RadiSys Corp. (RSYS) Given Consensus Rating of “Buy” by Brokerages
Shares of RadiSys Corp. (NASDAQ:RSYS) have earned a consensus rating of “Buy” from the seven research firms that are covering the stock. One investment analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $6.00.
A number of equities analysts have issued reports on the stock. Zacks Investment Research raised shares of RadiSys Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research report on Wednesday, July 13th. Needham & Company LLC reissued a “buy” rating and set a $6.00 price target (up from $5.50) on shares of RadiSys Corp. in a research report on Wednesday, July 27th. Finally, Jefferies Group reissued a “buy” rating and set a $7.25 price target (up from $6.00) on shares of RadiSys Corp. in a research report on Friday, June 17th.
Institutional investors have recently bought and sold shares of the stock. Alambic Investment Management L.P. raised its stake in shares of RadiSys Corp. by 14.3% in the second quarter. Alambic Investment Management L.P. now owns 81,158 shares of the company’s stock valued at $364,000 after buying an additional 10,150 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of RadiSys Corp. by 62.4% in the second quarter. Moors & Cabot Inc. now owns 35,900 shares of the company’s stock valued at $157,000 after buying an additional 13,800 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of RadiSys Corp. by 163.1% in the second quarter. Nationwide Fund Advisors now owns 28,327 shares of the company’s stock valued at $127,000 after buying an additional 17,559 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of RadiSys Corp. by 13.5% in the first quarter. Geode Capital Management LLC now owns 179,061 shares of the company’s stock valued at $707,000 after buying an additional 21,319 shares during the period. Finally, Cadence Capital Management LLC boosted its stake in shares of RadiSys Corp. by 14.8% in the second quarter. Cadence Capital Management LLC now owns 237,746 shares of the company’s stock valued at $1,065,000 after buying an additional 30,612 shares during the period. 59.34% of the stock is owned by hedge funds and other institutional investors.
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Shares of RadiSys Corp. (NASDAQ:RSYS) traded down 2.30% during trading on Thursday, hitting $5.10. 41,757 shares of the company were exchanged. The firm’s 50-day moving average price is $5.25 and its 200 day moving average price is $4.80. RadiSys Corp. has a 12 month low of $2.25 and a 12 month high of $5.81. The firm’s market capitalization is $195.22 million.
RadiSys Corp. (NASDAQ:RSYS) last posted its quarterly earnings results on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. RadiSys Corp. had a negative net margin of 3.44% and a positive return on equity of 10.60%. The company earned $61.30 million during the quarter, compared to analyst estimates of $59.72 million. During the same period last year, the firm posted $0.03 EPS. RadiSys Corp.’s revenue for the quarter was up 30.3% compared to the same quarter last year. On average, equities research analysts expect that RadiSys Corp. will post $0.25 earnings per share for the current fiscal year.
About RadiSys Corp.
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.
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