RadiSys Corporation (RSYS) Maintains Hold Rating

Analyst Edward Jackson at Cantor Fitzgerald has maintained a Hold rating for RadiSys Corporation (NASDAQ: RSYS).

RadiSys reported stronger-than-expected results for the fourth quarter. The company reported revenue of $78.1 million for the quarter. Cantor Fitzgerald had forecast revenue of $74.6 million.

The company has reported total cash of $155 million, up from $147 million at the end of the third quarter. However, the company has issued first quarter guidance below expectations.

Cantor Fitzgerald has lowered revenue estimate from $296.4 million to $280.1 million for FY10. The EPS estimate has been lowered from $0.51 to $0.51. Cantor Fitzgerald has a 12-month price target of $9 for RadiSys Corporation.