Lake Street Capital Reaffirms “Buy” Rating for RadiSys Corporation (RSYS)

Lake Street Capital reissued their buy rating on shares of RadiSys Corporation (NASDAQ:RSYS) in a research note published on Wednesday, August 2nd, MarketBeat Ratings reports. The firm currently has a $3.00 price objective on the technology company’s stock, down from their previous price objective of $4.50.

Other research analysts also recently issued reports about the company. Needham & Company LLC cut their target price on RadiSys Corporation from $4.50 to $2.50 and set a buy rating on the stock in a report on Wednesday, August 2nd. Roth Capital set a $6.00 price objective on RadiSys Corporation and gave the company a buy rating in a research note on Friday, July 28th. Jefferies Group LLC reissued a buy rating and issued a $6.25 price objective (down from $6.75) on shares of RadiSys Corporation in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised RadiSys Corporation from a sell rating to a hold rating in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $3.63.

RadiSys Corporation (RSYS) traded up 8.61% during midday trading on Wednesday, reaching $1.64. The company had a trading volume of 491,187 shares. The stock has a 50-day moving average price of $2.62 and a 200 day moving average price of $3.60. RadiSys Corporation has a 12-month low of $1.47 and a 12-month high of $5.81. The company’s market capitalization is $64.03 million.

RadiSys Corporation (NASDAQ:RSYS) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The firm had revenue of $35.09 million for the quarter, compared to the consensus estimate of $35.05 million. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The business’s quarterly revenue was down 42.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. Equities analysts forecast that RadiSys Corporation will post ($0.34) EPS for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in RSYS. Malaga Cove Capital LLC increased its position in shares of RadiSys Corporation by 67.0% in the second quarter. Malaga Cove Capital LLC now owns 36,750 shares of the technology company’s stock worth $139,000 after buying an additional 14,750 shares in the last quarter. Rhumbline Advisers increased its position in shares of RadiSys Corporation by 26.3% in the second quarter. Rhumbline Advisers now owns 41,125 shares of the technology company’s stock worth $155,000 after buying an additional 8,575 shares in the last quarter. TFS Capital LLC acquired a new position in shares of RadiSys Corporation during the first quarter worth about $233,000. Trellus Management Company LLC purchased a new stake in shares of RadiSys Corporation during the first quarter worth approximately $300,000. Finally, AXA purchased a new stake in shares of RadiSys Corporation during the first quarter worth approximately $383,000. 57.29% of the stock is currently owned by institutional investors.

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.