RADCOM (NASDAQ:RDCM) Stock Rating Lowered by StockNews.com

RADCOM (NASDAQ:RDCM) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of RADCOM in a research report on Friday, January 17th.

RADCOM Trading Up 2.6 %

Shares of RDCM stock opened at $15.40 on Thursday. The firm has a market capitalization of $241.16 million, a price-to-earnings ratio of 32.77 and a beta of 0.90. The firm’s 50 day moving average is $12.58 and its 200-day moving average is $11.07. RADCOM has a 1 year low of $8.52 and a 1 year high of $15.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC raised its stake in shares of RADCOM by 30.2% during the third quarter. Janney Montgomery Scott LLC now owns 304,064 shares of the technology company’s stock worth $3,144,000 after buying an additional 70,544 shares during the last quarter. Legato Capital Management LLC acquired a new stake in RADCOM during the 4th quarter worth $848,000. Acuitas Investments LLC raised its position in shares of RADCOM by 21.6% during the 4th quarter. Acuitas Investments LLC now owns 183,498 shares of the technology company’s stock valued at $2,268,000 after acquiring an additional 32,631 shares during the last quarter. Finally, Essex Investment Management Co. LLC acquired a new position in shares of RADCOM in the 4th quarter valued at $2,832,000. 48.32% of the stock is currently owned by institutional investors and hedge funds.

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.