RadiSys Co. (NASDAQ:RSYS) gapped up before the market opened on Friday . The stock had previously closed at $1.27, but opened at $1.21. RadiSys shares last traded at $1.21, with a volume of 4346470 shares trading hands.
A number of research firms have recently issued reports on RSYS. Jefferies Group restated a “buy” rating and set a $3.00 price target on shares of RadiSys in a report on Sunday, September 10th. Roth Capital restated a “buy” rating on shares of RadiSys in a report on Monday, December 4th. Finally, Zacks Investment Research lowered shares of RadiSys from a “hold” rating to a “strong sell” rating in a report on Thursday, December 7th. Two research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $3.60.
RadiSys (NASDAQ:RSYS) last released 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 company had revenue of $28.80 million during the quarter, compared to analyst estimates of $28.11 million. RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The firm’s quarterly revenue was down 48.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.07 EPS. equities research analysts anticipate that RadiSys Co. will post -0.59 earnings per share for the current year.
A number of institutional investors have recently added to or reduced their stakes in the business. Paradigm Capital Management Inc. NY increased its stake in RadiSys by 24.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock valued at $11,056,000 after buying an additional 577,132 shares during the period. Dimensional Fund Advisors LP increased its stake in RadiSys by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after buying an additional 49,835 shares during the period. Royce & Associates LP increased its stake in RadiSys by 0.7% in the 2nd quarter. Royce & Associates LP now owns 763,157 shares of the technology company’s stock valued at $2,869,000 after buying an additional 5,000 shares during the period. State Street Corp increased its stake in RadiSys by 10.1% in the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after buying an additional 47,538 shares during the period. Finally, S Squared Technology LLC increased its stake in RadiSys by 34.7% in the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock valued at $1,554,000 after buying an additional 106,500 shares during the period. Hedge funds and other institutional investors own 57.18% of the company’s stock.
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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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