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.
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.
ILLEGAL ACTIVITY NOTICE: This piece was reported by American Banking News and is the sole property of of American Banking News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2018/02/15/zacks-brokerages-expect-radisys-co-rsys-will-announce-quarterly-sales-of-22-51-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.