Shares of RadiSys Co. (NASDAQ:RSYS) were up 11.9% during mid-day trading on Monday . The company traded as high as $1.01 and last traded at $0.94. Approximately 2,556,309 shares were traded during mid-day trading, an increase of 487% from the average daily volume of 435,675 shares. The stock had previously closed at $0.84.
A number of analysts have issued reports on RSYS shares. ValuEngine lowered RadiSys from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded RadiSys from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. Roth Capital reiterated a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. Jefferies Group reiterated a “buy” rating and issued a $3.00 price objective on shares of RadiSys in a research report on Sunday, September 10th. Finally, DA Davidson reiterated a “buy” rating and issued a $3.50 price objective on shares of RadiSys in a research report on Friday, September 8th. Two equities research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” 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) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.16). RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The firm had revenue of $28.80 million during the quarter, compared to the consensus estimate of $28.11 million. During the same quarter in the prior year, the business posted $0.07 EPS. RadiSys’s revenue was down 48.0% compared to the same quarter last year. analysts forecast that RadiSys Co. will post -0.59 EPS for the current fiscal year.
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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