RadiSys Corporation (NASDAQ:RSYS) – Investment analysts at DA Davidson cut their FY2017 earnings per share estimates for RadiSys Corporation in a research note issued on Wednesday. DA Davidson analyst T. Diffely now expects that the technology company will earn ($0.59) per share for the year, down from their prior estimate of ($0.39). DA Davidson has a “Buy” rating and a $3.50 price objective on the stock. DA Davidson also issued estimates for RadiSys Corporation’s Q4 2017 earnings at ($0.06) EPS, Q1 2018 earnings at ($0.09) EPS, Q2 2018 earnings at ($0.06) EPS, Q3 2018 earnings at ($0.02) EPS, Q4 2018 earnings at $0.02 EPS and FY2018 earnings at ($0.16) EPS.

RadiSys Corporation (NASDAQ:RSYS) last posted its earnings results on Tuesday, November 7th. The technology company reported ($0.28) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.16). RadiSys Corporation had a negative return on equity of 47.11% and a negative net margin of 26.07%. The firm had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. During the same quarter last year, the firm posted $0.07 EPS. The firm’s revenue for the quarter was down 48.0% on a year-over-year basis.

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Other analysts have also recently issued research reports about the company. Needham & Company LLC reiterated a “buy” rating and set a $2.50 target price (down previously from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. Lake Street Capital reiterated a “buy” rating and set a $3.00 target price (down previously from $4.50) on shares of RadiSys Corporation in a research report on Tuesday, August 8th. Jefferies Group LLC reiterated a “buy” rating and set a $3.00 target price (down previously from $6.25) on shares of RadiSys Corporation in a research report on Wednesday, August 2nd. Roth Capital set a $6.00 price target on RadiSys Corporation and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded RadiSys Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $3.60.

Shares of RadiSys Corporation (NASDAQ RSYS) opened at $0.74 on Monday. RadiSys Corporation has a 52-week low of $0.63 and a 52-week high of $5.26.

A number of hedge funds have recently modified their holdings of RSYS. Paradigm Capital Management Inc. NY increased its position in RadiSys Corporation by 24.4% in the 2nd quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock valued at $11,056,000 after acquiring an additional 577,132 shares during the period. S Squared Technology LLC increased its position in RadiSys Corporation by 34.7% during the 2nd quarter. S Squared Technology LLC now owns 413,402 shares of the technology company’s stock worth $1,554,000 after purchasing an additional 106,500 shares during the period. Dimensional Fund Advisors LP increased its position in RadiSys Corporation by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,609 shares of the technology company’s stock worth $5,785,000 after purchasing an additional 49,835 shares during the period. State Street Corp increased its position in RadiSys Corporation by 10.1% during the 2nd quarter. State Street Corp now owns 517,315 shares of the technology company’s stock worth $1,946,000 after purchasing an additional 47,538 shares during the period. Finally, Bank of New York Mellon Corp increased its position in RadiSys Corporation by 19.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 155,665 shares of the technology company’s stock worth $585,000 after purchasing an additional 25,495 shares during the period. Hedge funds and other institutional investors own 52.85% 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.

Earnings History and Estimates for RadiSys Corporation (NASDAQ:RSYS)

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