RADCOM (NASDAQ:RDCM - Get Free Report) was upgraded by equities researchers at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.
Separately, Needham & Company LLC reaffirmed a "buy" rating and set a $14.00 target price on shares of RADCOM in a report on Thursday, August 8th.
Check Out Our Latest Report on RDCM
RADCOM Trading Down 1.4 %
Shares of NASDAQ:RDCM traded down $0.16 during trading on Friday, reaching $11.62. The company had a trading volume of 52,488 shares, compared to its average volume of 38,012. The company has a fifty day moving average of $10.52 and a two-hundred day moving average of $9.88. The stock has a market capitalization of $181.97 million, a P/E ratio of 25.06 and a beta of 0.86. RADCOM has a 12 month low of $7.70 and a 12 month high of $12.44.
Institutional Investors Weigh In On RADCOM
A number of large investors have recently added to or reduced their stakes in RDCM. Russell Investments Group Ltd. lifted its position in shares of RADCOM by 4.4% in the 1st quarter. Russell Investments Group Ltd. now owns 116,551 shares of the technology company's stock worth $1,301,000 after purchasing an additional 4,935 shares during the period. Acadian Asset Management LLC lifted its position in RADCOM by 6.2% during the 2nd quarter. Acadian Asset Management LLC now owns 95,808 shares of the technology company's stock valued at $881,000 after acquiring an additional 5,628 shares during the period. Quadrature Capital Ltd purchased a new position in RADCOM during the 1st quarter valued at about $159,000. AWM Investment Company Inc. lifted its position in RADCOM by 5.7% during the 1st quarter. AWM Investment Company Inc. now owns 840,795 shares of the technology company's stock valued at $9,383,000 after acquiring an additional 45,000 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in RADCOM by 30.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company's stock valued at $3,144,000 after purchasing an additional 70,544 shares in the last quarter. Institutional investors own 48.32% of the company's stock.
About RADCOM
(
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.
Further Reading
Before you consider RADCOM, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and RADCOM wasn't on the list.
While RADCOM currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
