RadiSys (NASDAQ:RSYS) announced its earnings results on Wednesday. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05, Briefing.com reports. The business had revenue of $32.30 million during the quarter, compared to analyst estimates of $31.09 million. RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. RadiSys’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS.
Shares of RadiSys (NASDAQ RSYS) opened at $1.05 on Thursday. RadiSys has a 12-month low of $0.63 and a 12-month high of $4.39. The company has a market capitalization of $32.49, a PE ratio of -0.95 and a beta of 0.79.
A hedge fund recently raised its stake in RadiSys stock. State Street Corp raised its stake in shares of RadiSys Co. (NASDAQ:RSYS) by 10.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 517,315 shares of the technology company’s stock after purchasing an additional 47,538 shares during the period. State Street Corp owned approximately 1.32% of RadiSys worth $1,946,000 as of its most recent SEC filing. 57.07% of the stock is currently 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.
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