Analysts expect RadiSys Co. (NASDAQ:RSYS) to post $22.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for RadiSys’ earnings. The highest sales estimate is $23.00 million and the lowest is $22.10 million. RadiSys posted sales of $32.29 million during the same quarter last year, which suggests a negative year over year growth rate of 30.2%. The company is expected to issue its next quarterly earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that RadiSys will report full-year sales of $97.20 million for the current year, with estimates ranging from $93.80 million to $100.60 million. For the next fiscal year, analysts expect that the firm will report sales of $97.20 million, with estimates ranging from $95.00 million to $99.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover RadiSys.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Thursday, November 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.09. The firm had revenue of $27.02 million for the quarter, compared to analysts’ expectations of $21.05 million. RadiSys had a negative return on equity of 201.99% and a negative net margin of 29.64%.
Several research firms have issued reports on RSYS. ValuEngine upgraded RadiSys from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research upgraded RadiSys from a “hold” rating to a “buy” rating and set a $1.75 target price on the stock in a research report on Tuesday, August 7th. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $3.88.
Shares of RSYS stock opened at $1.61 on Friday. The stock has a market capitalization of $61.02 million, a P/E ratio of -2.93 and a beta of 1.50. RadiSys has a 52-week low of $0.53 and a 52-week high of $1.65. The company has a debt-to-equity ratio of 18.71, a quick ratio of 0.92 and a current ratio of 0.96.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Paloma Partners Management Co increased its position in RadiSys by 1,223.2% during the 2nd quarter. Paloma Partners Management Co now owns 179,318 shares of the technology company’s stock worth $125,000 after purchasing an additional 165,766 shares during the period. Kassirer Asset Management Corp acquired a new stake in shares of RadiSys in the 3rd quarter worth approximately $713,000. Arbor Wealth Management LLC acquired a new stake in shares of RadiSys in the 2nd quarter worth approximately $1,981,000. Finally, Vanguard Group Inc. grew its holdings in shares of RadiSys by 15.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,326,169 shares of the technology company’s stock worth $2,161,000 after acquiring an additional 181,953 shares during the period. Institutional investors own 30.73% of the company’s stock.
RadiSys Company Profile
Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).
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