Needham & Company LLC Cuts DZS (NASDAQ:DZSI) Price Target to $18.00

DZS (NASDAQ:DZSI – Get Rating) had its price objective trimmed by Needham & Company LLC from $22.00 to $18.00 in a report published on Wednesday morning, MarketBeat reports. The firm currently has a buy rating on the communications equipment provider’s stock.

A number of other equities research analysts have also recently weighed in on the company. Northland Securities upped their price target on DZS from $20.00 to $25.00 in a report on Wednesday, June 1st. Stifel Nicolaus increased their target price on DZS from $20.00 to $24.00 in a report on Wednesday, June 1st. B. Riley increased their target price on DZS from $24.00 to $30.00 in a report on Wednesday, June 1st. Finally, Craig Hallum increased their target price on DZS from $24.00 to $35.00 in a report on Wednesday, June 1st.

DZS Trading Up 0.1 %

DZSI opened at $14.02 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.60 and a current ratio of 1.80. The stock’s 50 day simple moving average is $16.84 and its 200 day simple moving average is $14.87. DZS has a 1-year low of $10.77 and a 1-year high of $19.95.

DZS (NASDAQ:DZSI – Get Rating) last released its quarterly earnings results on Monday, August 1st. The communications equipment provider reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.09). DZS had a negative return on equity of 4.47% and a negative net margin of 4.87%. During the same period last year, the firm posted ($0.10) earnings per share. On average, sell-side analysts anticipate that DZS will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DZSI. AIGH Capital Management LLC lifted its stake in shares of DZS by 34.1% during the 1st quarter. AIGH Capital Management LLC now owns 1,568,344 shares of the communications equipment provider’s stock worth $21,753,000 after purchasing an additional 398,545 shares during the period. Penserra Capital Management LLC lifted its stake in shares of DZS by 50.8% during the 4th quarter. Penserra Capital Management LLC now owns 481,151 shares of the communications equipment provider’s stock worth $7,804,000 after purchasing an additional 162,028 shares during the period. Essex Investment Management Co. LLC purchased a new position in shares of DZS during the 1st quarter worth $2,021,000. Worth Venture Partners LLC lifted its stake in shares of DZS by 44.3% during the 1st quarter. Worth Venture Partners LLC now owns 385,979 shares of the communications equipment provider’s stock worth $5,354,000 after purchasing an additional 118,429 shares during the period. Finally, Millrace Asset Group Inc. purchased a new position in shares of DZS during the 2nd quarter worth $1,350,000. Hedge funds and other institutional investors own 34.88% 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.