Needham & Company LLC Reiterates Buy Rating for RADCOM (NASDAQ:RDCM)

Needham & Company LLC restated their buy rating on shares of RADCOM (NASDAQ:RDCM - Free Report) in a research note published on Friday morning,Benzinga reports. They currently have a $16.00 target price on the technology company's stock.

Separately, StockNews.com downgraded shares of RADCOM from a "strong-buy" rating to a "buy" rating in a research report on Saturday, January 11th.

RADCOM Stock Down 2.0 %

Shares of RADCOM stock traded down $0.28 during midday trading on Friday, hitting $13.82. The company's stock had a trading volume of 62,857 shares, compared to its average volume of 89,136. RADCOM has a 1-year low of $7.88 and a 1-year high of $14.33. The firm has a market capitalization of $216.45 million, a P/E ratio of 29.49 and a beta of 0.89. The stock has a 50-day simple moving average of $11.88 and a 200-day simple moving average of $10.62.

Institutional Investors Weigh In On RADCOM

A hedge fund recently raised its stake in RADCOM stock. Janney Montgomery Scott LLC grew its holdings in RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 313,211 shares of the technology company's stock after acquiring an additional 9,147 shares during the period. Janney Montgomery Scott LLC owned 2.00% of RADCOM worth $3,871,000 as of its most recent SEC filing. Institutional investors 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.