Shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.33.
A number of equities analysts have recently weighed in on the company. B. Riley restated a “buy” rating and issued a $10.50 target price on shares of DASAN Zhone Solutions in a research note on Wednesday, June 3rd. Zacks Investment Research downgraded DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research note on Friday, May 15th. Finally, Northland Securities started coverage on DASAN Zhone Solutions in a research note on Thursday, August 6th. They issued a “buy” rating and a $13.50 target price on the stock.
Large investors have recently bought and sold shares of the stock. Bank of America Corp DE raised its holdings in shares of DASAN Zhone Solutions by 92.9% in the 2nd quarter. Bank of America Corp DE now owns 6,594 shares of the communications equipment provider’s stock worth $58,000 after purchasing an additional 3,175 shares during the period. American International Group Inc. raised its holdings in shares of DASAN Zhone Solutions by 57.9% in the 2nd quarter. American International Group Inc. now owns 7,358 shares of the communications equipment provider’s stock worth $66,000 after purchasing an additional 2,699 shares during the period. Citigroup Inc. raised its holdings in shares of DASAN Zhone Solutions by 367.5% in the 1st quarter. Citigroup Inc. now owns 7,377 shares of the communications equipment provider’s stock worth $31,000 after purchasing an additional 5,799 shares during the period. UBS Group AG raised its holdings in DASAN Zhone Solutions by 21.6% during the 4th quarter. UBS Group AG now owns 11,121 shares of the communications equipment provider’s stock valued at $98,000 after acquiring an additional 1,978 shares during the period. Finally, Two Sigma Investments LP bought a new stake in DASAN Zhone Solutions during the 1st quarter valued at $82,000. 25.85% of the stock is currently owned by institutional investors.
DZSI stock traded up $0.07 during mid-day trading on Tuesday, reaching $10.98. 87,000 shares of the company traded hands, compared to its average volume of 61,408. DASAN Zhone Solutions has a fifty-two week low of $2.90 and a fifty-two week high of $11.79. The firm’s 50 day moving average price is $10.41 and its 200 day moving average price is $7.62. The stock has a market cap of $236.96 million, a price-to-earnings ratio of -10.07 and a beta of 1.34. The company has a quick ratio of 1.71, a current ratio of 2.22 and a debt-to-equity ratio of 0.46.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its earnings results on Wednesday, August 5th. The communications equipment provider reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.21. DASAN Zhone Solutions had a negative return on equity of 6.68% and a negative net margin of 8.67%. The firm had revenue of $70.53 million for the quarter, compared to the consensus estimate of $63.13 million. On average, analysts anticipate that DASAN Zhone Solutions will post -0.1 EPS for the current fiscal year.
About DASAN Zhone Solutions
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.
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