Brokerages predict that RadiSys Co. (NASDAQ:RSYS) will announce $22.51 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for RadiSys’ earnings. The highest sales estimate is $23.20 million and the lowest is $22.00 million. RadiSys reported sales of $37.61 million during the same quarter last year, which indicates a negative year-over-year growth rate of 40.1%. The firm is scheduled to report its next earnings report on Tuesday, May 1st.
On average, analysts expect that RadiSys will report full year sales of $22.51 million for the current fiscal year, with estimates ranging from $85.00 million to $90.30 million. For the next year, analysts anticipate that the business will post sales of $98.75 million per share, with estimates ranging from $95.00 million to $102.50 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 released its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.01) earnings per share for the quarter, topping the 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 business had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. During the same quarter last year, the firm earned $0.04 EPS. RadiSys’s quarterly revenue was down 20.4% compared to the same quarter last year.
Several research firms recently weighed in on RSYS. DA Davidson reissued a “buy” rating on shares of RadiSys in a research note on Thursday, February 8th. ValuEngine raised shares of RadiSys from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of RadiSys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Finally, Roth Capital reissued a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.60.
A number of institutional investors have recently added to or reduced their stakes in RSYS. Rhumbline Advisers boosted its stake in RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares during the last quarter. Two Sigma Advisers LP lifted its stake in RadiSys by 247.7% in the fourth quarter. Two Sigma Advisers LP now owns 186,000 shares of the technology company’s stock valued at $187,000 after buying an additional 132,500 shares in the last quarter. Millennium Management LLC bought a new position in RadiSys in the fourth quarter valued at approximately $200,000. B. Riley Financial Inc. lifted its stake in RadiSys by 300.0% in the fourth quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock valued at $201,000 after buying an additional 150,000 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in RadiSys by 76.7% in the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock valued at $457,000 after buying an additional 197,342 shares in the last quarter. 50.88% of the stock is currently owned by institutional investors and hedge funds.
RadiSys (NASDAQ:RSYS) traded down $0.04 during trading on Thursday, reaching $0.88. 537,131 shares of the company traded hands, compared to its average volume of 808,858. RadiSys has a twelve month low of $0.63 and a twelve month high of $4.39. The company has a market cap of $34.45, a price-to-earnings ratio of -0.66 and a beta of 0.79.
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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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