Zacks Investment Research cut shares of RadiSys (NASDAQ:RSYS) from a hold rating to a strong sell rating in a report released on Thursday, December 7th.
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 analysts have also weighed in on RSYS. ValuEngine lowered RadiSys from a sell rating to a strong sell rating in a research note on Friday, September 1st. DA Davidson reaffirmed a buy rating and issued a $3.50 price objective on shares of RadiSys in a research note on Friday, September 8th. Finally, Jefferies Group reaffirmed a buy rating and issued a $3.00 price objective on shares of RadiSys in a research note on Sunday, September 10th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $3.60.
RadiSys (NASDAQ RSYS) traded down $0.01 on Thursday, hitting $0.99. The stock had a trading volume of 1,117,208 shares, compared to its average volume of 903,750. The firm has a market cap of $38.85, a price-to-earnings ratio of -1.04 and a beta of 1.19. RadiSys has a 12 month low of $0.63 and a 12 month 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 (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The company had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The business’s revenue for the quarter was down 48.0% compared to the same quarter last year. During the same period last year, the company posted $0.07 earnings per share. sell-side analysts forecast that RadiSys will post -0.59 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in RSYS. Paradigm Capital Management Inc. NY boosted its stake in shares of RadiSys by 24.4% during 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 purchasing an additional 577,132 shares in the last quarter. S Squared Technology LLC boosted its stake in shares of RadiSys by 34.7% during the second quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock valued at $1,554,000 after purchasing an additional 106,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of RadiSys by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 49,835 shares in the last quarter. State Street Corp boosted its stake in shares of RadiSys by 10.1% during the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after purchasing an additional 47,538 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of 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 valued at $585,000 after purchasing an additional 25,495 shares in the last quarter. 57.18% of the stock is currently owned by hedge funds and other institutional investors.
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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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