Zacks Investment Research Upgrades Zhone Technologies Inc. (DZSI) to “Buy”
Zhone Technologies Inc. (NASDAQ:DZSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $1.00 target price on the 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. “
Zhone Technologies (NASDAQ:DZSI) opened at 1.00 on Monday. The company’s market cap is $353.68 million. The stock has a 50 day moving average price of $1.06 and a 200-day moving average price of $1.13. Zhone Technologies has a 12-month low of $0.86 and a 12-month high of $2.00.
About Zhone Technologies
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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