DZS (NASDAQ:DZSI) released its earnings results on Sunday. The communications equipment provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.22) by $0.32, MarketWatch Earnings reports. DZS had a negative return on equity of 1.26% and a negative net margin of 6.64%.
Shares of NASDAQ DZSI traded down $0.26 during mid-day trading on Tuesday, reaching $16.15. 7,481 shares of the company’s stock traded hands, compared to its average volume of 130,496. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.86. The business has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $14.98. The stock has a market cap of $434.16 million, a P/E ratio of -17.56 and a beta of 1.32. DZS has a 1-year low of $5.00 and a 1-year high of $18.94.
Several analysts have recently commented on the stock. Northland Securities raised their price objective on shares of DZS from $17.00 to $22.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd. B. Riley increased their target price on shares of DZS from $21.00 to $23.50 and gave the stock a “buy” rating in a research note on Tuesday, February 23rd. Zacks Investment Research raised shares of DZS from a “sell” rating to a “hold” rating in a research note on Tuesday, April 27th. Stifel Nicolaus started coverage on DZS in a research note on Thursday, March 11th. They issued a “buy” rating and a $22.00 target price for the company. Finally, Needham & Company LLC initiated coverage on DZS in a research note on Monday, March 8th. They set a “buy” rating and a $23.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $21.92.
DZS Inc provides network access solutions and communications platforms for service provider and enterprise networks in the Americas, Europe, the Middle East, Africa, and Asia. It offers mobile transport products, including standard Ethernet/IP or multiprotocol label switching interfaces and interoperate to mobile operators that enables them to upgrade their mobile fronthaul/backhaul systems and migrate to 5G and beyond; broadband access products, which consists of switching and routing products to carriers and service providers to connect residential and business customers; and connected premises products, comprising of indoor/outdoor optical network terminal gateways.
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