Analysts expect RadiSys Co. (NASDAQ:RSYS) to post $22.51 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for RadiSys’ earnings, with the highest sales estimate coming in at $23.20 million and the lowest estimate coming in at $22.00 million. RadiSys reported sales of $37.61 million in the same quarter last year, which would indicate a negative year over year growth rate of 40.1%. The business is expected to announce its next earnings results 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 company will report sales of $98.75 million per share, with estimates ranging from $95.00 million to $102.50 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for RadiSys.
RadiSys (NASDAQ:RSYS) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.05. RadiSys had a negative return on equity of 71.41% and a negative net margin of 39.33%. The firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. During the same quarter in the prior year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was down 20.4% on a year-over-year basis.
Several equities analysts have weighed in on RSYS shares. DA Davidson reissued a “buy” rating on shares of RadiSys in a research note on Thursday, February 8th. ValuEngine raised RadiSys from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $3.60.
NASDAQ:RSYS opened at $0.55 on Friday. RadiSys has a 1-year low of $0.53 and a 1-year high of $4.39. The stock has a market capitalization of $22.63, a price-to-earnings ratio of -1.00 and a beta of 0.81.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. B. Riley Financial Inc. raised its position 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. State Street Corp raised its position 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 worth $1,946,000 after purchasing an additional 47,538 shares during the period. Millennium Management LLC acquired a new stake in shares of RadiSys during the fourth quarter worth about $200,000. Two Sigma Advisers LP raised its position in shares of RadiSys by 247.7% during the fourth quarter. Two Sigma Advisers LP now owns 186,000 shares of the technology company’s stock worth $187,000 after purchasing an additional 132,500 shares during the period. Finally, Renaissance Technologies LLC raised its position in shares of RadiSys by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock worth $3,110,000 after purchasing an additional 573,400 shares during the period. 38.61% of the stock is currently owned by 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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