Brokerages Expect DASAN Zhone Solutions Inc (DZSI) to Announce ($0.16) EPS

DASAN Zhone Solutions Inc (NASDAQ:DZSI) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Brokerages have set a 12 month consensus target price of $20.00 for the company and are forecasting that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also assigned DASAN Zhone Solutions an industry rank of 236 out of 256 based on the ratings given to related companies.

Several equities research analysts have recently commented on DZSI shares. Northland Securities restated a “buy” rating and set a $20.00 price objective on shares of DASAN Zhone Solutions in a report on Friday, March 1st. ValuEngine downgraded DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Saturday, March 9th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Financial Enhancement Group LLC bought a new stake in DASAN Zhone Solutions during the third quarter worth $42,000. O Shaughnessy Asset Management LLC bought a new stake in DASAN Zhone Solutions during the fourth quarter worth $85,000. JPMorgan Chase & Co. grew its holdings in DASAN Zhone Solutions by 369.6% during the third quarter. JPMorgan Chase & Co. now owns 7,269 shares of the communications equipment provider’s stock worth $103,000 after buying an additional 5,721 shares in the last quarter. Raymond James Trust N.A. grew its holdings in DASAN Zhone Solutions by 20.7% during the fourth quarter. Raymond James Trust N.A. now owns 20,005 shares of the communications equipment provider’s stock worth $278,000 after buying an additional 3,425 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in DASAN Zhone Solutions by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after buying an additional 3,320 shares in the last quarter. Hedge funds and other institutional investors own 16.22% of the company’s stock.

NASDAQ DZSI opened at $11.60 on Friday. The company has a market cap of $192.39 million, a PE ratio of 58.00 and a beta of 0.66. DASAN Zhone Solutions has a 52 week low of $9.10 and a 52 week high of $15.59. The company has a quick ratio of 1.44, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

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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