RadiSys (NASDAQ:RSYS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday.
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. “
A number of other research firms have also recently commented on RSYS. ValuEngine cut RadiSys from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Jefferies Group reiterated a “buy” rating and issued a $3.00 price target on shares of RadiSys in a research note on Sunday, September 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $3.50 price target on shares of RadiSys in a research note on Friday, September 8th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $3.60.
Shares of RadiSys (RSYS) opened at $0.93 on Thursday. RadiSys has a 12-month low of $0.63 and a 12-month high of $5.26.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings data 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). RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The company had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.11 million. During the same period in the previous year, the business earned $0.07 EPS. RadiSys’s revenue for the quarter was down 48.0% compared to the same quarter last year. sell-side analysts expect that RadiSys will post -0.59 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in RSYS. Rhumbline Advisers raised its stake in shares of RadiSys by 26.3% in 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 last quarter. Moors & Cabot Inc. raised its stake in shares of RadiSys by 0.4% in the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after purchasing an additional 200 shares during the last quarter. Cadence Capital Management LLC raised 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 worth $542,000 after purchasing an additional 7,858 shares during the last quarter. Bank of New York Mellon Corp raised 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 worth $585,000 after purchasing an additional 25,495 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of RadiSys by 3.9% in the first quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 9,654 shares during the last quarter. Institutional investors own 57.21% 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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