RadiSys (RSYS) Shares Down 8.5%
RadiSys Co. (NASDAQ:RSYS) shares were down 8.5% during trading on Wednesday . The stock traded as low as $0.85 and last traded at $0.86. Approximately 1,136,500 shares traded hands during mid-day trading, an increase of 159% from the average daily volume of 438,577 shares. The stock had previously closed at $0.94.
Several research analysts have recently commented on RSYS shares. ValuEngine lowered shares of RadiSys from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Zacks Investment Research raised shares of RadiSys from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Roth Capital reissued a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. Jefferies Group reissued a “buy” rating and issued a $3.00 price objective on shares of RadiSys in a research note on Sunday, September 10th. Finally, DA Davidson reissued a “buy” rating and issued a $3.50 price objective on shares of RadiSys in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $3.60.
RadiSys (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). RadiSys had a negative return on equity of 47.11% and a negative net margin of 26.07%. The firm had revenue of $28.80 million during the quarter, compared to analysts’ expectations of $28.11 million. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s revenue was down 48.0% compared to the same quarter last year. equities analysts anticipate that RadiSys Co. will post -0.59 EPS for the current fiscal year.
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RadiSys 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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