RadiSys Co. (RSYS) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research cut shares of RadiSys Co. (NASDAQ:RSYS) from a hold rating to a sell rating in a report released on Saturday morning.

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. “

RSYS has been the subject of a number of other research reports. Needham & Company LLC reissued a buy rating and set a $5.00 target price (down previously from $6.00) on shares of RadiSys in a research note on Thursday, February 16th. Jefferies Group LLC reissued a buy rating and set a $6.75 target price (down previously from $7.25) on shares of RadiSys in a research note on Thursday, February 16th.

RadiSys (NASDAQ:RSYS) opened at 3.87 on Friday. RadiSys has a 1-year low of $3.64 and a 1-year high of $5.81. The firm’s market capitalization is $150.51 million. The stock’s 50 day moving average is $3.91 and its 200-day moving average is $4.49.

RadiSys (NASDAQ:RSYS) last announced its earnings results on Thursday, February 9th. The company reported $0.04 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.04. RadiSys had a negative net margin of 4.83% and a positive return on equity of 9.36%. The business earned $40.60 million during the quarter, compared to the consensus estimate of $42.07 million. During the same quarter last year, the firm earned $0.08 earnings per share. RadiSys’s quarterly revenue was down 7.9% on a year-over-year basis. Analysts forecast that RadiSys will post $0.11 EPS for the current year.

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In related news, CEO Brian Bronson sold 120,000 shares of RadiSys stock in a transaction on Tuesday, February 14th. The shares were sold at an average price of $3.88, for a total transaction of $465,600.00. Following the completion of the transaction, the chief executive officer now owns 495,662 shares of the company’s stock, valued at $1,923,168.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 4.90% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in RSYS. Silver Capital Management LLC increased its position in shares of RadiSys by 18.2% in the third quarter. Silver Capital Management LLC now owns 20,103 shares of the company’s stock worth $107,000 after buying an additional 3,100 shares in the last quarter. Sei Investments Co. increased its position in shares of RadiSys by 90.8% in the third quarter. Sei Investments Co. now owns 30,002 shares of the company’s stock worth $160,000 after buying an additional 14,276 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of RadiSys by 41.8% in the third quarter. Moors & Cabot Inc. now owns 50,900 shares of the company’s stock worth $271,000 after buying an additional 15,000 shares in the last quarter. Alambic Investment Management L.P. increased its position in shares of RadiSys by 46.7% in the third quarter. Alambic Investment Management L.P. now owns 119,058 shares of the company’s stock worth $636,000 after buying an additional 37,900 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of RadiSys during the fourth quarter worth $739,000. 61.23% of the stock is owned by institutional investors and hedge funds.

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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