Zacks Investment Research Lowers RadiSys Co. (RSYS) to Sell
RadiSys Co. (NASDAQ:RSYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.
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. “
Other equities analysts have also issued reports about the stock. Needham & Company LLC reissued a “buy” rating and set a $5.00 price target (down from $6.00) on shares of RadiSys in a research report on Thursday, February 16th. Jefferies Group LLC reissued a “buy” rating and set a $6.75 price target (down from $7.25) on shares of RadiSys in a research report on Thursday, February 16th.
RadiSys (NASDAQ:RSYS) traded up 0.388% on Friday, hitting $3.885. 30,426 shares of the stock were exchanged. The stock’s market cap is $151.09 million. The company has a 50-day moving average of $3.86 and a 200-day moving average of $4.31. RadiSys has a 12 month low of $3.64 and a 12 month high of $5.81.
RadiSys (NASDAQ:RSYS) last posted its quarterly earnings results on Thursday, February 9th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04. RadiSys had a negative net margin of 4.83% and a positive return on equity of 9.36%. The company earned $40.60 million during the quarter, compared to analyst estimates of $42.07 million. During the same period last year, the firm posted $0.08 EPS. RadiSys’s revenue for the quarter was down 7.9% compared to the same quarter last year. On average, equities analysts predict that RadiSys will post $0.11 EPS for the current year.
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In other news, CEO Brian Bronson sold 120,000 shares of RadiSys stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $3.88, for a total transaction of $465,600.00. Following the completion of the transaction, the chief executive officer now directly owns 495,662 shares of the company’s stock, valued at approximately $1,923,168.56. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.90% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of RSYS. Silver Capital Management LLC raised its position in RadiSys by 18.2% in the third quarter. Silver Capital Management LLC now owns 20,103 shares of the technology company’s stock valued at $107,000 after buying an additional 3,100 shares during the period. Sei Investments Co. raised its position in RadiSys by 90.8% in the third quarter. Sei Investments Co. now owns 30,002 shares of the technology company’s stock valued at $160,000 after buying an additional 14,276 shares during the period. Moors & Cabot Inc. raised its position in RadiSys by 41.8% in the third quarter. Moors & Cabot Inc. now owns 50,900 shares of the technology company’s stock valued at $271,000 after buying an additional 15,000 shares during the period. Alambic Investment Management L.P. raised its position in RadiSys by 46.7% in the third quarter. Alambic Investment Management L.P. now owns 119,058 shares of the technology company’s stock valued at $636,000 after buying an additional 37,900 shares during the period. Finally, Russell Investments Group Ltd. purchased a new position in RadiSys during the fourth quarter valued at $739,000. 61.23% of the stock is owned by hedge funds and other institutional investors.
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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