DASAN Zhone Solutions Inc (NASDAQ:DZSI) issued its earnings results on Tuesday, May 16th. The communications equipment provider reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.03, Morningstar.com reports. The business had revenue of $53.07 million for the quarter, compared to the consensus estimate of $50.08 million. DASAN Zhone Solutions had a negative net margin of 6.85% and a negative return on equity of 16.05%.
DASAN Zhone Solutions (NASDAQ:DZSI) opened at 6.0346 on Tuesday. The firm has a 50-day moving average of $5.83 and a 200-day moving average of $3.44. The company’s market capitalization is $98.83 million. DASAN Zhone Solutions has a 52 week low of $4.25 and a 52 week high of $10.00.
Separately, Zacks Investment Research upgraded shares of DASAN Zhone Solutions from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a research note on Wednesday, May 24th.
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