Zacks Investment Research upgraded shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, Zacks.com reports. They currently have $14.00 target price on the communications equipment provider’s stock.
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 also recently commented on the company. ValuEngine downgraded Zosano Pharma from a buy rating to a hold rating in a research note on Wednesday, May 1st. B. Riley restated a buy rating on shares of Goodrich Petroleum in a research note on Monday, May 20th.
Shares of NASDAQ DZSI opened at $12.48 on Wednesday. The company has a 50-day moving average price of $13.02. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.64. DASAN Zhone Solutions has a one year low of $9.10 and a one year high of $15.59. The stock has a market capitalization of $207.26 million, a P/E ratio of 52.00 and a beta of 0.41.
DASAN Zhone Solutions (NASDAQ:DZSI) last issued its earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. The firm had revenue of $74.09 million for the quarter, compared to the consensus estimate of $73.00 million. On average, equities research analysts forecast that DASAN Zhone Solutions will post 0.47 EPS for the current fiscal year.
In other news, CFO Mikhail Golomb bought 10,256 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $9.75 per share, for a total transaction of $99,996.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 66.10% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Mesirow Financial Investment Management Inc. bought a new stake in shares of DASAN Zhone Solutions during the 2nd quarter worth about $617,000. Dimensional Fund Advisors LP boosted its stake in shares of DASAN Zhone Solutions by 10.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock worth $1,438,000 after acquiring an additional 9,381 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of DASAN Zhone Solutions by 17.4% during 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 acquiring an additional 3,320 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of DASAN Zhone Solutions by 6.3% during the 4th quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock worth $647,000 after acquiring an additional 2,744 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of DASAN Zhone Solutions by 1.5% during the 4th quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock worth $849,000 after acquiring an additional 876 shares in the last quarter. Hedge funds and other institutional investors own 16.02% of the company’s stock.
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.
Further Reading: Why investors pay attention to retained earnings
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for DASAN Zhone Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DASAN Zhone Solutions and related companies with MarketBeat.com's FREE daily email newsletter.