Equities analysts expect RadiSys Corporation (NASDAQ:RSYS) to post $28.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for RadiSys Corporation’s earnings, with the highest sales estimate coming in at $28.57 million and the lowest estimate coming in at $28.00 million. RadiSys Corporation reported sales of $55.40 million during the same quarter last year, which indicates a negative year over year growth rate of 49.1%. The company is expected to issue its next earnings results after the market closes on Tuesday, November 7th.
According to Zacks, analysts expect that RadiSys Corporation will report full year sales of $28.20 million for the current financial year, with estimates ranging from $132.03 million to $136.74 million. For the next financial year, analysts anticipate that the firm will post sales of $139.33 million per share, with estimates ranging from $124.84 million to $155.00 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow RadiSys Corporation.
A number of research firms have weighed in on RSYS. Lake Street Capital reiterated a “buy” rating and set a $3.00 price objective (down previously from $4.50) on shares of RadiSys Corporation in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “buy” rating and issued a $6.25 price objective (down from $6.75) on shares of RadiSys Corporation in a report on Tuesday, July 25th. Roth Capital set a $6.00 price objective on RadiSys Corporation and gave the stock a “buy” rating in a report on Friday, July 28th. DA Davidson restated a “buy” rating and set a $3.50 target price on shares of RadiSys Corporation in a report on Friday, September 8th. Finally, Zacks Investment Research upgraded RadiSys Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. RadiSys Corporation currently has a consensus rating of “Buy” and an average price target of $3.60.
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Shares of RadiSys Corporation (RSYS) traded up $0.01 on Tuesday, reaching $1.34. The company’s stock had a trading volume of 242,815 shares, compared to its average volume of 429,518. RadiSys Corporation has a 12 month low of $1.23 and a 12 month high of $5.26.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. raised its holdings in RadiSys Corporation 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 purchasing an additional 200 shares in the last quarter. Royce & Associates LP increased its stake in shares of RadiSys Corporation by 0.7% during the 2nd quarter. Royce & Associates LP now owns 763,157 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 5,000 shares in the last quarter. Cadence Capital Management LLC increased its stake in shares of RadiSys Corporation by 5.8% during the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after purchasing an additional 7,858 shares in the last quarter. Rhumbline Advisers boosted its position in RadiSys Corporation by 26.3% during the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in RadiSys Corporation by 3.9% during the first quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 9,654 shares during the last quarter. Institutional investors and hedge funds own 58.47% of the company’s stock.
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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