RadiSys Corp. (RSYS) Trading Up 3.6%
Shares of RadiSys Corp. (NASDAQ:RSYS) were up 3.6% during trading on Friday . The company traded as high as $5.22 and last traded at $5.21, with a volume of 171,090 shares trading hands. The stock had previously closed at $5.03.
A number of analysts recently commented on RSYS shares. Zacks Investment Research raised RadiSys Corp. from a “hold” rating to a “buy” rating and set a $5.50 target price for the company in a research report on Wednesday, July 13th. Needham & Company LLC reaffirmed a “buy” rating and issued a $6.00 target price (up from $5.50) on shares of RadiSys Corp. in a research report on Wednesday, July 27th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $7.25 target price (up from $6.00) on shares of RadiSys Corp. in a research report on Friday, June 17th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $5.92.
The stock’s 50-day moving average price is $4.99 and its 200 day moving average price is $4.37. The company’s market cap is $200.58 million.
RadiSys Corp. (NASDAQ:RSYS) last issued its quarterly earnings data on Tuesday, July 26th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04. The business had revenue of $61.30 million for the quarter, compared to the consensus estimate of $59.72 million. The company’s revenue was up 30.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Equities analysts anticipate that RadiSys Corp. will post $0.25 EPS for the current fiscal 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.