RadiSys Corp. (NASDAQ:RSYS) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.07. The company issued revenue guidance of $48-52 million, compared to the consensus revenue estimate of $45.73 million.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of RadiSys Corp. from a hold rating to a buy rating and set a $5.50 price objective for the company in a research note on Wednesday, July 13th. Needham & Company LLC reaffirmed a buy rating and issued a $5.50 price objective (up from $4.00) on shares of RadiSys Corp. in a research note on Friday, April 8th. Finally, Jefferies Group reaffirmed a buy rating and issued a $6.00 price objective on shares of RadiSys Corp. in a research note on Thursday, May 5th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Buy and an average target price of $5.83.
Shares of RadiSys Corp. (NASDAQ:RSYS) traded down 0.48% during trading on Tuesday, reaching $5.17. 358,595 shares of the company’s stock were exchanged. RadiSys Corp. has a 12-month low of $2.25 and a 12-month high of $5.44. The stock has a 50-day moving average price of $4.86 and a 200 day moving average price of $3.92. The company’s market capitalization is $191.69 million.
In related news, Director C Scott Gibson sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 5th. The stock was sold at an average price of $4.94, for a total value of $88,920.00. Following the sale, the director now owns 110,000 shares of the company’s stock, valued at approximately $543,400. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
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.