According to Zacks, “DASAN Zhone Solutions, Inc. provides broad-based network access solutions. The company provides solutions which consist of broadband access, ethernet switching, mobile backhaul, passive optical LAN and software defined networks. Its trademarks consist of DASAN Zhone Solutions and the DASAN Zhone Solutions logo. DASAN Zhone Solutions, Inc., formerly known as Zhone Technologies, Inc., is headquartered in Oakland, California. “
Several other research firms have also commented on DZSI. B. Riley reaffirmed a “buy” rating on shares of Goodrich Petroleum in a report on Monday, May 20th. ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st.
Shares of NASDAQ:DZSI traded down $0.02 during trading on Friday, hitting $12.48. 62,000 shares of the company traded hands, compared to its average volume of 48,674. The company has a market capitalization of $207.16 million, a PE ratio of 62.40 and a beta of 0.41. The stock has a fifty day simple moving average of $13.02. DASAN Zhone Solutions has a one year low of $9.10 and a one year high of $15.59. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.64.
DASAN Zhone Solutions (NASDAQ:DZSI) last posted its earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.25. The company had revenue of $74.09 million during the quarter, compared to analyst estimates of $73.00 million. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. Equities research analysts predict that DASAN Zhone Solutions will post 0.52 earnings per share for the current fiscal year.
In other DASAN Zhone Solutions news, CFO Mikhail Golomb acquired 10,256 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average cost of $9.75 per share, with a total value of $99,996.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 66.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP grew its holdings in DASAN Zhone Solutions by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock worth $1,438,000 after buying an additional 9,381 shares in the last quarter. Northern Trust Corp grew its holdings in DASAN Zhone Solutions by 1.5% in the 4th quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock worth $849,000 after buying an additional 876 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new position in DASAN Zhone Solutions in the 2nd quarter worth approximately $617,000. Geode Capital Management LLC grew its holdings in DASAN Zhone Solutions by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after buying an additional 2,744 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in DASAN Zhone Solutions by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after buying an additional 3,320 shares in the last quarter. 16.02% of the stock is owned by institutional investors and hedge funds.
DASAN Zhone Solutions Company Profile
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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