RADCOM (NASDAQ:RDCM) Downgraded by StockNews.com to Buy

RADCOM (NASDAQ:RDCM - Get Free Report) was downgraded by investment analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

RADCOM Stock Up 10.5 %

Shares of RDCM traded up $1.27 during mid-day trading on Friday, hitting $13.38. 187,013 shares of the company traded hands, compared to its average volume of 76,319. The business has a 50 day moving average of $11.75 and a 200 day moving average of $10.54. The company has a market capitalization of $209.56 million, a PE ratio of 28.47 and a beta of 0.89. RADCOM has a 1-year low of $7.71 and a 1-year high of $13.98.

Institutional Investors Weigh In On RADCOM

An institutional investor recently raised its position in RADCOM stock. Janney Montgomery Scott LLC raised its position in shares of RADCOM Ltd. (NASDAQ:RDCM - Free Report) by 30.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 304,064 shares of the technology company's stock after purchasing an additional 70,544 shares during the quarter. Janney Montgomery Scott LLC owned 1.94% of RADCOM worth $3,144,000 at the end of the most recent reporting period. 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.