake in RADCOM Ltd. (NASDAQ:RDCM) by 6.2% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,808 shares of the technology company’s stock after buying an additional 5,628 shares during the period. Acadian Asset Management LLC owned 0.62% of RADCOM worth $881,000 at the end of the most recent quarter. 48.32% of the stock is owned by hedge funds and other institutional investors.

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.