Equities analysts forecast that RadiSys Co. (NASDAQ:RSYS) will announce $20.55 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for RadiSys’ earnings. The lowest sales estimate is $20.00 million and the highest is $21.00 million. RadiSys reported sales of $35.09 million in the same quarter last year, which suggests a negative year over year growth rate of 41.4%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that RadiSys will report full year sales of $91.85 million for the current fiscal year, with estimates ranging from $90.20 million to $94.20 million. For the next fiscal year, analysts forecast that the firm will report sales of $99.00 million per share, with estimates ranging from $95.00 million to $103.00 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that cover RadiSys.
RadiSys (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, May 1st. The technology company reported ($0.08) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.10) by $0.02. RadiSys had a negative net margin of 40.08% and a negative return on equity of 100.29%. The business had revenue of $26.19 million for the quarter, compared to the consensus estimate of $24.43 million.
Several research analysts have weighed in on RSYS shares. Zacks Investment Research downgraded shares of RadiSys from a “buy” rating to a “hold” rating in a research report on Friday, April 27th. DA Davidson downgraded shares of RadiSys from a “buy” rating to a “neutral” rating in a research report on Monday. ValuEngine upgraded shares of RadiSys from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Finally, Northland Securities downgraded shares of RadiSys from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. RadiSys presently has an average rating of “Buy” and a consensus price target of $3.13.
RadiSys traded down $0.01, hitting $1.52, during trading on Monday, according to MarketBeat.com. The company’s stock had a trading volume of 32,687 shares, compared to its average volume of 970,262. The company has a current ratio of 1.05, a quick ratio of 0.95 and a debt-to-equity ratio of 18.71. RadiSys has a one year low of $0.53 and a one year high of $3.76. The company has a market capitalization of $59.94 million, a PE ratio of -2.75 and a beta of 0.77.
Several hedge funds have recently made changes to their positions in RSYS. Renaissance Technologies LLC raised its position in shares of 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 purchasing an additional 573,400 shares during the period. Two Sigma Advisers LP raised its position in shares of 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 purchasing an additional 132,500 shares during the period. Two Sigma Investments LP raised its position in shares of 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 purchasing an additional 197,342 shares during the period. Millennium Management LLC bought a new stake in shares of RadiSys during the 4th quarter valued at $200,000. Finally, California Public Employees Retirement System raised its position in shares of RadiSys by 171.9% during the 1st 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 period. Hedge funds and other institutional investors own 32.40% of the company’s stock.
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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