Needham & Company Maintains a 'Buy' on RadiSys (RSYS); Surprisingly Solid 4Q11 Results and Outlook
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Price: $1.72 --0%
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
2 Buy, 3 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Needham & Company maintains a 'Buy' on RadiSys (NASDAQ: RSYS) price target raised $1 to $10.
Needham analyst says, "We remain optimistic regarding the long-term growth and earnings prospects of Radisys with its recently closed acquisition of Continuous Computing, which should serve to improve the company’ growth profile and margins. We are also encouraged by the company’s strong recent design win momentum and reiteration of 2012 guidance in the face of a challenging wireless cap-ex landscape. While our estimates remain below guidance to allow for the risks inherent in the sharp 2H12 ramp in a choppy spending environment, we think execution to our numbers should be more than sufficient to drive the shares from current levels given the modest current valuation."
For an analyst ratings summary and ratings history on RadiSys click here. For more ratings news on RadiSys click here.
Shares of RadiSys closed at $6.03 yesterday.
Needham analyst says, "We remain optimistic regarding the long-term growth and earnings prospects of Radisys with its recently closed acquisition of Continuous Computing, which should serve to improve the company’ growth profile and margins. We are also encouraged by the company’s strong recent design win momentum and reiteration of 2012 guidance in the face of a challenging wireless cap-ex landscape. While our estimates remain below guidance to allow for the risks inherent in the sharp 2H12 ramp in a choppy spending environment, we think execution to our numbers should be more than sufficient to drive the shares from current levels given the modest current valuation."
For an analyst ratings summary and ratings history on RadiSys click here. For more ratings news on RadiSys click here.
Shares of RadiSys closed at $6.03 yesterday.
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