Weekly Research Analysts’ Ratings Changes for DZS (DZSI)

Several brokerages have updated their recommendations and price targets on shares of DZS (NASDAQ: DZSI) in the last few weeks:

  • 6/1/2022 – DZS had its price target raised by analysts at Needham & Company LLC from $17.00 to $22.00. They now have a “buy” rating on the stock.
  • 6/1/2022 – DZS had its price target raised by analysts at Northland Securities from $20.00 to $25.00.
  • 6/1/2022 – DZS had its price target raised by analysts at Craig Hallum from $24.00 to $35.00.
  • 6/1/2022 – DZS had its price target raised by analysts at Stifel Nicolaus from $20.00 to $24.00.
  • 6/1/2022 – DZS had its price target raised by analysts at B. Riley from $24.00 to $30.00.
  • 5/4/2022 – DZS had its price target lowered by analysts at B. Riley from $25.00 to $24.00.

DZSI stock opened at $16.57 on Thursday. The business has a fifty day moving average of $14.53 and a two-hundred day moving average of $14.44. The stock has a market cap of $457.60 million, a price-to-earnings ratio of -31.26 and a beta of 1.24. DZS Inc. has a 52-week low of $10.77 and a 52-week high of $23.48.

DZS (NASDAQ:DZSIGet Rating) last posted its earnings results on Monday, May 2nd. The communications equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.10) by $0.02. The company had revenue of $77.04 million during the quarter, compared to analysts’ expectations of $83.79 million. DZS had a negative return on equity of 4.05% and a negative net margin of 4.19%. During the same quarter last year, the firm earned $0.04 earnings per share. As a group, analysts predict that DZS Inc. will post 0.29 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of DZSI. Morgan Stanley boosted its position in shares of DZS by 127.1% during the second quarter. Morgan Stanley now owns 18,061 shares of the communications equipment provider’s stock worth $375,000 after buying an additional 10,107 shares during the period. Wells Fargo & Company MN boosted its position in shares of DZS by 857.8% during the second quarter. Wells Fargo & Company MN now owns 48,089 shares of the communications equipment provider’s stock worth $998,000 after buying an additional 43,068 shares during the period. BlackRock Inc. boosted its position in shares of DZS by 1.6% during the third quarter. BlackRock Inc. now owns 1,055,008 shares of the communications equipment provider’s stock worth $12,934,000 after buying an additional 16,244 shares during the period. Citigroup Inc. boosted its position in shares of DZS by 316.5% during the third quarter. Citigroup Inc. now owns 3,332 shares of the communications equipment provider’s stock worth $41,000 after buying an additional 2,532 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of DZS by 157.2% during the third quarter. Renaissance Technologies LLC now owns 162,578 shares of the communications equipment provider’s stock worth $1,993,000 after buying an additional 99,378 shares during the period. 34.88% of the stock is owned by institutional investors.

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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