RadiSys Corp. (RSYS) Trading Up 7%
Shares of RadiSys Corp. (NASDAQ:RSYS) were up 7% on Friday . The stock traded as high as $5.20 and last traded at $5.20, with a volume of 229,802 shares traded. The stock had previously closed at $4.86.
Several analysts have recently weighed in on RSYS shares. Lake Street Capital started coverage on RadiSys Corp. in a report on Monday, March 21st. They set a “buy” rating and a $4.50 price objective on the stock. Roth Capital started coverage on RadiSys Corp. in a report on Tuesday, March 22nd. They set a “buy” rating and a $6.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $5.50 price objective (up previously from $4.00) on shares of RadiSys Corp. in a report on Friday, April 8th. Jefferies Group reissued a “buy” rating and set a $6.00 price objective on shares of RadiSys Corp. in a report on Thursday, May 5th. Finally, Zacks Investment Research raised RadiSys Corp. from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Wednesday. Seven research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of $5.83.
The company’s 50 day moving average is $4.74 and its 200 day moving average is $3.78. The company’s market cap is $195.77 million.
RadiSys Corp. (NASDAQ:RSYS) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. The business earned $55.10 million during the quarter, compared to the consensus estimate of $50.32 million. RadiSys Corp.’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.03 EPS. On average, equities research analysts forecast that RadiSys Corp. will post $0.25 earnings per share for the current year.
In other RadiSys Corp. news, Director C Scott Gibson sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $4.94, for a total value of $88,920.00. Following the sale, the director now owns 110,000 shares in the company, valued at $543,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
A number of hedge funds have added to or reduced their stakes in the stock. Heartland Advisors Inc. acquired a new stake in RadiSys Corp. during the fourth quarter valued at about $4,006,000. Dimensional Fund Advisors LP raised its stake in RadiSys Corp. by 1.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,281,812 shares of the company’s stock valued at $3,551,000 after buying an additional 16,303 shares in the last quarter. Finally, Royce & Associates LLC raised its stake in RadiSys Corp. by 26.8% in the fourth quarter. Royce & Associates LLC now owns 1,100,257 shares of the company’s stock valued at $3,048,000 after buying an additional 232,700 shares in the last quarter.
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.