$31.14 Million in Sales Expected for RadiSys Co. (RSYS) This Quarter

Brokerages expect RadiSys Co. (NASDAQ:RSYS) to announce sales of $31.14 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RadiSys’ earnings, with the highest sales estimate coming in at $32.00 million and the lowest estimate coming in at $30.27 million. RadiSys posted sales of $40.56 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.2%. The company is scheduled to report its next earnings results after the market closes on Wednesday, February 7th.

According to Zacks, analysts expect that RadiSys will report full year sales of $31.14 million for the current fiscal year, with estimates ranging from $131.50 million to $133.50 million. For the next financial year, analysts forecast that the business will post sales of $95.72 million per share, with estimates ranging from $90.50 million to $105.00 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for RadiSys.

RadiSys (NASDAQ:RSYS) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The firm had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The company’s revenue was down 48.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.07 EPS.

Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of RadiSys from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Roth Capital reissued a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $3.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Moors & Cabot Inc. lifted its position in RadiSys by 0.4% in the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock valued at $183,000 after buying an additional 200 shares during the last quarter. Rhumbline Advisers lifted its position in RadiSys by 26.3% in the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock valued at $155,000 after buying an additional 8,575 shares during the last quarter. Bank of New York Mellon Corp lifted its position in RadiSys by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock valued at $585,000 after buying an additional 25,495 shares during the last quarter. State Street Corp lifted its position in RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after buying an additional 47,538 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in RadiSys by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after buying an additional 49,835 shares during the last quarter. 57.19% of the stock is currently owned by institutional investors.

RadiSys (NASDAQ RSYS) opened at $0.97 on Monday. The firm has a market cap of $39.54, a PE ratio of -1.02 and a beta of 1.20. RadiSys has a 1 year low of $0.63 and a 1 year high of $4.49.

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About RadiSys

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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