RadiSys (RSYS) Raised to “Sell” at ValuEngine

ValuEngine upgraded shares of RadiSys (NASDAQ:RSYS) from a strong sell rating to a sell rating in a research report released on Friday morning.

RSYS has been the topic of several other reports. Zacks Investment Research lowered shares of RadiSys from a hold rating to a strong sell rating in a report on Thursday, December 7th. Roth Capital restated a buy rating on shares of RadiSys in a report on Monday, December 4th. Two research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $3.60.

Shares of RadiSys (RSYS) traded down $0.02 during trading on Friday, reaching $0.82. 709,550 shares of the company’s stock traded hands, compared to its average volume of 1,000,152. The company has a market capitalization of $32.85, a PE ratio of -0.86 and a beta of 0.79. RadiSys has a 1 year low of $0.63 and a 1 year high of $4.42.

RadiSys (NASDAQ:RSYS) last issued its quarterly earnings data on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.16). The firm had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.11 million. RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. RadiSys’s quarterly revenue was down 48.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.07 earnings per share. research analysts anticipate that RadiSys will post -0.59 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of RSYS. Dimensional Fund Advisors LP raised its holdings in RadiSys by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 49,835 shares during the period. State Street Corp raised its holdings in RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 47,538 shares during the period. Bank of New York Mellon Corp raised its holdings in RadiSys by 19.6% in the second quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after purchasing an additional 25,495 shares during the period. Rhumbline Advisers raised its holdings in RadiSys by 26.3% in the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after purchasing an additional 8,575 shares during the period. Finally, Moors & Cabot Inc. raised its holdings in RadiSys by 0.4% in 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 during the period. Institutional investors own 57.19% of the company’s stock.

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About RadiSys

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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