RadiSys (RSYS) Earns Buy Rating from DA Davidson

RadiSys (NASDAQ:RSYS)‘s stock had its “buy” rating restated by research analysts at DA Davidson in a report issued on Thursday.

Several other analysts have also issued reports on RSYS. ValuEngine upgraded RadiSys from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. Finally, Roth Capital reiterated a “buy” rating on shares of RadiSys in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $3.60.

Shares of RadiSys (NASDAQ:RSYS) opened at $0.84 on Thursday. RadiSys has a twelve month low of $0.63 and a twelve month high of $4.39. The stock has a market capitalization of $35.23, a PE ratio of -0.63 and a beta of 0.79.

RadiSys (NASDAQ:RSYS) last released its earnings results on Wednesday, February 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.05. RadiSys had a negative return on equity of 56.68% and a negative net margin of 39.33%. The business had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. RadiSys’s revenue was down 20.4% on a year-over-year basis. equities analysts expect that RadiSys will post -0.21 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSYS. Dimensional Fund Advisors LP raised its holdings 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. State Street Corp increased 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 buying an additional 47,538 shares during the last quarter. Bank of New York Mellon Corp increased 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 buying an additional 25,495 shares during the last quarter. Rhumbline Advisers increased 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 buying an additional 8,575 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position 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 buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 57.07% of the company’s stock.

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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.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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