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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  ZTE Corporation    000063   CNE000000TK5

ZTE CORPORATION

(000063)
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ZTE : FCC DENIES ZTE PETITION FOR RECONSIDERATION OF ITS DESIGNATION AS A NATIONAL SECURITY THREAT

11/25/2020 | 09:55am EST

The Federal Communications Commission'sPublic Safety and Homeland Security Bureau (Bureau) today denied a petition for reconsideration of the Bureau's June 30, 2020 order designating ZTE as a company posing a national security threat to the integrity of communications networks or the communications supply chain.

After reviewing the record the Bureau found no basis for reconsideration. As a result, the FCC's$8.3 billion a year Universal Service Fund cannot be used to purchase, obtain, maintain, improve, modify, or otherwise support any equipment or services produced or provided by ZTE as well as its parents, affiliates, and subsidiaries. 'With today's order, we are taking another important step in our ongoing efforts to protect U.S. communications networks from security risks,' said FCC Chairman Ajit Pai. 'At the next Open Meeting on December 10, the Commission will vote on rules to implement the Secure and Trusted Communications Networks Reimbursement program to help carriers remove and replace untrusted equipment from their networks, months before the statutory deadline. Now it is more vital than ever that Congress appropriate funds so that our communications networks are protected from vendors that threaten our national security.'

Contact:

Tel: (202) 418-0500

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2020 102 B 15 762 M 15 762 M
Net income 2020 4 253 M 656 M 656 M
Net Debt 2020 716 M 110 M 110 M
P/E ratio 2020 33,9x
Yield 2020 0,64%
Capitalization 149 B 22 987 M 22 986 M
EV / Sales 2020 1,47x
EV / Sales 2021 1,30x
Nbr of Employees 70 066
Free-Float 71,4%
Chart ZTE CORPORATION
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ZTE Corporation Technical Analysis Chart | 000063 | CNE000000TK5 | MarketScreener
Technical analysis trends ZTE CORPORATION
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 39,26 CNY
Last Close Price 35,10 CNY
Spread / Highest target 41,0%
Spread / Average Target 11,8%
Spread / Lowest Target -24,5%
EPS Revisions
Managers and Directors
NameTitle
Zi Yang Xu President, CEO & Executive Director
Da Xiong Xie Chairman-Supervisory Board
Zi Xue Li Chairman
Li Ying Chief Financial Officer & Executive Vice President
Jun Feng Wang Member-Supervisory Board
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