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StockNews.com Downgrades RADCOM (NASDAQ:RDCM) to Buy

RADCOM logo with Computer and Technology background

RADCOM (NASDAQ:RDCM - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Tuesday.

RADCOM Stock Up 1.9 %

Shares of NASDAQ RDCM traded up $0.23 during midday trading on Tuesday, reaching $12.10. The company had a trading volume of 40,867 shares, compared to its average volume of 40,288. The stock has a market cap of $189.51 million, a PE ratio of 25.74 and a beta of 0.89. RADCOM has a one year low of $7.70 and a one year high of $12.84. The firm's fifty day moving average price is $11.29 and its 200-day moving average price is $10.28.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RADCOM stock. Acadian Asset Management LLC lifted its holdings in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 6.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,808 shares of the technology company's stock after acquiring an additional 5,628 shares during the quarter. Acadian Asset Management LLC owned approximately 0.62% of RADCOM worth $881,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 48.32% of the company's stock.

RADCOM Company Profile

(Get Free Report)

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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