Needham & Company Downgrades RadiSys (RSYS) to Hold; Slashes Forward Estimates
Tweet
Share
E-mailGet Alerts RSYS Hot Sheet
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
Join SI Premium – FREE
Needham & Company downgraded RadiSys (NASDAQ: RSYS) from Buy to Hold.
Richard Valera, said, "While we had been optimistic about the potential of the “new” Radisys post it acquisition of Continuous Computing based on the growth prospects of its higher margin ATCA, software (i.e., Trillium) and media server businesses, it appears the company has fallen victim to the telecom cap-ex slowdown/pause that appears to be affecting many telecom equipment companies. Given the RSYS’ sharply lowered outlook and limited visibility to a meaningful rebound, we are moving to the sidelines and lowering our rating to Hold. We would look to become more positive on the shares with evidence of a sustained rebound in demand."
FY12 EPS estimate cut from $0.73 to $0.34 and FY13 from $0.93 to $0.53.
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 $5.26 yesterday.
Richard Valera, said, "While we had been optimistic about the potential of the “new” Radisys post it acquisition of Continuous Computing based on the growth prospects of its higher margin ATCA, software (i.e., Trillium) and media server businesses, it appears the company has fallen victim to the telecom cap-ex slowdown/pause that appears to be affecting many telecom equipment companies. Given the RSYS’ sharply lowered outlook and limited visibility to a meaningful rebound, we are moving to the sidelines and lowering our rating to Hold. We would look to become more positive on the shares with evidence of a sustained rebound in demand."
FY12 EPS estimate cut from $0.73 to $0.34 and FY13 from $0.93 to $0.53.
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 $5.26 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jefferies Downgrades BSE Limited (BSE:IN) to Underperform
- Citi Upgrades Central Retail Corp PCL (CRC:TB) to Buy
- JPMorgan Downgrades PLDT Inc. (TEL:PM) (PHI) to Neutral
Create E-mail Alert Related Categories
Analyst EPS Change, Analyst EPS View, DowngradesRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
