Zacks: Brokerages Set $19.75 Price Target for DASAN Zhone Solutions Inc (NASDAQ:DZSI)

DASAN Zhone Solutions Inc (NASDAQ:DZSI) has received an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price target of $19.75 for the company and are anticipating that the company will post $0.15 earnings per share for the current quarter, according to Zacks. Zacks has also assigned DASAN Zhone Solutions an industry rank of 42 out of 256 based on the ratings given to related companies.

Several equities analysts have issued reports on the stock. ValuEngine lowered shares of DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. B. Riley assumed coverage on shares of DASAN Zhone Solutions in a report on Monday, May 20th. They issued a “buy” rating and a $19.50 price target on the stock. Finally, Zacks Investment Research raised shares of DASAN Zhone Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 price target on the stock in a report on Monday.



NASDAQ:DZSI traded down $0.28 during trading hours on Thursday, reaching $11.23. The company’s stock had a trading volume of 171 shares, compared to its average volume of 105,219. The company has a market capitalization of $242.78 million, a P/E ratio of 56.75 and a beta of 0.39. DASAN Zhone Solutions has a 12 month low of $9.49 and a 12 month high of $15.59. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.97 and a current ratio of 2.44. The stock has a 50 day moving average price of $11.32 and a two-hundred day moving average price of $11.90.

DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings results on Tuesday, August 13th. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.19. DASAN Zhone Solutions had a net margin of 0.43% and a return on equity of 8.37%. The business had revenue of $83.66 million for the quarter, compared to analyst estimates of $84.41 million. As a group, analysts predict that DASAN Zhone Solutions will post 0.56 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in DZSI. Northern Trust Corp raised its position 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 purchasing an additional 876 shares during the last quarter. BlackRock Inc. lifted its holdings in DASAN Zhone Solutions by 0.3% during the 2nd quarter. BlackRock Inc. now owns 445,287 shares of the communications equipment provider’s stock worth $5,785,000 after buying an additional 1,518 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in DASAN Zhone Solutions by 771.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock worth $25,000 after buying an additional 1,713 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in DASAN Zhone Solutions by 12.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,422 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 1,952 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in 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 buying an additional 2,744 shares in the last quarter. 19.28% of the stock is currently owned by hedge funds and other institutional investors.

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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