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 $11.81.
Savageaux commented:
“We were already toward the low end of the opex guidance range and once again make no changes to our ests. DZS offers attractive exposure to a range of markets that are early adopters of 5G technology (South Korea- 27% of CY18 revs), driving demand for the company’s fiber access/backhaul and high speed switching solutions and/or driving significant increases in broadband/fiber connectivity (APAC ex CY18 revs). The Keymile acquisition adds significantly to the company’s European footprint (EME 12% of CY18 revs) with the addition of nearly $50M in mostly EMEA focused revs, adding to the company’s geographic and end customer diversification as well as adding high speed copper access technologies to the company’s strength in GPON fiber access.”
According to TipRanks.com, Savageaux is a 4-star analyst with an average return of 6.4% and a 56.7% success rate. Savageaux covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Luna Innovations Inc, and CommScope Holding.
Currently, the analyst consensus on DASAN Zhone Solutions Inc is a Moderate Buy with an average price target of $20.
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The company has a one-year high of $15.59 and a one-year low of $9.10. Currently, DASAN Zhone Solutions Inc has an average volume of 21.72K.
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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.
