DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Friday. The brokerage currently has a $9.75 price target on the communications equipment provider’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.90% from the company’s previous close.
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. “
Separately, ValuEngine downgraded DASAN Zhone Solutions from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th.
An institutional investor recently raised its position in DASAN Zhone Solutions stock. Dimensional Fund Advisors LP increased its holdings in DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) by 43.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,758 shares of the communications equipment provider’s stock after purchasing an additional 8,717 shares during the period. Dimensional Fund Advisors LP owned 0.18% of DASAN Zhone Solutions worth $196,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.76% of the company’s stock.
DASAN Zhone Solutions Company Profile
DASAN Zhone Solutions, Inc, formerly Zhone Technologies, Inc, designs, develops and manufactures communications network equipment for telecommunications operators and enterprises across the world. The Company’s products provide enterprise solutions that enable both network service providers and enterprises to deliver high speed fiber access, while transporting voice, video and data to the end user.
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