Equities research analysts forecast that Radisys (NASDAQ:RSYS) will post sales of $20.55 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Radisys’ earnings. The highest sales estimate is $21.00 million and the lowest is $20.00 million. Radisys posted sales of $35.09 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 41.4%. The business is expected to announce its next quarterly earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Radisys will report full-year sales of $91.85 million for the current financial year, with estimates ranging from $90.20 million to $94.20 million. For the next year, analysts forecast that the company will post sales of $99.00 million per share, with estimates ranging from $95.00 million to $103.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Radisys.
Radisys (NASDAQ:RSYS) last released its quarterly earnings data on Tuesday, May 1st. The technology company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.02. Radisys had a negative return on equity of 100.29% and a negative net margin of 40.08%. The firm had revenue of $26.19 million for the quarter, compared to the consensus estimate of $24.43 million.
A number of research firms recently commented on RSYS. Zacks Investment Research upgraded Radisys from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a report on Wednesday, May 2nd. ValuEngine upgraded Radisys from a “sell” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, DA Davidson restated a “buy” rating on shares of Radisys in a report on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Radisys currently has a consensus rating of “Buy” and a consensus target price of $3.13.
A number of hedge funds have recently made changes to their positions in the business. Renaissance Technologies LLC grew its holdings in Radisys by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock valued at $3,110,000 after purchasing an additional 573,400 shares during the last quarter. Ancora Advisors LLC grew its holdings in Radisys by 19.7% during the first quarter. Ancora Advisors LLC now owns 709,312 shares of the technology company’s stock valued at $455,000 after purchasing an additional 116,565 shares during the last quarter. Two Sigma Investments LP grew its holdings in Radisys by 76.7% during the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock valued at $457,000 after purchasing an additional 197,342 shares during the last quarter. California Public Employees Retirement System grew its holdings in Radisys by 171.9% during the first quarter. California Public Employees Retirement System now owns 234,416 shares of the technology company’s stock valued at $150,000 after purchasing an additional 148,216 shares during the last quarter. Finally, B. Riley Financial Inc. grew its holdings in Radisys by 300.0% during the fourth quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock valued at $201,000 after purchasing an additional 150,000 shares during the last quarter. Institutional investors own 38.40% of the company’s stock.
Radisys remained flat at $$0.71 during mid-day trading on Friday, Marketbeat Ratings reports. The company had a trading volume of 168,722 shares, compared to its average volume of 768,474. Radisys has a 12-month low of $0.70 and a 12-month high of $0.72. The firm has a market capitalization of $28.39 million, a P/E ratio of -1.27 and a beta of 0.78. The company has a quick ratio of 0.95, a current ratio of 1.05 and a debt-to-equity ratio of 18.71.
Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).
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