RadiSys Corporation (RSYS) Set to Announce Quarterly Earnings on Tuesday
RadiSys Corporation (NASDAQ:RSYS) will announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.17) per share for the quarter.
RadiSys Corporation (NASDAQ:RSYS) last released its earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. RadiSys Corporation had a negative net margin of 14.38% and a negative return on equity of 14.12%. The firm had revenue of $35.09 million during the quarter, compared to analyst estimates of $35.05 million. During the same period last year, the business earned $0.10 earnings per share. The business’s revenue was down 42.7% on a year-over-year basis. On average, analysts expect RadiSys Corporation to post $-0.4 EPS for the current fiscal year and $-0.27 EPS for the next fiscal year.
RadiSys Corporation (NASDAQ:RSYS) traded down 0.5703% during trading on Tuesday, hitting $1.2727. 25,275 shares of the stock traded hands. The firm has a 50-day moving average price of $1.40 and a 200 day moving average price of $2.62. The firm’s market cap is $49.69 million. RadiSys Corporation has a 12 month low of $1.23 and a 12 month high of $5.26.
A number of research firms have recently issued reports on RSYS. Lake Street Capital reiterated a “buy” rating and set a $3.00 price objective (down from $4.50) on shares of RadiSys Corporation in a research note on Tuesday, August 8th. Needham & Company LLC restated a “buy” rating and issued a $2.50 target price (down from $4.50) on shares of RadiSys Corporation in a research note on Tuesday, August 8th. Jefferies Group LLC restated a “buy” rating and issued a $3.00 target price (down from $6.25) on shares of RadiSys Corporation in a research note on Wednesday, August 2nd. Roth Capital set a $6.00 target price on shares of RadiSys Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, ValuEngine downgraded shares of RadiSys Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the stock. RadiSys Corporation currently has a consensus rating of “Buy” and an average price target of $3.60.
A hedge fund recently raised its stake in RadiSys Corporation stock. State Street Corp grew its stake in RadiSys Corporation (NASDAQ:RSYS) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 517,315 shares of the technology company’s stock after buying an additional 47,538 shares during the period. State Street Corp owned 1.32% of RadiSys Corporation worth $1,946,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 58.47% 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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