Brokerages expect RadiSys Co. (NASDAQ:RSYS) to report sales of $21.05 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RadiSys’ earnings, with the highest sales estimate coming in at $21.10 million and the lowest estimate coming in at $21.00 million. RadiSys reported sales of $28.77 million in the same quarter last year, which suggests a negative year over year growth rate of 26.8%. The firm is scheduled to report its next quarterly earnings report on Tuesday, November 6th.
On average, analysts expect that RadiSys will report full-year sales of $94.20 million for the current year, with estimates ranging from $93.80 million to $94.60 million. For the next fiscal year, analysts forecast that the business will post sales of $97.20 million, with estimates ranging from $95.00 million to $99.40 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow RadiSys.
RadiSys (NASDAQ:RSYS) last announced its quarterly earnings data on Tuesday, July 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.13. RadiSys had a negative net margin of 41.30% and a negative return on equity of 201.99%. The business had revenue of $24.41 million for the quarter, compared to the consensus estimate of $20.55 million.
A number of equities research analysts have weighed in on RSYS shares. Northland Securities downgraded shares of RadiSys from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 3rd. Zacks Investment Research upgraded shares of RadiSys from a “hold” rating to a “buy” rating and set a $1.75 price target on the stock in a research note on Tuesday, August 7th. DA Davidson downgraded shares of RadiSys from a “buy” rating to a “neutral” rating in a research note on Monday, July 2nd. ValuEngine upgraded shares of RadiSys from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. Finally, Roth Capital reiterated a “neutral” rating and set a $6.00 price target on shares of RadiSys in a research note on Monday, July 9th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. RadiSys presently has an average rating of “Hold” and an average price target of $3.88.
RSYS opened at $1.58 on Friday. RadiSys has a fifty-two week low of $0.53 and a fifty-two week high of $1.65. The company has a debt-to-equity ratio of -1.10, a quick ratio of 0.90 and a current ratio of 0.97. The firm has a market cap of $64.56 million, a price-to-earnings ratio of -2.87 and a beta of 1.49.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arbor Wealth Management LLC acquired a new stake in RadiSys during the second quarter worth $1,981,000. Ancora Advisors LLC lifted its holdings in shares of 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 acquiring an additional 116,565 shares during the period. California Public Employees Retirement System lifted its holdings in shares of 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 acquiring an additional 148,216 shares during the period. Finally, Paloma Partners Management Co lifted its holdings in shares of RadiSys by 1,223.2% during the second quarter. Paloma Partners Management Co now owns 179,318 shares of the technology company’s stock valued at $125,000 after acquiring an additional 165,766 shares during the period. Hedge funds and other institutional investors own 29.35% of the company’s stock.
RadiSys Company Profile
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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