RadiSys (NASDAQ:RSYS) Cut to Strong Sell at Zacks Investment Research

RadiSys (NASDAQ:RSYS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Wednesday, January 10th.

According to Zacks, “RadiSys Corporation is a leader in computer based building blocks used by original equipment manufacturers for products in the telecommunications and networked equipment markets. Unlike general purpose computers, embedded computer solutions are incorporated into systems and equipment to provide a single or a limited number of critical system control functions and are generally integrated into larger automated systems. “

Separately, Roth Capital reissued a “buy” rating on shares of RadiSys in a research note on Monday, December 4th. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $3.60.

Shares of RadiSys (NASDAQ:RSYS) traded down $0.06 on Wednesday, hitting $1.04. 856,900 shares of the company’s stock were exchanged, compared to its average volume of 1,754,540. RadiSys has a 1-year low of $0.63 and a 1-year high of $4.71. The firm has a market capitalization of $43.06, a PE ratio of -1.09 and a beta of 1.20.

RadiSys (NASDAQ:RSYS) last announced its quarterly earnings results on Tuesday, November 7th. The technology company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.16). RadiSys had a negative net margin of 26.07% and a negative return on equity of 47.11%. The company had revenue of $28.80 million for the quarter, compared to analyst estimates of $28.11 million. During the same quarter in the prior year, the business earned $0.07 earnings per share. RadiSys’s revenue was down 48.0% on a year-over-year basis. sell-side analysts anticipate that RadiSys will post -0.59 earnings per share for the current year.

Large investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of RadiSys 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 buying an additional 25,495 shares during the last quarter. Rhumbline Advisers lifted its position in shares of RadiSys by 26.3% during the 2nd quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RadiSys 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 buying an additional 49,835 shares during the last quarter. State Street Corp lifted its position in shares of RadiSys 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 buying an additional 47,538 shares during the last quarter. Finally, Moors & Cabot Inc. lifted its position in shares of RadiSys by 0.4% during the 2nd quarter. Moors & Cabot Inc. now owns 47,900 shares of the technology company’s stock worth $183,000 after buying an additional 200 shares during the last quarter. Institutional investors and hedge funds own 57.18% of the company’s stock.

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RadiSys 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.

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