Zacks Investment Research Downgrades RadiSys Co. (RSYS) to Sell

RadiSys Co. (NASDAQ:RSYS) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Saturday.

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. “

Several other research analysts have also commented on RSYS. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective (down from $6.00) on shares of RadiSys in a report on Friday, February 10th. Jefferies Group LLC decreased their price target on shares of RadiSys to $6.75 and set a “buy” rating for the company in a research note on Friday, February 10th.

RadiSys (NASDAQ:RSYS) remained flat at $3.87 during midday trading on Friday. 29,726 shares of the company were exchanged. RadiSys has a 1-year low of $3.64 and a 1-year high of $5.81. The company has a 50 day moving average price of $3.86 and a 200 day moving average price of $4.31. The stock’s market capitalization is $150.51 million.

RadiSys (NASDAQ:RSYS) last issued its quarterly earnings data on Thursday, February 9th. The technology company reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate 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 analyst estimates of $42.07 million. During the same period in the prior year, the business earned $0.08 EPS. The company’s revenue for the quarter was down 7.9% on a year-over-year basis. Equities research analysts predict that RadiSys will post $0.11 earnings per share for the current year.

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

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

About RadiSys

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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