DASAN Zhone Solutions, Inc. (DZSI) Cut to “Hold” at Zacks Investment Research
Zacks Investment Research lowered shares of DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) from a buy rating to a hold rating in a report published on Thursday.
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 report on Friday, September 1st.
Shares of DASAN Zhone Solutions (NASDAQ DZSI) opened at 6.526 on Thursday. The stock’s 50 day moving average price is $6.90 and its 200-day moving average price is $6.02. The firm’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.
DASAN Zhone Solutions (NASDAQ:DZSI) last announced its earnings results on Wednesday, August 9th. The communications equipment provider reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.02. DASAN Zhone Solutions had a negative net margin of 7.22% and a negative return on equity of 19.03%. The business had revenue of $60.11 million during the quarter, compared to analysts’ expectations of $54.07 million. Equities research analysts anticipate that DASAN Zhone Solutions will post ($0.05) EPS for the current fiscal year.
DASAN Zhone Solutions Company Profile
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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