Zacks Investment Research upgraded shares of Zhone Technologies Inc. (NASDAQ:DZSI) from a sell rating to a hold rating in a research report released on Wednesday morning.

According to Zacks, “Zhone Technologies is developing the industry’s first complete line of telecommunications infrastructure products for the local access network. Zhone’s products bring end-to-end integration and management to the local loop – from the core to the subscriber’s premises – making it possible for carriers and service providers to offer a full suite of managed services while optimizing bandwidth, reducing costs, and speeding up provisioning. Zhone is making the local access network reliable, manageable, and cost effective. “

Shares of Zhone Technologies (NASDAQ:DZSI) opened at 1.10 on Wednesday. Zhone Technologies has a 1-year low of $0.91 and a 1-year high of $2.00. The stock has a 50 day moving average price of $1.15 and a 200 day moving average price of $1.22.

About Zhone Technologies

DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.

5 Day Chart for NASDAQ:DZSI

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