DZS (NASDAQ:DZSI) posted its earnings results on Sunday. The communications equipment provider reported $0.10 EPS for the quarter, topping the Thomson Reuters’ 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%.
DZS stock traded down $0.26 during mid-day trading on Tuesday, hitting $16.15. The company’s stock had a trading volume of 7,481 shares, compared to its average volume of 130,496. The business has a 50 day moving average price of $15.54 and a 200-day moving average price of $14.98. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.86. DZS has a 12 month low of $5.00 and a 12 month high of $18.94. The stock has a market cap of $434.16 million, a price-to-earnings ratio of -17.56 and a beta of 1.32.
A number of analysts have recently issued reports on the company. Northland Securities lifted their price target on DZS from $17.00 to $22.00 and gave the company an “outperform” rating in a research report 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. Craig Hallum increased their price target on shares of DZS from $18.00 to $24.00 and gave the stock a “buy” rating in a report on Monday, January 4th. B. Riley lifted their price objective on shares of DZS from $21.00 to $23.50 and gave the stock a “buy” rating in a report on Tuesday, February 23rd. Finally, 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 on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus 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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