Zacks Investment Research upgraded shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a hold rating to a buy rating in a report published on Wednesday, Zacks.com reports. The firm currently has $14.00 price target on the communications equipment provider’s stock.
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 equities analysts have also recently weighed in on the company. ValuEngine cut Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. B. Riley reissued a buy rating on shares of Goodrich Petroleum in a research report on Monday, May 20th.
DZSI opened at $12.48 on Wednesday. The company has a market cap of $207.26 million, a P/E ratio of 52.00 and a beta of 0.41. The business’s 50-day moving average is $13.02. DASAN Zhone Solutions has a 52-week low of $9.10 and a 52-week high of $15.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.99.
DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings data on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.25. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. The business had revenue of $74.09 million during the quarter, compared to analysts’ expectations of $73.00 million. On average, research analysts predict that DASAN Zhone Solutions will post 0.47 EPS for the current year.
In other DASAN Zhone Solutions news, CFO Mikhail Golomb acquired 10,256 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $9.75 per share, with a total value of $99,996.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 66.10% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp raised its stake in shares of 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. Northern Trust Corp raised its stake in shares of 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. Dimensional Fund Advisors LP raised its stake in shares of 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. Geode Capital Management LLC raised its stake in shares of 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, Mesirow Financial Investment Management Inc. bought a new stake in shares of DASAN Zhone Solutions in the 2nd quarter worth $617,000. 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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