Needham & Company Maintains a 'Buy' on RadiSys (RSYS); Solid Q1, But Trimming 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 of $10.00.
Analyst, Richard Valera, said, "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’s growth profile and margins. We believe the company’s exposure to LTE deployments (both small-cell and macro-cell) through its high-margin Trillium and media server businesses, as well as its ATCA business, should afford it solid growth opportunities in 2H12 and beyond. While our estimates remain below guidance to allow for the risks inherent in the sharp 2H12 ramp, we think execution to our numbers should be more than sufficient to drive the shares from current levels given the modest current valuation."
"We trim our 2012 and 2013 top line slightly in light of NSN weakness, but keep EPS largely unchanged on better expenses. For 2012, our estimates go to $335MM/$0.73 from $342MM/$0.71. 2013 estimates go to $362MM/$0.93 from $368MM and $0.93 NG EPS."
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 $6.69 yesterday.
Analyst, Richard Valera, said, "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’s growth profile and margins. We believe the company’s exposure to LTE deployments (both small-cell and macro-cell) through its high-margin Trillium and media server businesses, as well as its ATCA business, should afford it solid growth opportunities in 2H12 and beyond. While our estimates remain below guidance to allow for the risks inherent in the sharp 2H12 ramp, we think execution to our numbers should be more than sufficient to drive the shares from current levels given the modest current valuation."
"We trim our 2012 and 2013 top line slightly in light of NSN weakness, but keep EPS largely unchanged on better expenses. For 2012, our estimates go to $335MM/$0.73 from $342MM/$0.71. 2013 estimates go to $362MM/$0.93 from $368MM and $0.93 NG EPS."
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 $6.69 yesterday.
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