Radient Systems (NASDAQ:RADS) Numerous Catalysts Driving Company

Radient Systems (NASDAQ:RADS) should grow at a rate somewhere in the mid-teens over the next 3-5 years, according to Wedbush, citing several significant catalysts.

Wedbush says, "We believe Radiant will generate mid teen revenue growth for the next 3-5 years as acceleration in restaurant chain activity and recurring service penetration has been joined by expanded international opportunities and a pick up of activity in the channel business.

"Raising 2011 revenue growth estimate to 15% and introducing 2012 estimate of $1.21. We do recognize that the -$0.20 headwind to 2011 earnings from the secondary and a higher tax rate may lead to guidance below our $1.00 estimate, but believe Radiant will perform to our expectations. We believe the next catalysts will come from Micros’ (Nasdaq:MCRS) testimony on the strength of SMB, a strong Q4 and the March analyst day."

Wedbush added Radient Systems (RADS) to their "Best Ideas List." They closed Friday at $18.13, gaining $0.41, or 2.31 percent.

Wedbush maintains an "Outperform" rating on Radient System. They boosted their price target on them from $24 to $26.