RADCOM (NASDAQ:RDCM) Earns “Buy” Rating from Needham & Company LLC

RADCOM (NASDAQ:RDCM)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a research note issued on Friday,Benzinga reports. They currently have a $16.00 target price on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 13.48% from the stock’s current price.

Separately, StockNews.com cut RADCOM from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 11th.

RADCOM Price Performance

RDCM stock opened at $14.10 on Friday. The firm has a market cap of $220.81 million, a PE ratio of 30.00 and a beta of 0.89. RADCOM has a 12 month low of $7.72 and a 12 month high of $14.13. The firm has a 50 day simple moving average of $11.88 and a 200 day simple moving average of $10.62.

Hedge Funds 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) by 30.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 304,064 shares of the technology company’s stock after purchasing an additional 70,544 shares during the period. Janney Montgomery Scott LLC owned approximately 1.94% of RADCOM worth $3,144,000 as of its most recent SEC filing. 48.32% of the stock is owned by institutional investors.

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.