RadiSys (RSYS) Earns “Buy” Rating from DA Davidson
RadiSys (NASDAQ:RSYS)‘s stock had its “buy” rating reiterated by analysts at DA Davidson in a research report issued to clients and investors on Thursday.
A number of other analysts have also issued reports on RSYS. Zacks Investment Research lowered shares of RadiSys from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. Finally, ValuEngine raised shares of RadiSys from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $3.60.
Shares of RadiSys (NASDAQ RSYS) opened at $0.83 on Thursday. RadiSys has a 1 year low of $0.63 and a 1 year high of $4.39. The stock has a market cap of $32.69, a P/E ratio of -0.62 and a beta of 0.79.
Large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp raised its stake in RadiSys by 19.6% during the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after purchasing an additional 25,495 shares during the period. Rhumbline Advisers raised its stake in RadiSys by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after purchasing an additional 8,575 shares during the period. Dimensional Fund Advisors LP raised its stake in RadiSys by 3.3% during the second 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 during the period. State Street Corp raised its stake in RadiSys by 10.1% during the second 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 during the period. Finally, B. Riley Financial Inc. raised its stake in RadiSys by 300.0% during the fourth quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock worth $201,000 after purchasing an additional 150,000 shares during the period. 57.07% of the stock is currently owned by institutional investors.
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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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