RadiSys Corporation(NASDAQ:RSYS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $61.29M. Analysts estimated a revenue of $59.72M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.06.
In a different note, On Jun 17, 2016, Jefferies said it Maintains its rating on RadiSys Corporation. In the research note, the firm Raises the price-target to $6.00 per share. The shares have been rated ‘Buy’ by the firm.
RadiSys Corporation (RSYS) made into the market gainers list on Fridays trading session with the shares advancing 0.84% or 0.04 points. Due to strong positive momentum, the stock ended at $4.82, which is also near the day’s high of $4.9. The stock began the session at $4.78 and the volume stood at 3,60,497 shares. The 52-week high of the shares is $5.44 and the 52 week low is $2.25. The company has a current market capitalization of $179 M and it has 3,70,77,130 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 5, 2016, C Scott Gibson (director) sold 18,000 shares at $4.96 per share price.Also, On Feb 26, 2016, Lawrence Lavier (VP & GM, Embedded Prod& HW Svc) purchased 5,000 shares at $2.64 per share price.On Feb 26, 2016, Jonathan Wilson (CFO) purchased 5,500 shares at $2.60 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.