UPDATE: Stifel Resumes DASAN Zhone Solutions Inc (DZSI) at Buy

February 28, 2022 4:07 PM EST
Get Alerts DZSI Hot Sheet
Price: $15.97 -1.84%

Rating Summary:
    4 Buy, 0 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 1 | Down: 0 | New: 0
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(Updated - February 28, 2022 4:07 PM EST)

Stifel analyst Tore Svanberg resumes coverage on DASAN Zhone Solutions Inc (NASDAQ: DZSI) with a Buy rating and a price target of $20.00.

The analyst comments "We are initiating coverage of DZSI with a Buy rating and 12-month target price of $20/share, based on 1.1x EV/CY2023E sales. Our Buy rating reflects our expectation that the company's differentiated high-speed broadband and X-Haul wireless solutions are well positioned to capitalize on increased spending in support of more pervasive broadband build-outs in both North America and Europe as well as continued rollout/densification of 5G network deployments. We expect these opportunities, along with increased geographic revenue diversification and competitively differentiated software services, to provide upside to margins over time and believe our estimates could prove conservative given our expectation for market share gains over the next few years."

For an analyst ratings summary and ratings history on DASAN Zhone Solutions Inc click here. For more ratings news on DASAN Zhone Solutions Inc click here.

Shares of DASAN Zhone Solutions Inc closed at $14.46 yesterday.

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