RadiSys Corp. (RSYS) Shares Down 2%
RadiSys Corp. (NASDAQ:RSYS) shares traded down 2% on Monday . The stock traded as low as $4.89 and last traded at $4.94, with a volume of 60,102 shares traded. The stock had previously closed at $5.04.
Several research analysts recently weighed in on the stock. Jefferies Group restated a “buy” rating and set a $6.00 price target on shares of RadiSys Corp. in a report on Thursday, May 5th. Zacks Investment Research cut shares of RadiSys Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Needham & Company LLC restated a “buy” rating and set a $6.00 price target (up from $5.50) on shares of RadiSys Corp. in a report on Wednesday, July 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $5.92.
The firm’s 50-day moving average price is $4.99 and its 200-day moving average price is $4.36. The company’s market cap is $187.95 million.
RadiSys Corp. (NASDAQ:RSYS) last posted its earnings results on Tuesday, July 26th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company earned $61.30 million during the quarter, compared to analysts’ expectations of $59.72 million. During the same period in the prior year, the business posted $0.03 earnings per share. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. On average, equities analysts anticipate that RadiSys Corp. will post $0.25 EPS for the current year.
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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