Roth Capital Reaffirms “Buy” Rating for RadiSys (NASDAQ:RSYS)

RadiSys (NASDAQ:RSYS)‘s stock had its “buy” rating reiterated by equities researchers at Roth Capital in a report issued on Monday, December 4th.

RSYS has been the subject of several other reports. ValuEngine lowered shares of RadiSys from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. Zacks Investment Research upgraded shares of RadiSys from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Needham & Company LLC reiterated a “buy” rating and set a $2.50 target price (down from $4.50) on shares of RadiSys in a report on Tuesday, August 8th. Jefferies Group reiterated a “buy” rating and set a $3.00 target price on shares of RadiSys in a report on Sunday, September 10th. Finally, DA Davidson reiterated a “buy” rating and set a $3.50 target price on shares of RadiSys in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $3.60.

RadiSys (NASDAQ:RSYS) traded down $0.04 during trading on Monday, reaching $1.01. The company’s stock had a trading volume of 690,218 shares, compared to its average volume of 3,139,769. The company has a market cap of $40.72, a PE ratio of -1.06 and a beta of 1.19. RadiSys has a fifty-two week low of $0.63 and a fifty-two week high of $5.26.

RadiSys (NASDAQ:RSYS) last posted 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). RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The firm had revenue of $28.80 million for the quarter, compared to the consensus estimate of $28.11 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The business’s revenue was down 48.0% compared to the same quarter last year. research analysts forecast that RadiSys will post -0.59 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its holdings in RadiSys by 26.3% in the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after acquiring an additional 8,575 shares during the last quarter. Moors & Cabot Inc. raised its holdings in RadiSys by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after acquiring an additional 200 shares during the last quarter. Cadence Capital Management LLC raised its holdings in RadiSys by 5.8% in the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after acquiring an additional 7,858 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in RadiSys by 19.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after acquiring an additional 25,495 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in RadiSys by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock worth $1,018,000 after acquiring an additional 9,654 shares during the last quarter. 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.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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