Zacks Investment Research upgraded shares of DASAN Zhone Solutions (NASDAQ:DZSI) from a hold rating to a strong-buy rating in a report published on Monday morning, Zacks.com reports. They currently have $13.00 target price on the communications equipment provider’s stock.

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. “

A number of other equities research analysts have also commented on DZSI. B. Riley assumed coverage on DASAN Zhone Solutions in a research report on Monday, May 20th. They issued a buy rating and a $19.50 price target on the stock. ValuEngine lowered DASAN Zhone Solutions from a hold rating to a sell rating in a research report on Thursday, August 15th.

NASDAQ DZSI opened at $11.41 on Monday. The business’s 50-day moving average price is $11.24 and its two-hundred day moving average price is $11.87. DASAN Zhone Solutions has a 12 month low of $9.49 and a 12 month high of $15.59. The firm has a market capitalization of $246.16 million, a PE ratio of 57.05 and a beta of 0.39. The company has a current ratio of 2.44, a quick ratio of 1.97 and a debt-to-equity ratio of 0.39.

DASAN Zhone Solutions (NASDAQ:DZSI) last released its quarterly earnings results on Tuesday, August 13th. The communications equipment provider reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.19. DASAN Zhone Solutions had a return on equity of 8.37% and a net margin of 0.43%. The firm had revenue of $83.66 million for the quarter, compared to analyst estimates of $84.41 million. As a group, analysts forecast that DASAN Zhone Solutions will post 0.56 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake in shares of DASAN Zhone Solutions by 771.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock valued at $25,000 after purchasing an additional 1,713 shares during the period. Centaurus Financial Inc. acquired a new position in DASAN Zhone Solutions during the 2nd quarter worth approximately $117,000. Charles Schwab Investment Management Inc. raised its stake in DASAN Zhone Solutions by 12.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 17,422 shares of the communications equipment provider’s stock worth $227,000 after buying an additional 1,952 shares during the period. JPMorgan Chase & Co. raised its stake in DASAN Zhone Solutions by 1,238.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 19,313 shares of the communications equipment provider’s stock worth $249,000 after buying an additional 17,870 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in DASAN Zhone Solutions by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock worth $311,000 after buying an additional 3,320 shares during the period. 19.28% of the stock is currently owned by institutional investors.

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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