RadiSys Corp. (RSYS) Sees Unusually-High Trading Volume
Shares of RadiSys Corp. (NASDAQ:RSYS) saw an uptick in trading volume on Monday . 237,200 shares changed hands during mid-day trading, an increase of 82% from the previous session’s volume of 130,480 shares.The stock last traded at $5.24 and had previously closed at $5.03.
Several brokerages recently issued reports on RSYS. Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target (up from $5.50) on shares of RadiSys Corp. in a research note on Wednesday, July 27th. Zacks Investment Research cut RadiSys Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. Finally, Jefferies Group reiterated a “buy” rating and issued a $7.25 price target (up from $6.00) on shares of RadiSys Corp. in a research note on Friday, June 17th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.92.
The firm has a 50 day moving average of $5.00 and a 200-day moving average of $4.37. The firm’s market capitalization is $200.58 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 firm had revenue of $61.30 million for the quarter, compared to the consensus estimate of $59.72 million. During the same period in the prior year, the business earned $0.03 EPS. RadiSys Corp.’s quarterly revenue was up 30.3% compared to the same quarter last year. On average, 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.
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