24/7 Market News Snapshot 13 November, 2024 – Radcom Ltd. (NASDAQ:RDCM)

November 13, 2024

DENVER, Colo., 13 November, 2024 (247marketnews.com) – (NASDAQ:RDCM) are discussed in this article.
RADCOM Ltd. is currently experiencing a significant uptick in its stock performance, with shares opening at $11.20 and trading at $12.12, representing a striking increase of approximately 12.85%. This upward trend follows a previous close of $10.74, indicating strong bullish momentum and heightened investor interest, as evidenced by a trading volume of 511.07K shares. Analysts are now closely monitoring potential resistance levels above the current price and support levels around $11.20.

In tandem with the positive market reception, RADCOM has announced the strategic appointment of Mr. Benny Eppstein as its new Chief Executive Officer, effective December 1, 2024. Eppstein brings over two decades of experience in the telecommunications industry, having previously held significant leadership positions at Amdocs and Ericsson. His most recent role was as General Manager and Division President at Amdocs for Canada, where he successfully managed high-profile client relationships and delivered innovative solutions tailored to the evolving telecom landscape.

Upon his appointment, Eppstein expressed enthusiasm for joining RADCOM, particularly as the company is lauded for its cutting-edge network intelligence solutions that support telecom operators in adapting to 5G and cloud technologies. He stated his commitment to leveraging RADCOM’s growth potential to enhance global sales and improve customer value. Heli (Rachel) Bennun, Active Chairman of RADCOM’s Board, commended Eppstein’s extensive experience in crucial markets, emphasizing its importance in propelling the company’s growth. Hilik Itman, who has served as Interim CEO, will transition back to his role as Chief Operating Officer, focusing on product innovation and customer satisfaction. This leadership change signals RADCOM’s commitment to advancing in the competitive telecom sector.

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