Radisys Corp. Upgraded by Zacks to Neutral (RSYS)
Radisys Corp. (NASDAQ:RSYS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued to clients and investors on Tuesday, American Banking & Market News reports. The firm currently has a $2.50 price objective on the stock. Zacks‘ price target would suggest a potential upside of 3.73% from the company’s current price.
Radisys Corp. (NASDAQ:RSYS) traded up 0.41% during mid-day trading on Tuesday, hitting $2.42. The stock had a trading volume of 111,769 shares. Radisys Corp. has a one year low of $2.02 and a one year high of $5.20. The stock has a 50-day moving average of $2.30 and a 200-day moving average of $3.37. The company’s market cap is $70.4 million.
Radisys Corp. (NASDAQ:RSYS) last announced its earnings results on Tuesday, November 5th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by $0.10. The company had revenue of $54.10 million for the quarter, compared to the consensus estimate of $58.50 million. During the same quarter in the prior year, the company posted ($0.12) earnings per share. The company’s quarterly revenue was down 15.1% on a year-over-year basis. Analysts expect that Radisys Corp. will post $-0.30 EPS for the current fiscal year.
RadiSys Corporation (NASDAQ:RSYS) is a provider of embedded wireless infrastructure solutions for telecom, aerospace, defense and public safety applications.
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