Boston, MA 06/07/2013 (wallstreetpr) – The shares of RADCOM Ltd. (NASDAQ:RDCM) had surged to close at $3.19 on Thursday, which was observed to be a gain of 5.28 percent over the previous closing price. The shares of the company had recorded an intraday high price of $3.60 per share and an intraday low price of $3.05 per share.
RADCOM Ltd. (NASDAQ:RDCM) is engaged in providing service assurance and customer experience monitoring solutions for communications services providers and equipment vendors. The company had recently received product orders from two Tier I telecommunications operators playing in the Russian market. RADCOM Ltd. (NASDAQ:RDCM) had thereby offered the operators with effective monitoring solutions of high standard, widespread deployment and superior technological capabilities.
Further, RADCOM Ltd. (NASDAQ:RDCM) had also provided its LTE solution to one of the Russian operators, thereby strengthening its position in the LTE market. The LTE and GN data monitoring solution provided by the company would prove to be cost effective and simple to manage the increasing demand for mobile broadband services in the network. RADCOM Ltd. (NASDAQ:RDCM) had thereby been successful in providing innovative service assurance and customer experience monitoring solutions to the two Russian operators.
The shares of RADCOM Ltd. (NASDAQ:RDCM) had recorded 52 week low price level of $2.08 per share and 52 week high price level of $4.80 per share. The company had witnessed the trade of 41,051 shares on Thursday, while the average trading volume for RADCOM Ltd. (NASDAQ:RDCM) is at 24,213 shares per day.
RADCOM Ltd. (NASDAQ:RDCM) holds 6.42 million shares outstanding in the market with an institutional ownership of 2 percent.