DASAN Zhone Solutions, Inc. (DZSI) Cut to Hold at Zacks Investment Research
DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note 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. “
Separately, ValuEngine raised DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
Shares of DASAN Zhone Solutions (NASDAQ DZSI) traded down 3.98% during mid-day trading on Tuesday, reaching $6.75. The company’s stock had a trading volume of 11,822 shares. The firm’s market capitalization is $110.60 million. DASAN Zhone Solutions has a 1-year low of $0.85 and a 1-year high of $7.60. The company’s 50-day moving average is $6.65 and its 200 day moving average is $6.35.
DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.02. DASAN Zhone Solutions had a negative return on equity of 20.44% and a negative net margin of 7.22%. The company had revenue of $60.11 million during the quarter, compared to analysts’ expectations of $54.07 million. On average, analysts expect that DASAN Zhone Solutions will post ($0.05) earnings per share 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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