DASAN Zhone Solutions Inc (DZSI) Given Average Rating of “Strong Buy” by Analysts

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

Brokerages have set a 1-year consensus target price of $20.00 for the company and are anticipating that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given DASAN Zhone Solutions an industry rank of 238 out of 255 based on the ratings given to its competitors.

A number of research analysts recently commented on the company. ValuEngine lowered DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Northland Securities restated a “buy” rating and issued a $20.00 target price on shares of DASAN Zhone Solutions in a research note on Friday, March 1st.

A number of institutional investors have recently added to or reduced their stakes in DZSI. Vanguard Group Inc raised its stake in DASAN Zhone Solutions by 24.5% during the third quarter. Vanguard Group Inc now owns 180,856 shares of the communications equipment provider’s stock worth $2,566,000 after acquiring an additional 35,612 shares in the last quarter. Vanguard Group Inc. raised its stake in DASAN Zhone Solutions by 24.5% during the third quarter. Vanguard Group Inc. now owns 180,856 shares of the communications equipment provider’s stock worth $2,566,000 after acquiring an additional 35,612 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in DASAN Zhone Solutions by 22.9% during the third quarter. Dimensional Fund Advisors LP now owns 93,961 shares of the communications equipment provider’s stock worth $1,333,000 after acquiring an additional 17,490 shares in the last quarter. Renaissance Technologies LLC raised its stake in DASAN Zhone Solutions by 9.4% during the third quarter. Renaissance Technologies LLC now owns 158,197 shares of the communications equipment provider’s stock worth $2,245,000 after acquiring an additional 13,600 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC acquired a new position in DASAN Zhone Solutions during the fourth quarter worth $85,000. Hedge funds and other institutional investors own 16.22% of the company’s stock.

Shares of NASDAQ DZSI opened at $11.46 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.44. The firm has a market capitalization of $190.28 million, a P/E ratio of 57.30 and a beta of 0.65. DASAN Zhone Solutions has a one year low of $9.10 and a one year high of $15.59.

DASAN Zhone Solutions Company Profile

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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