RadiSys Corporation (RSYS) Receives Average Rating of “Hold” from Analysts
Shares of RadiSys Corporation (NASDAQ:RSYS) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $3.00.
RSYS has been the subject of a number of recent analyst reports. DA Davidson reiterated a “buy” rating and set a $3.50 target price 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 set a $3.00 target price on shares of RadiSys in a research report on Sunday, September 10th. ValuEngine downgraded RadiSys from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. Finally, Roth Capital reiterated a “buy” rating on shares of RadiSys in a research report on Monday, December 4th.
Shares of RadiSys (NASDAQ RSYS) opened at $0.91 on Friday. RadiSys has a 1 year low of $0.63 and a 1 year high of $5.26.
RadiSys (NASDAQ:RSYS) last released 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 company 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 business’s revenue was down 48.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.07 earnings per share. equities analysts forecast that RadiSys will post -0.59 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. S Squared Technology LLC increased its holdings in 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. Cadence Capital Management LLC increased its stake in shares of RadiSys by 5.8% in the second quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock valued at $542,000 after buying an additional 7,858 shares during the period. Paradigm Capital Management Inc. NY increased its stake in shares of RadiSys by 24.4% in 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 increased its stake in shares of RadiSys by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,488,774 shares of the technology company’s stock valued at $5,955,000 after buying an additional 19,511 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of RadiSys by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock valued at $585,000 after buying an additional 25,495 shares during the period. 57.21% of the stock is owned by institutional investors and hedge funds.
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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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