RadiSys Corporation (NASDAQ:RSYS) is scheduled to be releasing its earnings data after the market closes on Tuesday, November 7th. Analysts expect RadiSys Corporation to post earnings of ($0.17) per share for the quarter.
RadiSys Corporation (RSYS) opened at $1.34 on Monday. RadiSys Corporation has a 52-week low of $1.23 and a 52-week high of $5.26.
Several brokerages recently issued reports on RSYS. Needham & Company LLC reduced their price target on shares of RadiSys Corporation from $5.00 to $4.50 and set a “buy” rating on the stock in a research report on Monday, July 10th. Jefferies Group LLC reiterated a “buy” rating and set a $6.25 price target (down previously from $6.75) on shares of RadiSys Corporation in a research report on Tuesday, July 25th. Lake Street Capital reiterated a “buy” rating and set a $3.00 price target (down previously from $4.50) on shares of RadiSys Corporation in a research report on Wednesday, August 2nd. Roth Capital set a $6.00 price target on shares of RadiSys Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, ValuEngine cut shares of RadiSys Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $3.60.
A hedge fund recently raised its stake in RadiSys Corporation stock. State Street Corp increased its holdings in shares of RadiSys Corporation (NASDAQ:RSYS) by 10.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,315 shares of the technology company’s stock after acquiring an additional 47,538 shares during the period. State Street Corp owned approximately 1.32% of RadiSys Corporation worth $1,946,000 at the end of the most recent reporting period. 56.14% of the stock is owned by institutional investors and hedge funds.
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About RadiSys Corporation
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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