Zacks Investment Research Upgrades RadiSys Corporation (RSYS) to Hold
RadiSys Corporation (NASDAQ:RSYS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.
According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “
Several other brokerages also recently weighed in on RSYS. Jefferies Group LLC restated a “buy” rating and set a $3.00 price target on shares of RadiSys Corporation in a report on Sunday, September 10th. DA Davidson reaffirmed a “buy” rating and issued a $3.50 price target on shares of RadiSys Corporation in a research report on Friday, September 8th. ValuEngine cut shares of RadiSys Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Needham & Company LLC reiterated a “buy” rating and issued a $2.50 price target (down previously from $4.50) on shares of RadiSys Corporation in a research note on Tuesday, August 8th. Finally, Lake Street Capital reissued a “buy” rating and set a $3.00 price objective (down from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $3.60.
Shares of RadiSys Corporation (NASDAQ RSYS) traded down 2.11% during mid-day trading on Wednesday, hitting $1.39. 66,489 shares of the stock traded hands. The company’s 50-day moving average price is $1.50 and its 200 day moving average price is $2.97. The company’s market capitalization is $54.27 million. RadiSys Corporation has a 1-year low of $1.36 and a 1-year high of $5.70.
RadiSys Corporation (NASDAQ:RSYS) last announced its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.07) earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $35.05 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The firm’s quarterly revenue was down 42.7% compared to the same quarter last year. Equities research analysts forecast that RadiSys Corporation will post ($0.34) EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Paradigm Capital Management Inc. NY increased its holdings in shares of RadiSys Corporation by 24.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock worth $11,056,000 after purchasing an additional 577,132 shares in the last quarter. S Squared Technology LLC raised its stake in shares of RadiSys Corporation by 34.7% in the second quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 106,500 shares during the last quarter. AXA purchased a new position in shares of RadiSys Corporation in the first quarter worth $383,000. Dimensional Fund Advisors LP raised its stake in shares of RadiSys Corporation by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 49,835 shares during the last quarter. Finally, State Street Corp raised its stake in shares of RadiSys Corporation by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 47,538 shares during the last quarter. Institutional investors and hedge funds own 58.70% of the company’s stock.
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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