RadiSys (RSYS) Given Buy Rating at Roth Capital

Roth Capital reissued their buy rating on shares of RadiSys (NASDAQ:RSYS) in a research report sent to investors on Monday morning.

RSYS has been the subject of a number of other reports. Lake Street Capital restated a buy rating and issued a $3.00 price target (down from $4.50) on shares of RadiSys in a research report on Tuesday, August 8th. DA Davidson restated a buy rating and issued a $3.50 price target on shares of RadiSys in a research report on Friday, September 8th. Zacks Investment Research upgraded RadiSys from a sell rating to a hold rating in a research report on Wednesday, October 4th. Jefferies Group reiterated a buy rating and issued a $3.00 target price on shares of RadiSys in a research note on Sunday, September 10th. Finally, ValuEngine lowered RadiSys from a sell rating to a strong sell rating in a research note on Friday, September 1st. Two investment analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $3.60.

RadiSys (NASDAQ RSYS) traded up $0.05 during midday trading on Monday, hitting $0.93. The stock had a trading volume of 16,672,700 shares, compared to its average volume of 371,460. RadiSys has a 52-week low of $0.63 and a 52-week high of $5.26.

RadiSys (NASDAQ:RSYS) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The firm had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.11 million. RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The firm’s revenue was down 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 earnings per share. sell-side analysts predict that RadiSys will post -0.58 earnings per share for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Paradigm Capital Management Inc. NY increased its stake in shares of RadiSys by 24.4% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock valued at $11,056,000 after buying an additional 577,132 shares during the period. Dimensional Fund Advisors LP boosted its position in RadiSys by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 49,835 shares in the last quarter. Royce & Associates LP boosted its position in RadiSys by 0.7% during the second quarter. Royce & Associates LP now owns 763,157 shares of the technology company’s stock valued at $2,869,000 after purchasing an additional 5,000 shares in the last quarter. State Street Corp boosted its position in RadiSys by 10.1% during the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after purchasing an additional 47,538 shares in the last quarter. Finally, S Squared Technology LLC boosted its position in RadiSys by 34.7% during the second quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock valued at $1,554,000 after purchasing an additional 106,500 shares in the last quarter. Hedge funds and other institutional investors own 57.21% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://ledgergazette.com/2017/12/07/radisys-rsys-given-buy-rating-at-roth-capital.html.

RadiSys Company Profile

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

Receive News & Ratings for RadiSys Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply