Zacks: Brokerages Expect RadiSys Co. (RSYS) Will Announce Quarterly Sales of $22.51 Million

Brokerages expect RadiSys Co. (NASDAQ:RSYS) to report $22.51 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for RadiSys’ earnings. The highest sales estimate is $23.20 million and the lowest is $22.00 million. RadiSys reported sales of $37.61 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 40.1%. The company is expected to issue its next earnings results on Tuesday, May 1st.

On average, analysts expect that RadiSys will report full year sales of $22.51 million for the current year, with estimates ranging from $85.00 million to $90.30 million. For the next fiscal year, analysts expect that the firm will post sales of $98.75 million per share, with estimates ranging from $95.00 million to $102.50 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover RadiSys.

RadiSys (NASDAQ:RSYS) last announced its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The business had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. RadiSys had a negative return on equity of 56.68% and a negative net margin of 39.33%. RadiSys’s quarterly revenue was down 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS.

Several analysts recently commented on the company. Zacks Investment Research lowered RadiSys from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 10th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. DA Davidson reaffirmed a “buy” rating on shares of RadiSys in a research note on Thursday, February 8th. Finally, ValuEngine raised RadiSys from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. RadiSys presently has a consensus rating of “Hold” and an average target price of $3.60.

Shares of RadiSys (RSYS) opened at $0.85 on Thursday. The company has a market capitalization of $33.07, a price-to-earnings ratio of -0.63 and a beta of 0.79. RadiSys has a one year low of $0.63 and a one year high of $4.39.

Hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its stake 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 in the last quarter. Rhumbline Advisers boosted its stake in RadiSys by 26.3% in 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. Dimensional Fund Advisors LP boosted its stake 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 worth $5,785,000 after purchasing an additional 49,835 shares in the last quarter. State Street Corp boosted its stake in RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 47,538 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in RadiSys in the fourth quarter worth $200,000. 50.88% of the stock is currently owned by institutional investors and hedge funds.

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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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