Northland Securities analyst Tim Savageaux maintained a Buy rating on DASAN Zhone Solutions Inc (DZSI) today and set a price target of $20. The company’s shares opened today at $12.56.
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 7.8% and a 56.5% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as CommScope Holding, Viavi Solutions, and NeoPhotonics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for DASAN Zhone Solutions Inc with a $20 average price target.
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Based on DASAN Zhone Solutions Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $1.8 million. In comparison, last year the company had a net profit of $4.23 million.
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DASAN Zhone Solutions Inc engages in the provision of broad-based network access solutions. It offers solutions for broadband access, Ethernet switching, mobile backhaul, passive optical local-area network (POL), and software defined networks (SDN). The company was founded in June 1999 and is headquartered in Oakland, CA.
