Zacks Investment Research Downgrades DASAN Zhone Solutions, Inc. (DZSI) to Hold
DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday.
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. “
Separately, ValuEngine upgraded DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.
Shares of DASAN Zhone Solutions (DZSI) traded down 2.4415% during midday trading on Thursday, reaching $6.3413. The company’s stock had a trading volume of 9,424 shares. The company’s 50-day moving average price is $6.91 and its 200 day moving average price is $6.02. DASAN Zhone Solutions has a 1-year low of $4.25 and a 1-year high of $10.00. The firm’s market capitalization is $103.86 million.
DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings data on Wednesday, August 9th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.07) by $0.02. DASAN Zhone Solutions had a negative return on equity of 19.03% and a negative net margin of 7.22%. The business had revenue of $60.11 million during the quarter, compared to analyst estimates of $54.07 million. On average, equities research analysts forecast that DASAN Zhone Solutions will post ($0.05) earnings per share for the current year.
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.
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