Zacks Investment Research upgraded shares of RadiSys Corporation (NASDAQ:RSYS) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “

Several other research analysts have also recently commented on RSYS. Lake Street Capital reaffirmed a buy rating and set a $3.00 target price (down from $4.50) on shares of RadiSys Corporation in a report on Tuesday, August 8th. Needham & Company LLC reaffirmed a buy rating and set a $2.50 target price (down from $4.50) on shares of RadiSys Corporation in a report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a buy rating and set a $3.00 target price (down from $6.25) on shares of RadiSys Corporation in a report on Wednesday, August 2nd. Roth Capital set a $6.00 target price on shares of RadiSys Corporation and gave the stock a buy rating in a report on Friday, July 28th. Finally, ValuEngine cut shares of RadiSys Corporation from a sell rating to a strong sell rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. RadiSys Corporation presently has an average rating of Buy and an average target price of $3.60.

RadiSys Corporation (NASDAQ RSYS) traded down 2.17% during midday trading on Wednesday, reaching $1.35. The company’s stock had a trading volume of 256,950 shares. The firm’s market cap is $52.71 million. The firm has a 50 day moving average price of $1.49 and a 200-day moving average price of $2.93. RadiSys Corporation has a 52 week low of $1.35 and a 52 week high of $5.47.

RadiSys Corporation (NASDAQ:RSYS) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. RadiSys Corporation had a negative net margin of 14.38% and a negative return on equity of 14.12%. The company had revenue of $35.09 million for the quarter, compared to analysts’ expectations of $35.05 million. During the same period last year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was down 42.7% on a year-over-year basis. On average, analysts forecast that RadiSys Corporation will post ($0.34) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. S Squared Technology LLC boosted its position in shares of RadiSys Corporation by 34.7% during the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after acquiring an additional 106,500 shares in the last quarter. Cadence Capital Management LLC boosted its position in shares of RadiSys Corporation 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 acquiring an additional 7,858 shares in the last quarter. Paradigm Capital Management Inc. NY boosted its position in shares of RadiSys Corporation by 24.4% during 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 acquiring an additional 577,132 shares in the last quarter. Malaga Cove Capital LLC boosted its position in shares of RadiSys Corporation by 67.0% during the 2nd quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock worth $139,000 after acquiring an additional 14,750 shares in the last quarter. Finally, AXA acquired a new stake in shares of RadiSys Corporation during the 1st quarter worth approximately $383,000. Institutional investors and hedge funds own 58.70% of the company’s stock.

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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Analyst Recommendations for RadiSys Corporation (NASDAQ:RSYS)

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