RadiSys Corporation (RSYS) Given Buy Rating at Jefferies Group LLC
RadiSys Corporation (NASDAQ:RSYS)‘s stock had its “buy” rating restated by equities researchers at Jefferies Group LLC in a research note issued to investors on Sunday. They presently have a $3.00 price objective on the technology company’s stock. Jefferies Group LLC’s target price would indicate a potential upside of 96.08% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the company. Needham & Company LLC lowered their price target on RadiSys Corporation from $4.50 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. DA Davidson restated a “buy” rating and set a $3.50 price target on shares of RadiSys Corporation in a research report on Friday. Lake Street Capital restated 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. Roth Capital set a $6.00 price target on RadiSys Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research downgraded RadiSys Corporation from a “hold” rating to a “strong sell” rating in a research report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $3.60.
RadiSys Corporation (NASDAQ:RSYS) opened at 1.53 on Friday. The firm has a 50-day moving average price of $1.76 and a 200-day moving average price of $3.27. The firm’s market cap is $59.74 million. RadiSys Corporation has a one year low of $1.36 and a one year high of $5.81.
RadiSys Corporation (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share for the quarter, beating the Zacks’ 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 business had revenue of $35.09 million for the quarter, compared to the consensus estimate of $35.05 million. During the same quarter last 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. On average, equities analysts expect that RadiSys Corporation will post ($0.34) EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Malaga Cove Capital LLC raised its position in RadiSys Corporation by 67.0% during the second quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock valued at $139,000 after purchasing an additional 14,750 shares in the last quarter. Rhumbline Advisers raised its position in RadiSys Corporation by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock valued at $155,000 after purchasing an additional 8,575 shares in the last quarter. Moors & Cabot Inc. raised its position in RadiSys Corporation by 0.4% during the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock valued at $183,000 after purchasing an additional 200 shares in the last quarter. TFS Capital LLC purchased a new position in shares of RadiSys Corporation in the first quarter worth about $233,000. Finally, AXA purchased a new position in shares of RadiSys Corporation in the first quarter worth about $383,000. Institutional investors and hedge funds own 58.70% of the company’s stock.
RadiSys Corporation Company Profile
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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