RadiSys Corp. (RSYS) Reaches New 1-Year High at $5.44
RadiSys Corp. (NASDAQ:RSYS) reached a new 52-week high during trading on Monday . The stock traded as high as $5.44 and last traded at $5.25, with a volume of 184,378 shares changing hands. The stock had previously closed at $5.39.
RSYS has been the subject of several recent analyst reports. 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 note on Wednesday, July 13th. Jefferies Group reissued a “buy” rating and set a $7.25 target price (up previously from $6.00) on shares of RadiSys Corp. in a research note on Friday, June 17th. Needham & Company LLC reissued a “buy” rating and set a $5.50 target price (up previously from $4.00) on shares of RadiSys Corp. in a research note on Friday, April 8th. Roth Capital initiated coverage on RadiSys Corp. in a research note on Tuesday, March 22nd. They set a “buy” rating and a $6.00 target price for the company. Finally, Lake Street Capital initiated coverage on RadiSys Corp. in a research note on Monday, March 21st. They set a “buy” rating and a $4.50 target price for the company. Seven investment analysts have rated the stock with a buy rating, The company has a consensus rating of “Buy” and an average target price of $5.83.
The company has a 50-day moving average of $4.77 and a 200-day moving average of $3.80. The stock’s market capitalization is $194.65 million.
RadiSys Corp. (NASDAQ:RSYS) last issued its earnings results on Tuesday, May 3rd. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business had revenue of $55.10 million for the quarter, compared to analyst estimates of $50.32 million. During the same quarter last year, the firm posted $0.03 earnings per share. RadiSys Corp.’s revenue was up 13.1% on a year-over-year basis. Equities research analysts predict that RadiSys Corp. will post $0.25 EPS for the current year.
In other news, Director C Scott Gibson sold 18,000 shares of RadiSys Corp. stock in a transaction dated Thursday, May 5th. The shares were sold at an average price of $4.94, for a total transaction of $88,920.00. Following the sale, the director now directly owns 110,000 shares in the company, valued at approximately $543,400. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
Several hedge funds have modified their holdings of the stock. Heartland Advisors Inc. acquired a new stake in shares of RadiSys Corp. during the fourth quarter valued at $4,006,000. Royce & Associates LLC raised its stake 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. Finally, Dimensional Fund Advisors LP raised its stake 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.
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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