Wall Street analysts expect that DASAN Zhone Solutions Inc (NASDAQ:DZSI) will report sales of $70.98 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for DASAN Zhone Solutions’ earnings. The highest sales estimate is $71.00 million and the lowest is $70.95 million. DASAN Zhone Solutions posted sales of $71.91 million during the same quarter last year, which would indicate a negative year over year growth rate of 1.3%. The company is scheduled to announce its next earnings results on Tuesday, November 12th.
According to Zacks, analysts expect that DASAN Zhone Solutions will report full year sales of $307.05 million for the current year, with estimates ranging from $303.80 million to $310.29 million. For the next year, analysts forecast that the firm will post sales of $339.17 million, with estimates ranging from $325.00 million to $353.33 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow DASAN Zhone Solutions.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings data on Tuesday, August 13th. The communications equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.07 by $0.19. The business had revenue of $83.66 million during the quarter, compared to analyst estimates of $84.41 million. DASAN Zhone Solutions had a return on equity of 8.37% and a net margin of 0.43%.
DZSI has been the subject of several recent research reports. Zacks Investment Research lowered DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research report on Tuesday, October 15th. Craig Hallum set a $16.00 price objective on DASAN Zhone Solutions and gave the company a “buy” rating in a research report on Tuesday, October 8th. Northland Securities reissued an “outperform” rating and set a $15.50 price objective (down previously from $20.00) on shares of DASAN Zhone Solutions in a research report on Tuesday, October 8th. Finally, ValuEngine raised DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. DASAN Zhone Solutions has an average rating of “Buy” and a consensus target price of $16.00.
Several large investors have recently modified their holdings of the company. Tower Research Capital LLC TRC increased its holdings in shares of DASAN Zhone Solutions by 240.8% during the third quarter. Tower Research Capital LLC TRC now owns 6,594 shares of the communications equipment provider’s stock valued at $60,000 after acquiring an additional 4,659 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of DASAN Zhone Solutions during the third quarter valued at $27,000. Sepio Capital LLC bought a new position in shares of DASAN Zhone Solutions during the third quarter valued at $94,000. Polar Asset Management Partners Inc. bought a new position in shares of DASAN Zhone Solutions during the second quarter valued at $5,846,000. Finally, White Pine Capital LLC bought a new position in shares of DASAN Zhone Solutions during the second quarter valued at $911,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.
Shares of DASAN Zhone Solutions stock opened at $8.30 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.97 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $164.67 million, a P/E ratio of 41.50 and a beta of 0.24. The business has a fifty day simple moving average of $8.10 and a two-hundred day simple moving average of $10.79. DASAN Zhone Solutions has a 12 month low of $6.59 and a 12 month high of $15.40.
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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