RadiSys Corporation (NASDAQ:RSYS) – Equities researchers at DA Davidson lowered their Q3 2017 EPS estimates for RadiSys Corporation in a report issued on Wednesday. DA Davidson analyst T. Diffely now anticipates that the technology company will post earnings per share of ($0.12) for the quarter, down from their prior estimate of $0.05. DA Davidson also issued estimates for RadiSys Corporation’s Q4 2017 earnings at ($0.02) EPS and FY2017 earnings at ($0.39) EPS.
Several other analysts have also recently commented on RSYS. Zacks Investment Research upgraded RadiSys Corporation from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Lake Street Capital reduced their target price on RadiSys Corporation from $5.50 to $4.50 and set a “buy” rating on the stock in a report on Friday, July 7th. Needham & Company LLC reduced their target price on RadiSys Corporation from $5.00 to $4.50 and set a “buy” rating on the stock in a report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $6.25 target price (down from $6.75) on shares of RadiSys Corporation in a report on Tuesday, July 25th. Finally, Roth Capital set a $6.00 target price on RadiSys Corporation and gave the company a “buy” rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $3.63.
Shares of RadiSys Corporation (RSYS) opened at 1.67 on Monday. RadiSys Corporation has a one year low of $1.52 and a one year high of $5.81. The firm’s 50-day moving average is $3.00 and its 200-day moving average is $3.73. The company’s market cap is $65.07 million.
RadiSys Corporation (NASDAQ:RSYS) last issued its quarterly earnings data on Tuesday, August 1st. The technology company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.08. RadiSys Corporation had a negative net margin of 14.38% and a negative return on equity of 14.12%. The firm had revenue of $35.09 million for the quarter, compared to analyst estimates of $35.05 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The company’s revenue was down 42.7% on a year-over-year basis.
A number of institutional investors have recently modified their holdings of RSYS. Malaga Cove Capital LLC raised its position in shares of RadiSys Corporation by 67.0% in the second quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock valued at $139,000 after buying an additional 14,750 shares during the period. Rhumbline Advisers raised its position in shares of RadiSys Corporation by 26.3% in 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. TFS Capital LLC purchased a new position in shares of RadiSys Corporation during the first quarter worth $233,000. Trellus Management Company LLC purchased a new position in shares of RadiSys Corporation during the first quarter worth $300,000. Finally, AXA purchased a new position in shares of RadiSys Corporation during the first quarter worth $383,000. 57.36% of the stock is currently owned by hedge funds and other institutional investors.
RadiSys Corporation 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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