DZS (NASDAQ:DZSI) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of DZS (NASDAQ:DZSIFree Report) in a research report sent to investors on Friday morning, Benzinga reports. Needham & Company LLC currently has a $9.00 price target on the communications equipment provider’s stock.

DZS Stock Performance

NASDAQ:DZSI opened at $1.37 on Friday. The company has a market capitalization of $42.69 million, a P/E ratio of -0.78 and a beta of 1.63. The stock’s 50 day moving average price is $1.31 and its 200 day moving average price is $1.47. DZS has a 52 week low of $0.95 and a 52 week high of $7.17.

Institutional Trading of DZS

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Merlin Capital Inc boosted its holdings in DZS by 199.7% during the third quarter. Merlin Capital Inc now owns 36,398 shares of the communications equipment provider’s stock valued at $76,000 after acquiring an additional 24,252 shares during the period. Kovack Advisors Inc. grew its holdings in DZS by 30.4% in the 4th quarter. Kovack Advisors Inc. now owns 120,900 shares of the communications equipment provider’s stock valued at $238,000 after buying an additional 28,200 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in DZS by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,000,673 shares of the communications equipment provider’s stock worth $2,101,000 after buying an additional 6,917 shares during the period. Institutional investors and hedge funds own 40.77% of the company’s stock.

About DZS

(Get Free Report)

DZS Inc provides access and optical networking infrastructure and cloud software solutions in the Americas, Europe, the Middle East, Africa, and Asia. The company offers access edge solutions through DZS Velocity, including voice, high-definition and ultra-high-definition video, highspeed internet access, and business class services; switching and routing products; and XCelerate for increasing the velocity with which service providers can leap to multi-gigabit services.

Further Reading

Receive News & Ratings for DZS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DZS and related companies with MarketBeat.com's FREE daily email newsletter.