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Equities research analysts at DA Davidson initiated coverage on shares of RadiSys (NASDAQ:RSYS) in a research note issued to investors on Wednesday, reports. The firm set a “buy” rating and a $4.50 price target on the stock. DA Davidson’s price objective points to a potential upside of 51.01% from the company’s current price.

The analysts wrote, “Stage is set for a return to profitability. Based on management’s refined focus on two key growth segments combined with sizable cost reductions and operational improvements over the past year, we believe the company has set the stage for a return to profitability in 2H’14 and continued margin and earnings expansion through the next couple of years. This speculative turnaround story has generated enough momentum to give the stock an attractive risk reward profile at current levels. We are initiating coverage with a BUY rating and 12-18 month price target of $4.50 (~13x 2016 EPS of $0.35).”

Shares of RadiSys (NASDAQ:RSYS) opened at 2.98 on Wednesday. RadiSys has a one year low of $2.02 and a one year high of $4.59. The stock’s 50-day moving average is $3.09 and its 200-day moving average is $3.33. The company’s market cap is $108.0 million.

RadiSys (NASDAQ:RSYS) last announced its earnings results on Tuesday, August 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by $0.02. The company had revenue of $50.00 million for the quarter, compared to the consensus estimate of $47.80 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was down 23.5% on a year-over-year basis. On average, analysts predict that RadiSys will post $-0.09 earnings per share 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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