Needham & Company Maintains a 'Buy' on RadiSys (RSYS); Solid 1Q; But Major Acquisition and Planned CEO Change Are the Big News
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Price: $1.72 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Needham & Company maintains a 'Buy' on RadiSys (NASDAQ: RSYS), PT $9.50.
Needham analyst says, "Radisys’ planned acquisition of Continuous Computing seems to have a solid strategic fit while also accelerating the company’s growth rate and offering potential for substantial synergies. Although the price paid relative to RSYS’s depressed valuation might appear steep, we think its growth profile and potential for synergies likely justify the price. For now we maintain our $9.50 PT, (11x our 2012 NG EPS plus $3.40/sh of net cash), but see opportunity to increase this post deal closure and more clarity on synergies."
For more ratings news on RadiSys click here and for the rating history of RadiSys click here.
Shares of RadiSys closed at $8.70 yesterday.
Needham analyst says, "Radisys’ planned acquisition of Continuous Computing seems to have a solid strategic fit while also accelerating the company’s growth rate and offering potential for substantial synergies. Although the price paid relative to RSYS’s depressed valuation might appear steep, we think its growth profile and potential for synergies likely justify the price. For now we maintain our $9.50 PT, (11x our 2012 NG EPS plus $3.40/sh of net cash), but see opportunity to increase this post deal closure and more clarity on synergies."
For more ratings news on RadiSys click here and for the rating history of RadiSys click here.
Shares of RadiSys closed at $8.70 yesterday.
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