RadiSys Corporation (RSYS) reported quarterly earnings results on Tuesday, May-3-2016. The company said it had a profit of $0.05 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.03. The company posted revenue of $55.10 million in the period, compared to analysts expectations of $50.32 million. The company’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on RadiSys Corporation. Company shares were Reiterated by Needham on Apr 8, 2016 to “Buy”, Firm has raised the Price Target to $ 5.50 from a previous price target of $4 .Lake Street Initiated RadiSys Corporation on Mar 21, 2016 to “Buy”, Price Target of the shares are set at $4.50.
RadiSys Corporation closed down -0.04 points or -0.90% at $4.42 with 1,00,621 shares getting traded on Monday. Post opening the session at $4.43, the shares hit an intraday low of $4.38 and an intraday high of $4.5 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Feb 26, 2016, Lawrence Lavier (VP & GM, Embedded Prod& HW Svc) purchased 5,000 shares at $2.64 per share price. According to the SEC, on Feb 26, 2016, Jonathan Wilson (CFO) purchased 5,500 shares at $2.60 per share price. On Nov 24, 2015, Niel Ransom (director) purchased 6,500 shares at $2.78 per share price, according to the Form-4 filing with the securities and exchange commission.
Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms real-time media processing engines and wireless access technologies enable service providers to maximize virtualize and monetize their networks. The Company’s products and services are organized into two operating segments: Software-Systems and Embedded Products and Hardware Services. The Company’s Software-Systems segment is comprised of three product families: FlowEngine MediaEngine and CellEngine. Also included in the Software-Systems segment is its Professional Service organization. The Company’s Embedded Products and Hardware Services segment comprises of the product-lines T-Series Advanced Telecommunications Computing Architecture (ATCA) Platforms Component Object Model (COM) Express and Rackmount Servers and Other Products.