RadiSys Corp. (RSYS) Hits New 12-Month High at $5.44
RadiSys Corp. (NASDAQ:RSYS) reached a new 52-week high during trading on Monday . The stock traded as high as $5.44 and last traded at $5.25, with a volume of 184,378 shares traded. The stock had previously closed at $5.39.
RSYS has been the topic of several recent research reports. Roth Capital started coverage on shares of RadiSys Corp. in a research report on Tuesday, March 22nd. They set a “buy” rating and a $6.00 target price on the stock. Needham & Company LLC restated a “buy” rating and issued a $5.50 price target (up previously from $4.00) on shares of RadiSys Corp. in a research report on Friday, April 8th. Jefferies Group restated a “buy” rating and issued a $6.00 price target on shares of RadiSys Corp. in a research report on Thursday, May 5th. Finally, Zacks Investment Research upgraded shares of RadiSys Corp. from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Wednesday, July 13th. Seven investment analysts have rated the stock with a buy rating, RadiSys Corp. presently has an average rating of “Buy” and a consensus target price of $5.83.
The company’s market capitalization is $193.91 million. The company has a 50 day moving average price of $4.81 and a 200-day moving average price of $3.84.
RadiSys Corp. (NASDAQ:RSYS) last released its quarterly earnings results on Tuesday, May 3rd. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. During the same period in the prior year, the firm earned $0.03 EPS. The company earned $55.10 million during the quarter, compared to analysts’ expectations of $50.32 million. RadiSys Corp.’s quarterly revenue was up 13.1% on a year-over-year basis. On average, equities analysts predict that RadiSys Corp. will post $0.25 EPS for the current fiscal year.
In other RadiSys Corp. news, Director C Scott Gibson sold 18,000 shares of the business’s stock in a transaction that occurred on Thursday, May 5th. The shares were sold at an average price of $4.94, for a total value of $88,920.00. Following the completion of the transaction, the director now owns 110,000 shares of the company’s stock, valued at approximately $543,400. The transaction was disclosed in a filing with the SEC, which is available through this link.
Several large investors have made changes to their positions in the company. Royce & Associates LLC raised its stake in shares of RadiSys Corp. by 26.8% in the fourth quarter. Royce & Associates LLC now owns 1,100,257 shares of the company’s stock worth $3,048,000 after buying an additional 232,700 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of RadiSys Corp. by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,281,812 shares of the company’s stock worth $3,551,000 after buying an additional 16,303 shares during the last quarter. Finally, Heartland Advisors Inc. acquired a new stake in shares of RadiSys Corp. during the fourth quarter worth $4,006,000.
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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