Northland analyst Tim Savageaux cut his price target on Dasan Zhone Solutions to $15.50 from $20.00 after the company pre-announced significantly lower than expected Q3 revenues, which it blamed on "recent industry wide trends in reduced carrier spend combined with temporary postponements in capital spending for Fiber-to-the-Home project at selected DZS customers." Given Dasan's focus on early 5G rollout markets, recent wins in Japan and limited customer concentration, he is surprised at the degree of impact from the FTTH weakness, said Savageaux, who keeps an Outperform rating on the stock.