Jefferies Group LLC Lowers RadiSys Corporation (RSYS) Price Target to $6.75
Other analysts have also recently issued research reports about the company. Zacks Investment Research cut RadiSys Corporation from a hold rating to a sell rating in a report on Friday, October 21st. Needham & Company LLC reissued a buy rating and set a $5.00 price objective (down previously from $6.00) on shares of RadiSys Corporation in a report on Friday, February 10th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $5.55.
RadiSys Corporation (NASDAQ:RSYS) traded down 2.54% during mid-day trading on Friday, hitting $3.83. The stock had a trading volume of 289,488 shares. RadiSys Corporation has a 52 week low of $2.54 and a 52 week high of $5.81. The firm’s market cap is $147.33 million. The company’s 50 day moving average price is $4.38 and its 200 day moving average price is $4.69.
RadiSys Corporation (NASDAQ:RSYS) last posted its quarterly earnings results on Thursday, February 9th. The company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. The company earned $40.60 million during the quarter, compared to the consensus estimate of $42.07 million. RadiSys Corporation had a positive return on equity of 9.36% and a negative net margin of 4.83%. The firm’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.08 EPS. Analysts anticipate that RadiSys Corporation will post $0.11 earnings per share for the current year.
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In related news, CEO Brian Bronson sold 120,000 shares of the stock in a transaction dated Tuesday, February 14th. The stock was sold at an average price of $3.88, for a total transaction of $465,600.00. Following the sale, the chief executive officer now owns 495,662 shares of the company’s stock, valued at approximately $1,923,168.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.90% of the company’s stock.
A number of hedge funds have recently modified their holdings of RSYS. Silver Capital Management LLC boosted its stake in shares of RadiSys Corporation by 18.2% in the third quarter. Silver Capital Management LLC now owns 20,103 shares of the company’s stock worth $107,000 after buying an additional 3,100 shares during the period. Sei Investments Co. boosted its stake in shares of RadiSys Corporation by 90.8% in the third quarter. Sei Investments Co. now owns 30,002 shares of the company’s stock worth $160,000 after buying an additional 14,276 shares during the period. Hillsdale Investment Management Inc. bought a new stake in shares of RadiSys Corporation during the second quarter worth about $246,000. Moors & Cabot Inc. boosted its stake in shares of RadiSys Corporation by 41.8% in the third quarter. Moors & Cabot Inc. now owns 50,900 shares of the company’s stock worth $271,000 after buying an additional 15,000 shares during the period. Finally, Schwab Charles Investment Management Inc. bought a new stake in shares of RadiSys Corporation during the second quarter worth about $287,000. 61.23% of the stock is currently owned by institutional investors and hedge funds.
About RadiSys Corporation
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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