Radisys Corp (RSYS) Misses Q1 EPS by 2c

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RadiSys (RSYS) PT, Estimates Trimmed at Needham & Company; 2nd-Half Ramps Appears Intact

May 2, 2014 8:36 AM EDT

Needham & Company analyst Richard Valera cut estimates and his price target on RadiSys (NASDAQ: RSYS) to $5.00 (from $6.00) but maintained a Buy rating following mixed Q1 results although a 2nd-half ramp appears intact.

Valera commented, "While we find the incremental weakening of RSYS' audio... More