B. Riley Research Analysts Lower Earnings Estimates for DASAN Zhone Solutions Inc (NASDAQ:DZSI)

DASAN Zhone Solutions Inc (NASDAQ:DZSI) – Research analysts at B. Riley decreased their FY2019 EPS estimates for shares of DASAN Zhone Solutions in a research note issued on Wednesday, November 13th. B. Riley analyst D. Kang now expects that the communications equipment provider will post earnings per share of $0.23 for the year, down from their previous forecast of $0.26. B. Riley also issued estimates for DASAN Zhone Solutions’ Q2 2020 earnings at $0.14 EPS and Q3 2020 earnings at $0.21 EPS.

Several other analysts also recently weighed in on DZSI. Northland Securities reiterated a “buy” rating and issued a $15.50 price objective on shares of DASAN Zhone Solutions in a research report on Wednesday, November 13th. ValuEngine raised DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Craig Hallum set a $16.00 target price on DASAN Zhone Solutions and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Zacks Investment Research cut DASAN Zhone Solutions from a “hold” rating to a “strong sell” rating in a research note on Wednesday, November 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. DASAN Zhone Solutions currently has an average rating of “Hold” and a consensus price target of $16.00.

Shares of DZSI stock opened at $7.70 on Monday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.97 and a current ratio of 2.20. DASAN Zhone Solutions has a fifty-two week low of $6.59 and a fifty-two week high of $15.40. The stock has a 50 day moving average price of $7.96 and a two-hundred day moving average price of $10.74. The company has a market capitalization of $160.63 million, a P/E ratio of 38.50 and a beta of 0.24.

DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings data on Tuesday, November 12th. The communications equipment provider reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.04). DASAN Zhone Solutions had a negative net margin of 1.49% and a positive return on equity of 4.36%. The company had revenue of $71.52 million during the quarter, compared to the consensus estimate of $70.98 million.

Several institutional investors and hedge funds have recently bought and sold shares of DZSI. Mesirow Financial Investment Management Inc. purchased a new position in shares of DASAN Zhone Solutions during the second quarter valued at approximately $617,000. JPMorgan Chase & Co. increased its stake in shares of DASAN Zhone Solutions by 1,238.4% during 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 during the period. Charles Schwab Investment Management Inc. increased its stake in shares of DASAN Zhone Solutions by 12.6% during 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 during the period. Bank of New York Mellon Corp increased its stake in shares of DASAN Zhone Solutions by 36.0% during 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 during the period. Finally, Renaissance Technologies LLC increased its stake in shares of DASAN Zhone Solutions by 11.3% during the second quarter. Renaissance Technologies LLC now owns 139,697 shares of the communications equipment provider’s stock valued at $1,815,000 after buying an additional 14,200 shares during the period. 23.20% 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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Earnings History and Estimates for DASAN Zhone Solutions (NASDAQ:DZSI)

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