Zacks Investment Research upgraded shares of RadiSys (NASDAQ:RSYS) from a sell rating to a hold rating in a research report released on Wednesday.
According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “
A number of other equities research analysts have also recently weighed in on RSYS. ValuEngine upgraded RadiSys from a strong sell rating to a sell rating in a research note on Friday, February 2nd. DA Davidson reiterated a buy rating on shares of RadiSys in a research note on Thursday, February 8th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The company has an average rating of Buy and an average price target of $3.60.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings data on Wednesday, February 7th. The technology company reported ($0.01) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.05. RadiSys had a negative return on equity of 71.41% and a negative net margin of 39.33%. The company had revenue of $32.30 million during the quarter, compared to analysts’ expectations of $31.09 million. During the same quarter in the previous year, the business earned $0.04 earnings per share. The firm’s revenue for the quarter was down 20.4% on a year-over-year basis. equities research analysts expect that RadiSys will post -0.26 EPS for the current year.
Several large investors have recently added to or reduced their stakes in RSYS. Two Sigma Advisers LP increased its holdings in shares of RadiSys by 247.7% in the fourth quarter. Two Sigma Advisers LP now owns 186,000 shares of the technology company’s stock valued at $187,000 after purchasing an additional 132,500 shares during the period. Millennium Management LLC acquired a new position in shares of RadiSys in the fourth quarter valued at approximately $200,000. B. Riley Financial Inc. increased its holdings in shares of RadiSys by 300.0% in the fourth quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock valued at $201,000 after purchasing an additional 150,000 shares during the period. Two Sigma Investments LP increased its holdings in shares of RadiSys by 76.7% in the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock valued at $457,000 after purchasing an additional 197,342 shares during the period. Finally, State Street Corp increased its holdings in shares of RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after purchasing an additional 47,538 shares during the period. 38.60% of the stock is currently owned by institutional investors and hedge funds.
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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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