Wall Street brokerages forecast that RadiSys Corporation (NASDAQ:RSYS) will post sales of $28.15 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for RadiSys Corporation’s earnings. The lowest sales estimate is $28.00 million and the highest is $28.57 million. RadiSys Corporation reported sales of $55.40 million during the same quarter last year, which indicates a negative year-over-year growth rate of 49.2%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, October 24th.

On average, analysts expect that RadiSys Corporation will report full year sales of $28.15 million for the current financial year, with estimates ranging from $132.03 million to $136.74 million. For the next financial year, analysts expect that the company will post sales of $144.50 million per share, with estimates ranging from $124.84 million to $160.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow RadiSys Corporation.

RadiSys Corporation (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $35.09 million for the quarter, compared to the consensus estimate of $35.05 million. During the same period in the prior year, the business posted $0.10 earnings per share. The company’s revenue for the quarter was down 42.7% on a year-over-year basis.

RSYS has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $2.50 price target (down previously from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. Lake Street Capital reaffirmed a “buy” rating and set a $3.00 price target (down previously from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. Jefferies Group LLC reaffirmed a “buy” rating and set a $3.00 price target (down previously from $6.25) on shares of RadiSys Corporation in a research report on Wednesday, August 2nd. Roth Capital set a $6.00 price target on shares of RadiSys Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research raised shares of RadiSys Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. RadiSys Corporation presently has a consensus rating of “Buy” and a consensus price target of $3.63.

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Hedge funds have recently made changes to their positions in the stock. Malaga Cove Capital LLC raised its stake in shares of RadiSys Corporation by 67.0% in the second quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock worth $139,000 after buying an additional 14,750 shares during the last quarter. Rhumbline Advisers raised its stake in shares of RadiSys Corporation by 26.3% in the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of RadiSys Corporation by 0.4% in the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after buying an additional 200 shares during the last quarter. TFS Capital LLC purchased a new stake in shares of RadiSys Corporation during the first quarter worth about $233,000. Finally, Trellus Management Company LLC purchased a new stake in shares of RadiSys Corporation during the first quarter worth about $300,000. 57.29% of the stock is currently owned by institutional investors.

Shares of RadiSys Corporation (NASDAQ:RSYS) traded up 0.71% during midday trading on Friday, hitting $1.41. The stock had a trading volume of 343,123 shares. RadiSys Corporation has a 52-week low of $1.36 and a 52-week high of $5.81. The firm’s 50 day moving average price is $2.42 and its 200 day moving average price is $3.55. The firm’s market cap is $55.05 million.

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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Earnings History and Estimates for RadiSys Corporation (NASDAQ:RSYS)

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