DZS (NASDAQ:DZSI) PT Lowered to $20.00 at Stifel Nicolaus

DZS (NASDAQ:DZSIGet Rating) had its price target cut by Stifel Nicolaus from $22.00 to $20.00 in a research report sent to investors on Thursday morning. They currently have a buy rating on the communications equipment provider’s stock.

Other equities research analysts have also recently issued research reports about the stock. Northland Securities lifted their price target on shares of DZS from $20.00 to $25.00 in a research report on Wednesday, June 1st. Craig Hallum lifted their price target on shares of DZS from $24.00 to $35.00 in a research report on Wednesday, June 1st. B. Riley lifted their price target on shares of DZS from $24.00 to $30.00 in a research report on Wednesday, June 1st. Finally, Needham & Company LLC decreased their price objective on shares of DZS from $22.00 to $18.00 and set a buy rating for the company in a report on Wednesday, August 3rd.

DZS Trading Down 1.1 %

Shares of NASDAQ DZSI opened at $11.24 on Thursday. DZS has a 1-year low of $10.77 and a 1-year high of $19.95. The company has a market cap of $313.53 million, a PE ratio of -17.84 and a beta of 1.31. The company has a current ratio of 1.80, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The company has a 50-day moving average of $14.19 and a two-hundred day moving average of $14.50.

DZS (NASDAQ:DZSIGet Rating) last announced its earnings results on Monday, August 1st. The communications equipment provider reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.11). DZS had a negative return on equity of 4.47% and a negative net margin of 4.87%. The company had revenue of $91.08 million during the quarter, compared to the consensus estimate of $94.57 million. During the same period in the prior year, the firm posted ($0.10) earnings per share. As a group, equities analysts expect that DZS will post -0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Amalgamated Bank acquired a new position in DZS during the first quarter valued at approximately $33,000. Parallel Advisors LLC bought a new position in DZS in the second quarter valued at approximately $61,000. MetLife Investment Management LLC lifted its stake in DZS by 55.4% in the first quarter. MetLife Investment Management LLC now owns 9,474 shares of the communications equipment provider’s stock valued at $131,000 after buying an additional 3,378 shares in the last quarter. Bailard Inc. bought a new position in DZS in the second quarter valued at approximately $175,000. Finally, Millennium Management LLC bought a new position in DZS in the second quarter valued at approximately $177,000. Institutional investors and hedge funds own 34.85% of the company’s stock.

DZS Company Profile

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DZS Inc provides broadband network access solutions and communications platforms in the Americas, Europe, the Middle East, Africa, and Asia. It offers broadband connectivity 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.

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