Brokerages Set RadiSys Co. (RSYS) Price Target at $2.83

Shares of RadiSys Co. (NASDAQ:RSYS) have earned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $2.83.

RSYS has been the topic of a number of recent analyst reports. ValuEngine upgraded RadiSys from a “strong sell” rating to a “sell” rating in a report on Friday, February 2nd. Zacks Investment Research cut RadiSys from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 10th. Roth Capital reiterated a “buy” rating on shares of RadiSys in a report on Monday, December 4th. Finally, DA Davidson reiterated a “buy” rating on shares of RadiSys in a report on Thursday, February 8th.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Financial Inc. lifted its holdings in RadiSys by 300.0% in the fourth quarter. B. Riley Financial Inc. now owns 200,000 shares of the technology company’s stock valued at $201,000 after acquiring an additional 150,000 shares during the last quarter. Dimensional Fund Advisors LP raised its position in RadiSys by 3.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock valued at $5,785,000 after purchasing an additional 49,835 shares during the period. State Street Corp raised its position in RadiSys by 10.1% in the second quarter. State Street Corp now owns 517,315 shares of the technology company’s stock valued at $1,946,000 after purchasing an additional 47,538 shares during the period. Millennium Management LLC purchased a new stake in RadiSys in the fourth quarter valued at approximately $200,000. Finally, Two Sigma Investments LP increased its position in shares of RadiSys by 76.7% during the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock worth $457,000 after acquiring an additional 197,342 shares during the period. Hedge funds and other institutional investors own 38.61% of the company’s stock.

Shares of RadiSys (RSYS) traded down $0.02 during trading on Tuesday, hitting $0.68. The stock had a trading volume of 490,328 shares, compared to its average volume of 827,648. The firm has a market cap of $26.91, a PE ratio of -0.51 and a beta of 0.74. RadiSys has a fifty-two week low of $0.63 and a fifty-two week high of $4.39.

RadiSys (NASDAQ:RSYS) last issued its earnings results on Wednesday, February 7th. The technology company reported ($0.01) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. The business had revenue of $32.30 million for the quarter, compared to analysts’ expectations of $31.09 million. RadiSys had a negative return on equity of 71.41% and a negative net margin of 39.33%. The business’s revenue for the quarter was down 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.04 EPS. equities research analysts expect that RadiSys will post -0.26 earnings per share for the current 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.

Analyst Recommendations for RadiSys (NASDAQ:RSYS)

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