Radisys Reports Second Quarter 2016 Results
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Needham & Company Raises Price Target on Radisys Corp (RSYS) as Embedded Products Drives Revenue Beat
July 27, 2016 7:13 AM EDTNeedham & Company reiterated a Buy rating on Radisys Corp (NASDAQ: RSYS), and raised the price target to $6.00 (from $5.50), following the company's 2Q earnings report. RSYS reported revenue of $61.3MM, ahead of $60.4MM estimates, driven by Embedded Products. NG EPS of $0.10 also exceeded estimates of $0.07.... More
Radisys Corp (RSYS) Tops Q2 EPS by 4c; Mixed Q3 Outlook
July 26, 2016 4:10 PM EDTRadisys Corp (NASDAQ: RSYS) reported Q2 EPS of $0.10, $0.04 better than the analyst estimate of $0.06. Revenue for the quarter came in at $61.3 million versus the consensus estimate of $59.72 million.
Strength in both our Software-Systems and Embedded Products segments resulted in second quarter earnings that exceeded guidance, said Brian Bronson, Radisys President and Chief Executive Officer. Revenue from our DCEngine and FlowEngine product lines each... More
