RadiSys Co. (RSYS) Issues FY14 Earnings Guidance
RadiSys Co. (NASDAQ:RSYS) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $0.10-0.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.17, Analyst Ratings Network reports. The company issued revenue guidance of $200-220 million, compared to the consensus revenue estimate of $209.35 million.RadiSys also updated its Q2 guidance to $(0.11)-0.01 EPS.
Shares of RadiSys Co. (NASDAQ:RSYS) traded up 0.62% during mid-day trading on Thursday, hitting $3.22. The stock had a trading volume of 245,247 shares. RadiSys Co. has a 52 week low of $2.02 and a 52 week high of $5.20. The stock has a 50-day moving average of $3.47 and a 200-day moving average of $3.00. The company’s market cap is $94.9 million.
RadiSys (NASDAQ:RSYS) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.12) by $0.02. The company had revenue of $43.80 million for the quarter, compared to the consensus estimate of $43.30 million. RadiSys’s revenue was down 35.8% compared to the same quarter last year. On average, analysts predict that RadiSys Co. will post $0.17 earnings per share for the current fiscal year.
RSYS has been the subject of a number of recent research reports. Analysts at Needham & Company LLC upgraded shares of RadiSys from a hold rating to a buy rating in a research note on Friday, February 28th.
RadiSys Corporation (NASDAQ:RSYS) is a provider of embedded wireless infrastructure solutions for telecom, aerospace, defense and public safety applications.
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