DASAN Zhone Solutions (NASDAQ:DZSI) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a buy rating to a hold rating in a report published on Wednesday, ValuEngine reports.

DZSI has been the subject of several other reports. B. Riley reiterated a buy rating on shares of Goodrich Petroleum in a research report on Monday, May 20th. Zacks Investment Research cut Farmland Partners from a hold rating to a sell rating in a research report on Friday, July 12th.

Shares of DZSI stock opened at $11.24 on Wednesday. The firm’s 50 day moving average is $12.84. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.53 and a current ratio of 1.99. The stock has a market capitalization of $195.96 million, a PE ratio of 56.20 and a beta of 0.41. DASAN Zhone Solutions has a twelve month low of $9.10 and a twelve month high of $15.59.

DASAN Zhone Solutions (NASDAQ:DZSI) last announced its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.25. The company 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%. Research analysts anticipate that DASAN Zhone Solutions will post 0.47 EPS for the current year.

In other DASAN Zhone Solutions news, CFO Mikhail Golomb acquired 10,256 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $9.75 per share, for a total transaction of $99,996.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 66.10% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of DZSI. Mesirow Financial Investment Management Inc. purchased a new stake in shares of DASAN Zhone Solutions in the second quarter valued at approximately $617,000. Dimensional Fund Advisors LP increased its position in shares of DASAN Zhone Solutions by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 103,342 shares of the communications equipment provider’s stock valued at $1,438,000 after buying an additional 9,381 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of DASAN Zhone Solutions by 17.4% in the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after buying an additional 3,320 shares in the last quarter. Geode Capital Management LLC increased its position in shares of DASAN Zhone Solutions by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after buying an additional 2,744 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of DASAN Zhone Solutions by 1.5% in the fourth quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock valued at $849,000 after buying an additional 876 shares in the last quarter. Institutional investors and hedge funds 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.

Featured Article: S&P 500 Index

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for DASAN Zhone Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DASAN Zhone Solutions and related companies with MarketBeat.com's FREE daily email newsletter.