RadiSys Corp. (RSYS) Shares Up 3.6%
RadiSys Corp. (NASDAQ:RSYS) shares shot up 3.6% during mid-day trading on Friday . The stock traded as high as $5.22 and last traded at $5.21, with a volume of 171,090 shares trading hands. The stock had previously closed at $5.03.
A number of analysts recently issued reports on RSYS shares. Jefferies Group reiterated a “buy” rating and issued a $7.25 price target (up previously from $6.00) on shares of RadiSys Corp. in a report on Friday, June 17th. Zacks Investment Research lowered RadiSys Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, July 26th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $6.00 price target (up previously from $5.50) on shares of RadiSys Corp. in a report on Wednesday, July 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $5.92.
The firm has a 50 day moving average price of $5.00 and a 200-day moving average price of $4.37. The company’s market capitalization is $200.58 million.
RadiSys Corp. (NASDAQ:RSYS) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.10 EPS for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. The business earned $61.30 million during the quarter, compared to analyst estimates of $59.72 million. During the same quarter in the previous year, the company posted $0.03 EPS. The firm’s revenue was up 30.3% on a year-over-year basis. Equities research analysts forecast that RadiSys Corp. will post $0.25 EPS for the current 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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