ValuEngine Upgrades RadiSys (RSYS) to Sell

RadiSys (NASDAQ:RSYS) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued on Friday.

RSYS has been the subject of a number of other reports. Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a research note on Thursday, December 7th. Roth Capital reissued a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $3.60.

Shares of RadiSys (NASDAQ RSYS) traded down $0.02 during midday trading on Friday, hitting $0.82. 709,550 shares of the stock traded hands, compared to its average volume of 1,000,152. RadiSys has a one year low of $0.63 and a one year high of $4.42.

RadiSys (NASDAQ:RSYS) last posted its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.16). The company had revenue of $28.80 million during the quarter, compared to analyst estimates of $28.11 million. RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The business’s revenue for the quarter was down 48.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 earnings per share. sell-side analysts predict that RadiSys will post -0.59 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSYS. Rhumbline Advisers increased its position in shares of 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 purchasing an additional 8,575 shares in the last quarter. Moors & Cabot Inc. boosted its position in RadiSys by 0.4% during the 2nd 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 period. Bank of New York Mellon Corp boosted its position in RadiSys by 19.6% in the 2nd 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 boosted its position in RadiSys by 10.1% in the 2nd 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 boosted its position in RadiSys by 3.3% in the 2nd 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 owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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