Northland Securities Reiterates Buy Rating for DASAN Zhone Solutions (NASDAQ:DZSI)

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DASAN Zhone Solutions (NASDAQ:DZSI)‘s stock had its “buy” rating restated by Northland Securities in a research report issued on Wednesday, AnalystRatings.com reports. They currently have a $15.50 price objective on the communications equipment provider’s stock. Northland Securities’ price objective suggests a potential upside of 100.00% from the stock’s previous close.

A number of other research analysts also recently commented on DZSI. Zacks Investment Research downgraded DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Craig Hallum set a $16.00 price objective on DASAN Zhone Solutions and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, ValuEngine upgraded DASAN Zhone Solutions from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. DASAN Zhone Solutions has an average rating of “Hold” and a consensus target price of $16.00.

Shares of NASDAQ DZSI opened at $7.75 on Wednesday. The stock’s 50-day moving average is $8.05 and its two-hundred day moving average is $10.77. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.44 and a quick ratio of 1.97. DASAN Zhone Solutions has a 1-year low of $6.59 and a 1-year high of $15.40. The company has a market cap of $164.67 million, a price-to-earnings ratio of 38.75 and a beta of 0.24.

DASAN Zhone Solutions (NASDAQ:DZSI) last issued its quarterly earnings results 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 return on equity of 8.37% and a net margin of 0.43%. The company had revenue of $71.52 million for the quarter, compared to analysts’ expectations of $70.98 million. Equities research analysts anticipate that DASAN Zhone Solutions will post 0.26 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of DASAN Zhone Solutions by 11.3% in the 2nd quarter. Renaissance Technologies LLC now owns 139,697 shares of the communications equipment provider’s stock valued at $1,815,000 after purchasing an additional 14,200 shares during the period. JPMorgan Chase & Co. boosted its position in shares of DASAN Zhone Solutions by 1,238.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 19,313 shares of the communications equipment provider’s stock valued at $249,000 after purchasing an additional 17,870 shares during the period. Northern Trust Corp boosted its position in shares of DASAN Zhone Solutions by 13.7% in the 2nd quarter. Northern Trust Corp now owns 68,975 shares of the communications equipment provider’s stock valued at $896,000 after purchasing an additional 8,295 shares during the period. Bank of New York Mellon Corp boosted its position in shares of DASAN Zhone Solutions by 36.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 30,172 shares of the communications equipment provider’s stock valued at $392,000 after purchasing an additional 7,980 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of DASAN Zhone Solutions by 65.5% in the 2nd quarter. Vanguard Group Inc. now owns 440,683 shares of the communications equipment provider’s stock valued at $5,724,000 after purchasing an additional 174,344 shares during the period. Institutional investors and hedge funds own 23.20% 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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