Equities analysts expect RadiSys Co. (NASDAQ:RSYS) to post $31.14 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for RadiSys’ earnings, with the lowest sales estimate coming in at $30.27 million and the highest estimate coming in at $32.00 million. RadiSys reported sales of $40.56 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 23.2%. The business is scheduled to announce its next quarterly earnings report after the market closes on Wednesday, February 7th.
On average, analysts expect that RadiSys will report full year sales of $31.14 million for the current financial year, with estimates ranging from $131.50 million to $133.50 million. For the next fiscal year, analysts anticipate that the company will report sales of $95.72 million per share, with estimates ranging from $90.50 million to $105.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for RadiSys.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate 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 business had revenue of $28.80 million during the quarter, compared to analysts’ expectations of $28.11 million. During the same period in the prior year, the business earned $0.07 EPS. The business’s quarterly revenue was down 48.0% on a year-over-year basis.
Several equities analysts have commented on RSYS shares. Zacks Investment Research cut shares of RadiSys from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th. Roth Capital reissued a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Finally, ValuEngine raised shares of RadiSys from a “strong sell” rating to a “sell” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. RadiSys currently has an average rating of “Hold” and a consensus target price of $3.60.
Several institutional investors and hedge funds have recently made changes to their positions in RSYS. Rhumbline Advisers raised its holdings in shares of RadiSys by 26.3% in the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock valued at $155,000 after purchasing an additional 8,575 shares in the last quarter. Moors & Cabot Inc. raised its holdings in shares of RadiSys by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock valued at $183,000 after purchasing an additional 200 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of RadiSys by 19.6% in the 2nd 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. State Street Corp raised its holdings in shares of RadiSys by 10.1% in the 2nd 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, Dimensional Fund Advisors LP raised its holdings in shares of RadiSys by 3.3% in the 2nd 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. Institutional investors and hedge funds own 57.19% of the company’s stock.
Shares of RadiSys (NASDAQ RSYS) traded down $0.02 during mid-day trading on Monday, reaching $0.82. 709,550 shares of the company’s stock traded hands, compared to its average volume of 1,000,152. RadiSys has a 52 week low of $0.63 and a 52 week high of $4.42. The stock has a market cap of $32.85, a PE ratio of -0.86 and a beta of 0.79.
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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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