Shares of RadiSys Corporation (NASDAQ:RSYS) shot up 11.9% on Monday . The stock traded as high as $0.80 and last traded at $0.75. 1,632,000 shares were traded during mid-day trading, an increase of 475% from the average session volume of 284,027 shares. The stock had previously closed at $0.67.

Several brokerages recently weighed in on RSYS. Needham & Company LLC cut their price objective on shares of RadiSys Corporation from $4.50 to $2.50 and set a “buy” rating on the stock in a research report on Wednesday, August 2nd. DA Davidson reissued a “buy” rating and set a $3.50 target price on shares of RadiSys Corporation in a research note on Friday, September 8th. Lake Street Capital reissued a “buy” rating and set a $3.00 target price (down previously from $4.50) on shares of RadiSys Corporation in a research note on Tuesday, August 8th. Jefferies Group LLC reissued a “buy” rating and set a $3.00 target price on shares of RadiSys Corporation in a research note on Sunday, September 10th. Finally, Roth Capital set a $6.00 target price on shares of RadiSys Corporation and gave the company a “buy” rating in a research note on Friday, July 28th. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. RadiSys Corporation presently has an average rating of “Buy” and an average target price of $3.60.

RadiSys Corporation (NASDAQ:RSYS) last released its earnings results on Tuesday, November 7th. The technology company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.16). The company had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. RadiSys Corporation had a negative net margin of 26.07% and a negative return on equity of 47.11%. The firm’s quarterly revenue was down 48.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.07 EPS. equities research analysts predict that RadiSys Corporation will post -0.59 earnings per share for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Moors & Cabot Inc. grew its stake in shares of RadiSys Corporation by 0.4% in the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after purchasing an additional 200 shares during the last quarter. Royce & Associates LP grew its stake in shares of RadiSys Corporation by 0.7% in the 2nd quarter. Royce & Associates LP now owns 763,157 shares of the technology company’s stock worth $2,869,000 after purchasing an additional 5,000 shares during the last quarter. Cadence Capital Management LLC grew its stake in shares of RadiSys Corporation by 5.8% in the 2nd quarter. Cadence Capital Management LLC now owns 144,193 shares of the technology company’s stock worth $542,000 after purchasing an additional 7,858 shares during the last quarter. Rhumbline Advisers grew its stake in shares of RadiSys Corporation by 26.3% in the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after purchasing an additional 8,575 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of RadiSys Corporation by 3.9% in the 1st quarter. Geode Capital Management LLC now owns 254,652 shares of the technology company’s stock worth $1,018,000 after purchasing an additional 9,654 shares during the last quarter. 52.85% of the stock is currently owned by institutional investors.

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About RadiSys Corporation

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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