RadiSys Co. (NASDAQ:RSYS) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $3.00.
Several research analysts recently commented on RSYS shares. Zacks Investment Research cut shares of RadiSys from a “hold” rating to a “strong sell” rating in a report on Thursday, December 7th. Roth Capital restated a “buy” rating on shares of RadiSys in a report on Monday, December 4th.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Moors & Cabot Inc. boosted its holdings in RadiSys by 0.4% during the second quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after purchasing an additional 200 shares during the last quarter. State Street Corp raised its position in RadiSys by 10.1% during the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after acquiring an additional 47,538 shares in the last quarter. Dimensional Fund Advisors LP raised its position in RadiSys by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after acquiring an additional 49,835 shares in the last quarter. Bank of New York Mellon Corp raised its position in RadiSys by 19.6% during the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after acquiring an additional 25,495 shares in the last quarter. Finally, Rhumbline Advisers raised its position in RadiSys by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares in the last quarter. Institutional investors and hedge funds own 57.19% of the company’s stock.
RadiSys (NASDAQ:RSYS) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.16). RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The business had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. During the same quarter in the previous year, the company posted $0.07 EPS. The business’s revenue for the quarter was down 48.0% compared to the same quarter last year. equities research analysts forecast that RadiSys will post -0.59 earnings per share for the current fiscal year.
RadiSys 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.
Receive News & Ratings for RadiSys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys and related companies with MarketBeat.com's FREE daily email newsletter.