RadiSys Corp. (RSYS) Receives $6.00 Average Target Price from Analysts
RadiSys Corp. (NASDAQ:RSYS) has been given a consensus recommendation of “Buy” by the seven research firms that are currently covering the company. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $6.00.
RSYS has been the topic of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $6.00 price objective (up previously from $5.50) on shares of RadiSys Corp. in a research note on Wednesday, July 27th. Zacks Investment Research cut RadiSys Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th.
A number of large investors have recently bought and sold shares of the stock. Algert Global LLC boosted its stake in RadiSys Corp. by 23.7% in the third quarter. Algert Global LLC now owns 411,306 shares of the company’s stock worth $2,198,000 after buying an additional 78,880 shares during the period. Schwab Charles Investment Management Inc. purchased a new position in shares of RadiSys Corp. during the second quarter worth approximately $287,000. Wedge Capital Management L L P NC raised its position in shares of RadiSys Corp. by 25.4% in the second quarter. Wedge Capital Management L L P NC now owns 175,100 shares of the company’s stock worth $784,000 after buying an additional 35,500 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of RadiSys Corp. during the second quarter worth approximately $246,000. Finally, Advisory Research Inc. purchased a new position in shares of RadiSys Corp. during the second quarter worth approximately $756,000. Institutional investors and hedge funds own 59.35% of the company’s stock.
RadiSys Corp. (NASDAQ:RSYS) opened at 4.69 on Thursday. The stock’s 50 day moving average is $5.24 and its 200-day moving average is $4.82. RadiSys Corp. has a 52-week low of $2.25 and a 52-week high of $5.81. The firm’s market capitalization is $179.53 million.
RadiSys Corp. (NASDAQ:RSYS) last announced its quarterly earnings data on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. RadiSys Corp. had a positive return on equity of 10.60% and a negative net margin of 3.44%. The company had revenue of $61.30 million for the quarter, compared to analysts’ expectations of $59.72 million. During the same quarter in the prior year, the business posted $0.03 EPS. The business’s revenue was up 30.3% compared to the same quarter last year. Equities analysts expect that RadiSys Corp. will post $0.25 earnings per share for the current year.
RadiSys Corp. 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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