Algert Global buys $2,105,887 stake in RadiSys Corporation (RSYS)

RadiSys Corporation (RSYS) : Algert Global scooped up 78,880 additional shares in RadiSys Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 411,306 shares of RadiSys Corporation which is valued at $2,105,887.RadiSys Corporation makes up approximately 0.62% of Algert Global’s portfolio.

Other Hedge Funds, Including , Cutler Group Lp added RSYS to its portfolio by purchasing 5,400 company shares during the most recent quarter which is valued at $29,052.Simplex Trading boosted its stake in RSYS in the latest quarter, The investment management firm added 97 additional shares and now holds a total of 285 shares of RadiSys Corporation which is valued at $1,519.Bnp Paribas Arbitrage Sa boosted its stake in RSYS in the latest quarter, The investment management firm added 1,250 additional shares and now holds a total of 2,659 shares of RadiSys Corporation which is valued at $14,837.

RadiSys Corporation closed down -0.26 points or -4.83% at $5.12 with 1,08,534 shares getting traded on Tuesday. Post opening the session at $5.37, the shares hit an intraday low of $5.11 and an intraday high of $5.37 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, RadiSys Corporation reported $0.05 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.03. The company had revenue of $55.10 million for the quarter, 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.

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.

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