DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) Rating Lowered to Hold at Zacks Investment Research
DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday.
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. “
Shares of DASAN Zhone Solutions (DZSI) traded down 3.47% during mid-day trading on Tuesday, hitting $6.67. 13,345 shares of the company were exchanged. The company’s market capitalization is $109.24 million. The company has a 50 day moving average of $5.97 and a 200 day moving average of $4.04. DASAN Zhone Solutions has a 52 week low of $4.25 and a 52 week high of $10.00.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings results on Tuesday, May 16th. The communications equipment provider reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. The firm had revenue of $53.07 million during the quarter, compared to analyst estimates of $50.08 million. DASAN Zhone Solutions had a negative net margin of 9.30% and a negative return on equity of 26.94%. Equities analysts anticipate that DASAN Zhone Solutions will post ($0.13) earnings per share for the current year.
WARNING: “DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) Rating Lowered to Hold at Zacks Investment Research” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/18/dasan-zhone-solutions-inc-nasdaqdzsi-rating-lowered-to-hold-at-zacks-investment-research.html.
About DASAN Zhone Solutions
DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DASAN Zhone Solutions Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DASAN Zhone Solutions Inc. and related companies with MarketBeat.com's FREE daily email newsletter.