RadiSys (NASDAQ:RSYS) Rating Increased to Sell at ValuEngine

RadiSys (NASDAQ:RSYS) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday, February 2nd.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of RadiSys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Roth Capital restated a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. RadiSys currently has a consensus rating of “Hold” and a consensus price target of $3.60.

Shares of RadiSys (NASDAQ:RSYS) opened at $0.85 on Friday. RadiSys has a 1 year low of $0.63 and a 1 year high of $4.39.

RadiSys (NASDAQ:RSYS) last posted its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.01) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.05. RadiSys had a negative net margin of 39.33% and a negative return on equity of 56.68%. The company had revenue of $32.30 million during the quarter, compared to the consensus estimate of $31.09 million. During the same period in the prior year, the business posted $0.04 EPS. The company’s quarterly revenue was down 20.4% on a year-over-year basis. analysts expect that RadiSys will post -0.21 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in RSYS. B. Riley Financial Inc. increased its holdings in shares of 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. Dimensional Fund Advisors LP increased its stake in RadiSys by 3.3% in 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 acquiring an additional 49,835 shares during the last quarter. State Street Corp increased its stake in RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after acquiring an additional 47,538 shares during the last quarter. Bank of New York Mellon Corp increased its stake in 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 valued at $585,000 after acquiring an additional 25,495 shares during the last quarter. Finally, Rhumbline Advisers increased its stake in RadiSys by 26.3% in the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock valued at $155,000 after acquiring an additional 8,575 shares during the last quarter. 50.88% of the stock is currently owned by institutional investors.

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About RadiSys

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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