Analysts Expect DASAN Zhone Solutions Inc (NASDAQ:DZSI) Will Post Quarterly Sales of $91.18 Million

Wall Street analysts expect that DASAN Zhone Solutions Inc (NASDAQ:DZSI) will announce $91.18 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for DASAN Zhone Solutions’ earnings, with estimates ranging from $90.36 million to $92.00 million. DASAN Zhone Solutions reported sales of $71.91 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 14th.

According to Zacks, analysts expect that DASAN Zhone Solutions will report full year sales of $351.25 million for the current financial year, with estimates ranging from $347.50 million to $355.00 million. For the next year, analysts anticipate that the company will report sales of $386.92 million, with estimates ranging from $385.84 million to $388.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow DASAN Zhone Solutions.

DASAN Zhone Solutions (NASDAQ:DZSI) last issued its quarterly earnings data on Tuesday, August 13th. The communications equipment provider reported $0.26 EPS for the quarter, beating the consensus estimate of $0.07 by $0.19. DASAN Zhone Solutions had a net margin of 0.43% and a return on equity of 8.37%. The firm had revenue of $83.66 million during the quarter, compared to the consensus estimate of $84.41 million.

Several research analysts have recently weighed in on DZSI shares. B. Riley started coverage on shares of DASAN Zhone Solutions in a research note on Monday, May 20th. They set a “buy” rating and a $19.50 price target on the stock. ValuEngine cut shares of DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Zacks Investment Research downgraded shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research report on Friday, July 12th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC lifted its stake in DASAN Zhone Solutions by 771.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock worth $25,000 after acquiring an additional 1,713 shares during the last quarter. Centaurus Financial Inc. bought a new position in DASAN Zhone Solutions during the second quarter worth $117,000. Charles Schwab Investment Management Inc. lifted its stake in 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 worth $227,000 after purchasing an additional 1,952 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in 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 worth $249,000 after purchasing an additional 17,870 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake 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 purchasing an additional 3,320 shares during the last quarter. Institutional investors and hedge funds own 19.28% of the company’s stock.

Shares of NASDAQ DZSI traded down $0.20 on Wednesday, reaching $11.51. 61,000 shares of the company’s stock traded hands, compared to its average volume of 57,788. DASAN Zhone Solutions has a 12 month low of $9.49 and a 12 month high of $15.59. The business’s 50 day simple moving average is $11.39 and its two-hundred day simple moving average is $11.91. The company has a market cap of $173.54 million, a price-to-earnings ratio of 58.10 and a beta of 0.39. The company has a quick ratio of 1.53, a current ratio of 2.44 and a debt-to-equity ratio of 0.39.

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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