DASAN Zhone Solutions Inc (NASDAQ:DZSI) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokerages have set a 12 month consensus price target of $19.75 for the company and are forecasting that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 243 out of 256 based on the ratings given to related companies.
Several analysts have recently issued reports on DZSI shares. Northland Securities reiterated a “buy” rating and issued a $20.00 price objective on shares of DASAN Zhone Solutions in a research note on Friday, March 1st. ValuEngine upgraded DASAN Zhone Solutions from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Finally, B. Riley started coverage on DASAN Zhone Solutions in a research note on Monday, May 20th. They issued a “buy” rating and a $19.50 price objective on the stock.
Shares of NASDAQ DZSI traded down $0.13 during mid-day trading on Friday, hitting $12.97. The company had a trading volume of 22,120 shares, compared to its average volume of 104,001. The stock has a market cap of $215.43 million, a P/E ratio of 64.85 and a beta of 0.45. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. DASAN Zhone Solutions has a 1-year low of $9.10 and a 1-year high of $15.59.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.25. The business had revenue of $74.09 million for the quarter, compared to analysts’ expectations of $73.00 million. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. On average, equities analysts forecast that DASAN Zhone Solutions will post 0.52 EPS for the current fiscal year.
In related news, CFO Mikhail Golomb acquired 10,256 shares of DASAN Zhone Solutions stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $9.75 per share, for a total transaction of $99,996.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 66.10% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC purchased a new position in DASAN Zhone Solutions in the fourth quarter valued at $85,000. Charles Schwab Investment Management Inc. increased its holdings in DASAN Zhone Solutions by 40.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 15,470 shares of the communications equipment provider’s stock valued at $166,000 after buying an additional 4,470 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in DASAN Zhone Solutions by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after buying an additional 3,320 shares during the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in DASAN Zhone Solutions in the first quarter valued at $240,000. Finally, Geode Capital Management LLC increased its holdings in DASAN Zhone Solutions by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after buying an additional 2,744 shares during the last quarter. Institutional investors and hedge funds own 16.02% of the company’s stock.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc provides network access solutions and communications platforms for service provider and enterprise networks worldwide. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.
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