DASAN Zhone Solutions, Inc. (DZSI) Upgraded by Zacks Investment Research to Buy
DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The brokerage presently has a $7.00 target price on the communications equipment provider’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 7.26% 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. “
Separately, ValuEngine raised shares of DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.
DASAN Zhone Solutions (NASDAQ:DZSI) traded up 2.913% during trading on Friday, reaching $6.526. The company’s stock had a trading volume of 16,959 shares. The stock’s market capitalization is $106.89 million. DASAN Zhone Solutions has a 52 week low of $4.25 and a 52 week high of $10.00. The firm has a 50 day moving average of $6.90 and a 200 day moving average of $6.02.
DASAN Zhone Solutions (NASDAQ:DZSI) last issued its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. The company had revenue of $60.11 million during the quarter, compared to analyst estimates of $54.07 million. DASAN Zhone Solutions had a negative net margin of 7.22% and a negative return on equity of 19.03%. Analysts expect that DASAN Zhone Solutions will post ($0.05) EPS for the current year.
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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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