-$0.17 EPS Expected for RadiSys Corporation (RSYS) This Quarter
Equities analysts expect RadiSys Corporation (NASDAQ:RSYS) to report ($0.17) earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for RadiSys Corporation’s earnings. The highest EPS estimate is ($0.10) and the lowest is ($0.31). RadiSys Corporation reported earnings of $0.04 per share in the same quarter last year, which indicates a negative year over year growth rate of 525%. The firm is expected to announce its next earnings report on Tuesday, October 24th.
On average, analysts expect that RadiSys Corporation will report full year earnings of ($0.44) per share for the current financial year, with EPS estimates ranging from ($0.55) to ($0.39). For the next year, analysts expect that the company will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.27) to ($0.22). Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover RadiSys Corporation.
RadiSys Corporation (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The firm had revenue of $35.09 million during the quarter, compared to the consensus estimate of $35.05 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The business’s revenue was down 42.7% on a year-over-year basis.
Several research firms have recently commented on RSYS. Lake Street Capital restated a “buy” rating and set a $3.00 price objective (down previously from $4.50) on shares of RadiSys Corporation in a report on Wednesday, August 2nd. Zacks Investment Research downgraded RadiSys Corporation from a “hold” rating to a “strong sell” rating in a report on Saturday, May 6th. Jefferies Group LLC reaffirmed a “buy” rating and set a $6.25 target price (down previously from $6.75) on shares of RadiSys Corporation in a research report on Tuesday, July 25th. Roth Capital set a $6.00 target price on RadiSys Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $2.50 target price (down previously from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $3.63.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Herald Investment Management Ltd boosted its position in shares of RadiSys Corporation by 32.9% in the first quarter. Herald Investment Management Ltd now owns 605,500 shares of the technology company’s stock valued at $2,415,000 after buying an additional 150,000 shares during the last quarter. AXA bought a new position in shares of RadiSys Corporation during the first quarter valued at about $383,000. S Squared Technology LLC boosted its position in shares of RadiSys Corporation by 2,969.0% in the first quarter. S Squared Technology LLC now owns 306,902 shares of the technology company’s stock valued at $1,228,000 after buying an additional 296,902 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in shares of RadiSys Corporation by 27.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,717,437 shares of the technology company’s stock valued at $6,870,000 after buying an additional 369,827 shares during the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of RadiSys Corporation during the first quarter valued at about $2,362,000. 57.29% of the stock is currently owned by institutional investors.
Shares of RadiSys Corporation (NASDAQ:RSYS) opened at 1.55 on Wednesday. The stock has a 50 day moving average price of $2.56 and a 200 day moving average price of $3.58. The firm’s market cap is $60.52 million. RadiSys Corporation has a 12-month low of $1.47 and a 12-month high of $5.81.
RadiSys Corporation 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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