DASAN Zhone Solutions, Inc. (NASDAQ:DZSI) posted its quarterly earnings data on Wednesday. The communications equipment provider reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02, Morningstar.com reports. DASAN Zhone Solutions had a negative return on equity of 26.94% and a negative net margin of 9.30%. The business had revenue of $60.11 million for the quarter, compared to analysts’ expectations of $54.07 million.
Shares of DASAN Zhone Solutions (NASDAQ:DZSI) traded up 1.30% during mid-day trading on Thursday, hitting $6.99. The stock had a trading volume of 15,458 shares. DASAN Zhone Solutions has a 52-week low of $0.85 and a 52-week high of $7.50. The company’s 50 day moving average is $6.66 and its 200-day moving average is $5.19. The stock’s market cap is $114.48 million.
Separately, Zacks Investment Research cut DASAN Zhone Solutions from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th.
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About DASAN Zhone Solutions
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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