Brokerages Anticipate RadiSys Co. (RSYS) Will Post Quarterly Sales of $22.51 Million

Brokerages expect RadiSys Co. (NASDAQ:RSYS) to announce $22.51 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for RadiSys’ earnings, with the lowest sales estimate coming in at $22.00 million and the highest estimate coming in at $23.20 million. RadiSys reported sales of $37.61 million in the same quarter last year, which indicates a negative year over year growth rate of 40.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, May 1st.

According to Zacks, analysts expect that RadiSys will report full-year sales of $22.51 million for the current fiscal year, with estimates ranging from $85.00 million to $90.30 million. For the next financial year, analysts anticipate that the company will post sales of $98.75 million per share, with estimates ranging from $95.00 million to $102.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow RadiSys.

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RadiSys (NASDAQ:RSYS) last posted its quarterly earnings results on Wednesday, February 7th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.05. RadiSys had a negative net margin of 39.33% and a negative return on equity of 71.41%. The firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $31.09 million. During the same period in the prior year, the firm posted $0.04 earnings per share. The company’s quarterly revenue was down 20.4% compared to the same quarter last year.

RSYS has been the topic of several analyst reports. Zacks Investment Research lowered shares of RadiSys from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 7th. Roth Capital reaffirmed a “buy” rating on shares of RadiSys in a research report on Monday, December 4th. ValuEngine raised shares of RadiSys from a “strong sell” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, DA Davidson reaffirmed a “buy” rating on shares of RadiSys in a research report on Thursday, February 8th. Two analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. RadiSys has an average rating of “Hold” and a consensus price target of $3.60.

RSYS stock traded up $0.01 during midday trading on Wednesday, reaching $0.70. 648,828 shares of the company’s stock traded hands, compared to its average volume of 981,007. RadiSys has a 1 year low of $0.63 and a 1 year high of $4.39. The company has a market capitalization of $26.91, a price-to-earnings ratio of -0.52 and a beta of 0.74.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC raised its position in shares of RadiSys by 22.7% in the fourth quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock valued at $3,110,000 after purchasing an additional 573,400 shares during the period. Dimensional Fund Advisors LP raised its position in shares of 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 shares of 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. Two Sigma Investments LP raised its position in shares of RadiSys by 76.7% in the fourth quarter. Two Sigma Investments LP now owns 454,623 shares of the technology company’s stock valued at $457,000 after purchasing an additional 197,342 shares during the period. Finally, B. Riley Financial Inc. raised its position in shares of 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 purchasing an additional 150,000 shares during the period. 38.61% of the stock is currently owned by hedge funds and other institutional investors.

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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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