RadiSys Corporation (NASDAQ:RSYS) shares saw an uptick in trading volume on Wednesday . 16,623,753 shares changed hands during trading, an increase of 4,376% from the previous session’s volume of 371,410 shares.The stock last traded at $0.93 and had previously closed at $0.88.
A number of brokerages have recently issued reports on RSYS. DA Davidson reaffirmed a “buy” rating and set a $3.50 price target on shares of RadiSys in a research report on Friday, September 8th. Lake Street Capital reaffirmed a “buy” rating and set a $3.00 price target (down from $4.50) on shares of RadiSys in a research report on Tuesday, August 8th. Jefferies Group reaffirmed a “buy” rating and set a $3.00 price target on shares of RadiSys in a research report on Sunday, September 10th. Needham & Company LLC reaffirmed a “buy” rating and set a $2.50 price target (down from $4.50) on shares of RadiSys in a research report on Tuesday, August 8th. Finally, Zacks Investment Research raised RadiSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $3.60.
RadiSys (NASDAQ:RSYS) last announced its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). The company had revenue of $28.80 million for the quarter, compared to analysts’ expectations of $28.11 million. RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. RadiSys’s quarterly revenue was down 48.0% compared to the same quarter last year. During the same period last year, the firm earned $0.07 earnings per share. equities research analysts expect that RadiSys Corporation will post -0.59 EPS for the current year.
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RadiSys 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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