RadiSys (NASDAQ:RSYS)‘s stock had its “buy” rating reissued by research analysts at Roth Capital in a research report issued to clients and investors on Monday, December 4th.
Several other research firms also recently weighed in on RSYS. Needham & Company LLC restated a “buy” rating and issued a $2.50 target price (down previously from $4.50) on shares of RadiSys in a research report on Tuesday, August 8th. Lake Street Capital restated a “buy” rating and issued a $3.00 target price (down previously from $4.50) on shares of RadiSys in a research report on Tuesday, August 8th. ValuEngine downgraded RadiSys from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Jefferies Group reiterated a “buy” rating and set a $3.00 price objective on shares of RadiSys in a research report on Sunday, September 10th. Finally, DA Davidson reiterated a “buy” rating and set a $3.50 price objective on shares of RadiSys in a research report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $3.60.
RadiSys (RSYS) remained flat at $$0.84 during trading on Monday. 771,988 shares of the stock were exchanged, compared to its average volume of 1,891,729. RadiSys has a fifty-two week low of $0.63 and a fifty-two week high of $5.26.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The business had revenue of $28.80 million for the quarter, compared to analysts’ expectations of $28.11 million. RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The business’s revenue for the quarter was down 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. analysts expect that RadiSys will post -0.59 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of RSYS. Geode Capital Management LLC grew its stake in shares of RadiSys by 3.9% in the first quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock valued at $1,018,000 after buying an additional 9,654 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in RadiSys by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,488,774 shares of the technology company’s stock worth $5,955,000 after purchasing an additional 19,511 shares in the last quarter. Rhumbline Advisers grew its stake in RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after purchasing an additional 8,575 shares in the last quarter. Bank of New York Mellon Corp grew its stake in RadiSys by 19.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after purchasing an additional 25,495 shares in the last quarter. Finally, Cadence Capital Management LLC grew its stake in RadiSys by 5.8% during the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after purchasing an additional 7,858 shares in the last quarter. 57.21% of the stock is owned by institutional investors and hedge funds.
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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.
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