Zacks Investment Research Downgrades RadiSys Corporation (RSYS) to Sell
RadiSys Corporation (NASDAQ:RSYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday.
According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “
RSYS has been the subject of a number of other research reports. Jefferies Group LLC decreased their price target on shares of RadiSys Corporation to $6.75 and set a “buy” rating for the company in a research note on Friday, February 10th. Needham & Company LLC restated a “buy” rating and set a $5.00 price target (down previously from $6.00) on shares of RadiSys Corporation in a research note on Friday, February 10th. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $5.55.
Shares of RadiSys Corporation (NASDAQ:RSYS) traded down 0.78% during trading on Friday, hitting $3.80. 77,759 shares of the stock traded hands. The stock’s market cap is $146.17 million. RadiSys Corporation has a 1-year low of $2.54 and a 1-year high of $5.81. The stock has a 50 day moving average price of $4.38 and a 200-day moving average price of $4.69.
RadiSys Corporation (NASDAQ:RSYS) last announced its quarterly earnings results on Thursday, February 9th. The company reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04. The business earned $40.60 million during the quarter, compared to analyst estimates of $42.07 million. RadiSys Corporation had a negative net margin of 4.83% and a positive return on equity of 9.36%. RadiSys Corporation’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.08 EPS. Equities analysts forecast that RadiSys Corporation will post $0.11 EPS for the current year.
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In other RadiSys Corporation news, CEO Brian Bronson sold 120,000 shares of the business’s stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $3.88, for a total transaction of $465,600.00. Following the completion of the sale, the chief executive officer now owns 495,662 shares in the company, valued at approximately $1,923,168.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.90% of the company’s stock.
A number of hedge funds have recently made changes to their positions in RSYS. Pacific Ridge Capital Partners LLC raised its stake in shares of RadiSys Corporation by 15.3% in the third quarter. Pacific Ridge Capital Partners LLC now owns 1,152,850 shares of the company’s stock worth $6,162,000 after buying an additional 152,560 shares during the period. Paradigm Capital Management Inc. NY increased its position in RadiSys Corporation by 18.5% in the third quarter. Paradigm Capital Management Inc. NY now owns 1,095,042 shares of the company’s stock worth $5,853,000 after buying an additional 170,842 shares in the last quarter. Silver Capital Management LLC increased its position in RadiSys Corporation by 18.2% in the third quarter. Silver Capital Management LLC now owns 20,103 shares of the company’s stock worth $107,000 after buying an additional 3,100 shares in the last quarter. Alambic Investment Management L.P. increased its position in RadiSys Corporation by 46.7% in the third quarter. Alambic Investment Management L.P. now owns 119,058 shares of the company’s stock worth $636,000 after buying an additional 37,900 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in RadiSys Corporation by 66.9% in the second quarter. Bank of New York Mellon Corp now owns 134,236 shares of the company’s stock worth $602,000 after buying an additional 53,809 shares in the last quarter. Institutional investors and hedge funds own 61.23% of the company’s stock.
RadiSys Corporation 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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