RadiSys Corp. (RSYS) Trading Up 7%
Shares of RadiSys Corp. (NASDAQ:RSYS) were up 7% during mid-day trading 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 recently issued reports on RSYS shares. Zacks Investment Research upgraded 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. Jefferies Group reiterated a “buy” rating and set a $7.25 target price (up previously from $6.00) on shares of RadiSys Corp. in a research report on Friday, June 17th. Needham & Company LLC reiterated a “buy” rating and set a $5.50 target price (up previously from $4.00) on shares of RadiSys Corp. in a research report on Friday, April 8th. Roth Capital started coverage on RadiSys Corp. in a research report on Tuesday, March 22nd. They set a “buy” rating and a $6.00 target price for the company. Finally, Lake Street Capital started coverage on RadiSys Corp. in a research report on Monday, March 21st. They set a “buy” rating and a $4.50 target price for the company. Seven research analysts have rated the stock with a buy rating, RadiSys Corp. has an average rating of “Buy” and an average target price of $5.83.
The firm’s 50-day moving average is $4.77 and its 200-day moving average is $3.80. The stock’s market capitalization is $199.85 million.
RadiSys Corp. (NASDAQ:RSYS) last issued its quarterly earnings results on Tuesday, May 3rd. The company reported $0.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.03. The firm had revenue of $55.10 million for the quarter, compared to analyst estimates of $50.32 million. The business’s revenue was up 13.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.03 EPS. On average, equities analysts expect that RadiSys Corp. will post $0.25 earnings per share for the current fiscal year.
In other news, Director C Scott Gibson sold 18,000 shares of the business’s stock in a transaction dated Thursday, May 5th. The stock was sold at an average price of $4.94, for a total value of $88,920.00. Following the completion of the transaction, the director now owns 110,000 shares of the company’s stock, valued at approximately $543,400. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Several institutional investors recently modified their holdings of RSYS. Royce & Associates LLC boosted its position in shares of 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 during the period. Dimensional Fund Advisors LP boosted its position in shares of 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 during the period. Finally, Heartland Advisors Inc. bought a new position in shares of RadiSys Corp. during the fourth quarter valued at about $4,006,000.
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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