Cantor Fitzgerald Downgrades RadiSys (RSYS) to Hold
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Cantor Fitzgerald downgrades RadiSys (Nasdaq: RSYS) from Buy to Hold and lowers its price target from $16 to $12.
The firm said its downgrade is due to RadiSys' disappointing earnings announcement yesterday. Cantor also lowered its FY08 EPS estimate from $0.47 to $0.32 and its FY08 EPS estimate from $0.66 to $0.45. The Street estimates are currently $0.53 and $0.91, respectively.
RadiSys Corporation engages in the development, production, and marketing of computer system products for embedded computer applications in the manufacturing automation, medical, transportation, telecommunications, and test equipment marketplaces in the United States.
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