Zacks: Brokerages Expect RadiSys Corporation (RSYS) Will Announce Earnings of -$0.17 Per Share
Equities analysts predict that RadiSys Corporation (NASDAQ:RSYS) will announce earnings of ($0.17) per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for RadiSys Corporation’s earnings. The lowest EPS estimate is ($0.31) and the highest is ($0.10). RadiSys Corporation reported earnings per share of $0.04 in the same quarter last year, which suggests a negative year-over-year growth rate of 525%. The company is expected to report its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that RadiSys Corporation will report full-year earnings of ($0.44) per share for the current fiscal year, with EPS estimates ranging from ($0.55) to ($0.39). For the next year, analysts expect that the company will report earnings of ($0.25) per share, with EPS estimates ranging from ($0.27) to ($0.22). Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover RadiSys Corporation.
RadiSys Corporation (NASDAQ:RSYS) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.08. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The business had revenue of $35.09 million for the quarter, compared to analysts’ expectations of $35.05 million. During the same quarter in the prior year, the business earned $0.10 EPS. The firm’s revenue for the quarter was down 42.7% on a year-over-year basis.
RSYS has been the topic of several research reports. Needham & Company LLC lowered their target price on RadiSys Corporation from $5.00 to $4.50 and set a “buy” rating on the stock in a research note on Monday, July 10th. Zacks Investment Research lowered RadiSys Corporation from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 6th. Jefferies Group LLC restated a “buy” rating and issued a $6.25 target price (down from $6.75) on shares of RadiSys Corporation in a research note on Tuesday, July 25th. Lake Street Capital lowered their target price on RadiSys Corporation from $5.50 to $4.50 and set a “buy” rating on the stock in a research note on Friday, July 7th. Finally, Roth Capital set a $6.00 target price on RadiSys Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $3.63.
Several hedge funds have recently added to or reduced their stakes in RSYS. Great Lakes Advisors LLC bought a new stake in RadiSys Corporation during the first quarter worth about $2,362,000. Paradigm Capital Management Inc. NY raised its stake in RadiSys Corporation by 24.4% in the second quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock worth $11,056,000 after buying an additional 577,132 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its stake in RadiSys Corporation by 27.4% in the first quarter. Pacific Ridge Capital Partners LLC now owns 1,717,437 shares of the technology company’s stock worth $6,870,000 after buying an additional 369,827 shares during the last quarter. S Squared Technology LLC raised its stake in RadiSys Corporation by 2,969.0% in the first quarter. S Squared Technology LLC now owns 306,902 shares of the technology company’s stock worth $1,228,000 after buying an additional 296,902 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in RadiSys Corporation by 5.9% in the first quarter. Heartland Advisors Inc. now owns 2,993,325 shares of the technology company’s stock worth $11,973,000 after buying an additional 166,787 shares during the last quarter. Institutional investors own 57.29% of the company’s stock.
RadiSys Corporation (NASDAQ:RSYS) opened at 1.55 on Wednesday. The firm’s 50-day moving average price is $2.56 and its 200 day moving average price is $3.58. RadiSys Corporation has a 52-week low of $1.47 and a 52-week high of $5.81. The company’s market cap is $60.52 million.
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About RadiSys Corporation
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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