RadiSys Corp. (RSYS) Receives Consensus Rating of “Buy” from Analysts
RadiSys Corp. (NASDAQ:RSYS) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are currently covering the stock. One investment analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $6.00.
A number of equities analysts have recently commented on the company. Zacks Investment Research lowered RadiSys Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price objective (up from $5.50) on shares of RadiSys Corp. in a research note on Wednesday, July 27th.
Shares of RadiSys Corp. (NASDAQ:RSYS) traded up 0.22% on Thursday, reaching $4.55. The company had a trading volume of 48,072 shares. RadiSys Corp. has a 52-week low of $2.25 and a 52-week high of $5.81. The firm’s market capitalization is $174.91 billion. The company has a 50-day moving average price of $4.74 and a 200-day moving average price of $4.84.
RadiSys Corp. (NASDAQ:RSYS) last posted its earnings results on Tuesday, October 25th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.03. RadiSys Corp. had a positive return on equity of 11.13% and a negative net margin of 3.54%. The company had revenue of $55.40 million for the quarter, compared to analyst estimates of $49.87 million. During the same period last year, the company earned $0.07 earnings per share. The business’s revenue was up 23.7% compared to the same quarter last year. Equities research analysts forecast that RadiSys Corp. will post $0.25 EPS for the current fiscal year.
In other news, Director Pesquidoux Hubert De bought 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 3rd. The shares were acquired at an average cost of $4.01 per share, with a total value of $40,100.00. Following the completion of the transaction, the director now directly owns 75,031 shares in the company, valued at $300,874.31. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.90% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Silver Capital Management LLC increased its stake in RadiSys Corp. by 18.2% in the third quarter. Silver Capital Management LLC now owns 20,103 shares of the company’s stock worth $107,000 after buying an additional 3,100 shares during the last quarter. Nationwide Fund Advisors increased its stake in RadiSys Corp. by 163.1% in the second quarter. Nationwide Fund Advisors now owns 28,327 shares of the company’s stock worth $127,000 after buying an additional 17,559 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in RadiSys Corp. during the third quarter worth $134,000. Rhumbline Advisers bought a new stake in RadiSys Corp. during the second quarter worth $142,000. Finally, Moors & Cabot Inc. increased its stake in RadiSys Corp. by 62.4% in the second quarter. Moors & Cabot Inc. now owns 35,900 shares of the company’s stock worth $157,000 after buying an additional 13,800 shares during the last quarter. 58.21% of the stock is currently owned by institutional investors.
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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