RadiSys Corporation (RSYS) Posts Quarterly Earnings Results, Misses Expectations By $0.16 EPS
RadiSys Corporation (NASDAQ:RSYS) issued its earnings results on Tuesday. The technology company reported ($0.28) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.16), Bloomberg Earnings reports. The firm had revenue of $28.80 million during the quarter, compared to analysts’ expectations of $28.11 million. RadiSys Corporation had a negative net margin of 14.38% and a negative return on equity of 14.12%. The firm’s revenue was down 48.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS.
RadiSys Corporation (NASDAQ:RSYS) opened at $1.28 on Wednesday. RadiSys Corporation has a 52-week low of $1.23 and a 52-week high of $5.26.
RSYS has been the topic of several analyst reports. Jefferies Group LLC reaffirmed a “buy” rating and issued a $6.25 target price (down previously from $6.75) on shares of RadiSys Corporation in a report on Tuesday, July 25th. Roth Capital set a $6.00 target price on shares of RadiSys Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Needham & Company LLC lowered their target price on shares of RadiSys Corporation from $4.50 to $2.50 and set a “buy” rating on the stock in a report on Wednesday, August 2nd. Lake Street Capital reissued a “buy” rating and set a $3.00 price objective (down previously from $4.50) on shares of RadiSys Corporation in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of RadiSys Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $3.60.
An institutional investor recently raised its position in RadiSys Corporation stock. State Street Corp boosted its holdings in shares of RadiSys Corporation (NASDAQ:RSYS) by 10.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 517,315 shares of the technology company’s stock after acquiring an additional 47,538 shares during the period. State Street Corp owned about 1.32% of RadiSys Corporation worth $1,946,000 at the end of the most recent reporting period. 56.14% of the stock is currently owned by institutional investors.
RadiSys Corporation 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.
Receive News & Stock Ratings for RadiSys Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RadiSys Corporation and related stocks with our FREE daily email newsletter.