DASAN Zhone Solutions (NASDAQ:DZSI) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday, Zacks.com reports. The brokerage currently has a $13.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s price target suggests a potential upside of 12.95% from the company’s current price.
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. “
A number of other research analysts have also issued reports on the company. B. Riley initiated coverage on DASAN Zhone Solutions in a report on Monday, May 20th. They set a “buy” rating and a $19.50 target price on the stock. ValuEngine lowered DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a report on Thursday.
Shares of NASDAQ DZSI traded down $0.20 during midday trading on Monday, reaching $11.51. 61,022 shares of the company traded hands, compared to its average volume of 57,788. DASAN Zhone Solutions has a 52 week low of $9.49 and a 52 week high of $15.59. The stock has a 50-day moving average price of $11.32 and a 200 day moving average price of $11.90. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.53. The company has a market cap of $173.54 million, a price-to-earnings ratio of 57.55 and a beta of 0.39.
DASAN Zhone Solutions (NASDAQ:DZSI) last released its earnings results on Tuesday, August 13th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.07 by $0.19. The firm had revenue of $83.66 million for 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%. As a group, analysts expect that DASAN Zhone Solutions will post 0.56 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its stake in DASAN Zhone Solutions by 771.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 1,713 shares in the last quarter. Centaurus Financial Inc. purchased a new position in DASAN Zhone Solutions in the 2nd quarter worth about $117,000. Charles Schwab Investment Management Inc. increased its stake in DASAN Zhone Solutions by 12.6% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,422 shares of the communications equipment provider’s stock worth $227,000 after purchasing an additional 1,952 shares in the last quarter. JPMorgan Chase & Co. increased its stake in DASAN Zhone Solutions by 1,238.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,313 shares of the communications equipment provider’s stock worth $249,000 after purchasing an additional 17,870 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake 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 purchasing an additional 3,320 shares in the last quarter. 19.28% of the stock is currently owned by hedge funds and other institutional investors.
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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