DASAN Zhone Solutions Inc (NASDAQ:DZSI) Receives Average Recommendation of “Strong Buy” from Brokerages

DASAN Zhone Solutions Inc (NASDAQ:DZSI) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective 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 given DASAN Zhone Solutions an industry rank of 67 out of 256 based on the ratings given to its competitors.

Several equities research analysts recently commented on the company. ValuEngine cut DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a report on Thursday, August 15th. Zacks Investment Research raised DASAN Zhone Solutions from a “hold” rating to a “strong-buy” rating and set a $13.00 target price on the stock in a report on Monday, August 19th.



Shares of NASDAQ DZSI traded down $0.17 during midday trading on Friday, hitting $10.17. 150,410 shares of the company’s stock were exchanged, compared to its average volume of 77,141. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.97. The stock’s 50 day moving average price is $10.71 and its 200-day moving average price is $11.45. The firm has a market cap of $221.13 million, a P/E ratio of 50.85 and a beta of 0.33. DASAN Zhone Solutions has a twelve month low of $9.49 and a twelve month high of $15.59.

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

Large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in DASAN Zhone Solutions by 771.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock worth $25,000 after purchasing an additional 1,713 shares in the last quarter. Centaurus Financial Inc. bought a new stake in DASAN Zhone Solutions during the second quarter worth approximately $117,000. Charles Schwab Investment Management Inc. increased its holdings in shares of DASAN Zhone Solutions by 12.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 17,422 shares of the communications equipment provider’s stock valued at $227,000 after buying an additional 1,952 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of DASAN Zhone Solutions by 1,238.4% in the second quarter. JPMorgan Chase & Co. now owns 19,313 shares of the communications equipment provider’s stock valued at $249,000 after buying an additional 17,870 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of DASAN Zhone Solutions by 36.0% in the second quarter. Bank of New York Mellon Corp now owns 30,172 shares of the communications equipment provider’s stock valued at $392,000 after buying an additional 7,980 shares in the last quarter. 23.14% 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.

Further Reading: Limitations of the P/E Growth ratio

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