RadiSys Co. (RSYS) Given Consensus Rating of “Buy” by Analysts
RadiSys Co. (NASDAQ:RSYS) has been given a consensus recommendation of “Buy” by the seven research firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.60.
A number of equities analysts have weighed in on the company. Jefferies Group LLC restated a “buy” rating and issued a $6.25 target price (down from $6.75) on shares of RadiSys in a research note on Tuesday, July 25th. Needham & Company LLC cut their price objective on RadiSys from $4.50 to $2.50 and set a “buy” rating for the company in a report on Wednesday, August 2nd. Lake Street Capital reiterated a “buy” rating and issued a $3.00 price objective (down from $4.50) on shares of RadiSys in a report on Wednesday, August 2nd. Roth Capital set a $6.00 price objective on RadiSys and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, ValuEngine cut RadiSys from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st.
RadiSys (NASDAQ:RSYS) opened at $0.78 on Wednesday. RadiSys has a one year low of $0.63 and a one year high of $5.26.
RadiSys (NASDAQ:RSYS) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The business had revenue of $28.80 million during the quarter, compared to the consensus estimate of $28.11 million. RadiSys had a negative return on equity of 188.77% and a negative net margin of 53.56%. RadiSys’s revenue was down 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.07 earnings per share. equities research analysts anticipate that RadiSys will post -0.59 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Moors & Cabot Inc. boosted its holdings in shares of RadiSys by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after purchasing an additional 200 shares in the last quarter. State Street Corp boosted its holdings in shares of RadiSys by 10.1% in the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 47,538 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of RadiSys by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 49,835 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its holdings in shares of RadiSys by 24.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock worth $11,056,000 after purchasing an additional 577,132 shares in the last quarter. Finally, S Squared Technology LLC boosted its holdings in shares of RadiSys by 34.7% in the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 106,500 shares in the last quarter. Hedge funds and other institutional investors own 52.85% of the company’s stock.
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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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