Notable Downgrades: Breitburn Energy Partners (BBEP), Calix Inc. (CALX), Ericsson (ERIC), RadiSys Corp. (RSYS)

Breitburn Energy Partners L.P. (BBEP) lost 87c to $8.03 in mid-day trading today. Approximately 3.48M shares have already changed hands, compared to the stock’s average daily volume of 3.99M shares. The name was downgraded to ‘Underperform’ from ‘Neutral’ at Credit Suisse.

On trading-measure, BBEP has a beta of 1.16 and a short float of 5.32%. In the past 52 weeks, shares of the oil and gas company have traded between a low of $4.55 and a high of $23.15 with its 50-day MA and 200-day MA located at $6.58 and $15.56 levels, respectively.

BBEP currently prints a one year loss of about 52% and a year-to-date return of around 28.80%.

Shares of Calix Inc. (CALX) are down $1.93 to $8.62 in mid-day trading today after analysts at UBS issued a downgrade on the name to ‘Neutral’ from ‘Buy’. The firm believes it is prudent to move to the sidelines. UBS sets the price target for CALX shares to $11. Calix was also downgraded to ‘Neutral’ from ‘Buy’ at Goldman (GS).

In the past 52 weeks, shares of the Petaluma, California-based company have traded between a low of $7.12 and a high of $11.60 with the 50-day MA and 200-day MA located at $9.88 and $9.79 levels, respectively. Additionally, shares of CALX trade at a P/E ratio of 0.96 and have a Relative Strength Index (RSI) and MACD indicator of 37.22 and +0.09, respectively.

CALX currently prints a one year return of about 34%, and a year-to-date return of around 5.30%.

Shares of Ericsson (ERIC) were downgraded to ‘Neutral’ rating from ‘Overweight’ at JPMorgan (JPM) on Wednesday, citing a lack of catalysts now that the Ericsson’s margin recovery is largely complete. ERIC shares are currently priced at 28.54x this year’s forecasted earnings, which makes them inexpensive compared to the industry’s -3.90x earnings multiple. Ticker has a forward P/E of 13.88 and t-12 price-to-sales ratio of 1.48. EPS for the same period is $0.43.

In the past 52 weeks, shares of the Stockholm, Sweden-based firm have traded between a low of $11.20 and a high of $13.61 and are now at $12.22. Shares are up 8.82% year-over-year and 4.05% year-to-date.

Analysts at Needham are out with a report this morning downgrading shares of RadiSys Corporation (RSYS) with an ‘Hold’ from ‘Buy’ rating after the company reported worst-than-expected 4Q earnings and rev  guidance of $160M-$180M fell well short of firm’s estimate.

In other RSYS news this morning, the co. disclosed that on January 28, 2015, its Board of Directors approved a reorganization of the company into two operating segments – ‘Software-Systems’ and ‘Embedded Products and Hardware Services’. RSYS said inside the newly named Software-Systems segment will be the following product lines: FlowEngine, MediaEngine (previously referred to as Media Resource Function or MRF) and CellEngine (previously referred to as Trillium) products and professional services. The revenue in these three product lines is expected to grow and the majority of the company’s future R&D investment will be targeted at this segment.

RSYS currently prints a one year loss of more than 12%, and a year-to-date return of around 7%.

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