Analysts Expect RadiSys Corporation (RSYS) Will Announce Quarterly Sales of $28.15 Million
Analysts forecast that RadiSys Corporation (NASDAQ:RSYS) will report $28.15 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for RadiSys Corporation’s earnings. The highest sales estimate is $28.57 million and the lowest is $28.00 million. RadiSys Corporation posted sales of $55.40 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 49.2%. The firm is scheduled to issue its next earnings report on Tuesday, October 24th.
According to Zacks, analysts expect that RadiSys Corporation will report full-year sales of $28.15 million for the current fiscal 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’ sales averages are a mean average based on a survey of research firms that follow RadiSys Corporation.
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 analysts’ consensus estimates of ($0.15) by $0.08. The company had revenue of $35.09 million during the quarter, compared to analysts’ expectations of $35.05 million. RadiSys Corporation had a negative net margin of 14.38% and a negative return on equity of 14.12%. The business’s revenue was down 42.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS.
Several research firms have recently issued reports on RSYS. Lake Street Capital lowered their price objective on RadiSys Corporation from $5.50 to $4.50 and set a “buy” rating for the company in a research note on Friday, July 7th. Needham & Company LLC decreased their target price on shares of RadiSys Corporation from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Monday, July 10th. Jefferies Group LLC reissued a “buy” rating and set a $6.25 target price (down previously from $6.75) on shares of RadiSys Corporation in a research report on Tuesday, July 25th. Roth Capital set a $6.00 price target on RadiSys Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, ValuEngine cut RadiSys Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. RadiSys Corporation currently has an average rating of “Buy” and a consensus target price of $3.60.
Shares of RadiSys Corporation (NASDAQ RSYS) opened at 1.37 on Thursday. The firm has a 50-day moving average of $1.48 and a 200 day moving average of $2.87. The firm’s market cap is $53.49 million. RadiSys Corporation has a 52-week low of $1.29 and a 52-week high of $5.26.
A number of hedge funds and other institutional investors have recently modified their holdings of RSYS. Paradigm Capital Management Inc. NY boosted its position in shares of RadiSys Corporation by 24.4% during the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock valued at $11,056,000 after acquiring an additional 577,132 shares during the last quarter. S Squared Technology LLC lifted its position in RadiSys Corporation by 34.7% in the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after buying an additional 106,500 shares during the last quarter. AXA bought a new stake in RadiSys Corporation in the 1st quarter worth approximately $383,000. Dimensional Fund Advisors LP lifted its position in RadiSys Corporation by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after buying an additional 49,835 shares during the last quarter. Finally, State Street Corp lifted its position in RadiSys Corporation by 10.1% in the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after buying an additional 47,538 shares during the last quarter. 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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