RadiSys Co. (NASDAQ:RSYS) has earned a consensus recommendation of “Buy” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $2.83.
RSYS has been the subject of several analyst reports. DA Davidson restated a “buy” rating on shares of RadiSys in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of RadiSys from a “sell” rating to a “hold” rating in a report on Wednesday, April 11th. Finally, ValuEngine upgraded shares of RadiSys from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Millennium Management LLC bought a new stake in RadiSys during the 4th quarter valued at about $200,000. Two Sigma Investments LP lifted its holdings in RadiSys by 76.7% during the 4th 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. Two Sigma Advisers LP lifted its holdings in RadiSys by 247.7% during the 4th 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. Renaissance Technologies LLC lifted its holdings in RadiSys by 22.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock valued at $3,110,000 after buying an additional 573,400 shares in the last quarter. Finally, B. Riley Financial Inc. lifted its holdings in RadiSys by 300.0% during the 4th 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. Institutional investors own 38.60% of the company’s stock.
RadiSys stock opened at $0.72 on Friday. RadiSys has a 12-month low of $0.53 and a 12-month high of $4.39.
RadiSys (NASDAQ:RSYS) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The firm had revenue of $32.30 million during the quarter, compared to analyst estimates of $31.09 million. RadiSys had a negative net margin of 39.33% and a negative return on equity of 71.41%. The business’s revenue was down 20.4% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. research analysts forecast that RadiSys will post -0.26 EPS for the current fiscal year.
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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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