DASAN Zhone Solutions (NASDAQ:DZSI) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research cut shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a buy rating to a hold rating in a report released on Friday, Zacks.com reports.

According to Zacks, “DASAN Zhone Solutions, Inc. provides broad-based network access solutions. The company provides solutions which consist of broadband access, ethernet switching, mobile backhaul, passive optical LAN and software defined networks. Its trademarks consist of DASAN Zhone Solutions and the DASAN Zhone Solutions logo. DASAN Zhone Solutions, Inc., formerly known as Zhone Technologies, Inc., is headquartered in Oakland, California. “

Other research analysts also recently issued reports about the stock. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. B. Riley restated a buy rating on shares of Goodrich Petroleum in a research report on Monday, May 20th.

NASDAQ:DZSI opened at $12.40 on Friday. DASAN Zhone Solutions has a 1 year low of $9.10 and a 1 year high of $15.59. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $207.26 million, a PE ratio of 62.00 and a beta of 0.41. The firm has a 50-day simple moving average of $12.99.

DASAN Zhone Solutions (NASDAQ:DZSI) last posted its earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.25. The firm had revenue of $74.09 million during the quarter, compared to analysts’ expectations of $73.00 million. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. As a group, equities analysts expect that DASAN Zhone Solutions will post 0.47 earnings per share for the current year.

In related news, CFO Mikhail Golomb purchased 10,256 shares of DASAN Zhone Solutions stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $9.75 per share, for a total transaction of $99,996.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 66.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in DZSI. Bank of New York Mellon Corp increased its holdings in DASAN Zhone Solutions by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after acquiring an additional 3,320 shares during the last quarter. Mesirow Financial Investment Management Inc. purchased a new position in shares of DASAN Zhone Solutions in the 2nd quarter worth $617,000. Geode Capital Management LLC grew its stake in shares of DASAN Zhone Solutions by 6.3% in 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. Northern Trust Corp grew its stake in shares of DASAN Zhone Solutions by 1.5% in the 4th quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock worth $849,000 after buying an additional 876 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of DASAN Zhone Solutions by 10.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock worth $1,438,000 after buying an additional 9,381 shares in the last quarter. Institutional investors own 16.02% of the company’s stock.

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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