ZTE Corp
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Based in China
Company profile

ZTE Corporation is a China-based company principally engaged in the design, development, production, distribution and installation of a range of Information and Communication Technology (ICT) related systems, equipment and terminals. The Company mainly operates its business through three segments: Carriers’ Network segment, Government and Corporate segment and Consumer segment. Carriers’ Network segment mainly provides wireless network, wired network, core network and telecommunication software systems and services, as well as other technologies and product solutions. Government and Corporate segment provides the government and corporate information projects with top-level design, consulting services and integrated information solutions. Consumer segment is mainly involved in the development, production and sale of smart phones, mobile data terminals, family terminals and wearable devices, as well as the provision of related software applications and value-added services.

Closing Price
$2.83
Day's Change
0.06 (2.17%)
Bid
--
Ask
--
B/A Size
--
Day's High
2.88
Day's Low
2.75
Volume
(Light)
Volume:
8,052

10-day average volume:
19,627
8,052

UPDATE: Cantor Fitzgerald sticks with overweight rating on Aurora Cannabis on expectations sector will rerate higher

February 24, 2020 11:40am ET February 24, 2020 (MarketWatch)
Print

Cantor Fitzgerald said Monday it is sticking with its overweight rating on troubled Canadian cannabis company Aurora Cannabis Inc. (ACB.T) because it expects the Canadian licensed producers to rerate in the year ahead. In a note to clients, analyst Pablo Zuanic said he's comfortable with the recent actions taken by the company to shore up its balance sheet and profit margins. While it may take time for the company to regain investor confidence, its recent underperformance versus peers seems overdone. The stock has fallen 25% in the last 30 days, versus an 8% decline for the overall group and is down 64% in the last 90 days compared with a 39% decline for the overall group, he wrote. Zuanic highlighted two metrics that make him optimistic; Aurora's recreational sales in Canada are second only to those of market leader Canopy Growth Corp. (WEED.T) over the last five quarters; and it is one of just five companies that have been able to maintain new recreational prices above $5.20 a gram. The analyst raised his 12-month price target on Aurora stock to C$3.80 ($2.86) from C$3.75. "We do not factor optionality upside from the appointment of a new high-profile CPG CEO and or from a CPG partnership, but certainly that would imply greater upside," he wrote. Aurora's U.S.-listed shares were down 6% premarket and have fallen 76% in the last 12 months. The ETFMG Alternative Harvest ETF (MJ) has fallen 55% in the same period, while the S&P 500 has gained 20%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

February 24, 2020 11:40 ET (16:40 GMT)

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