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Last $2.66 USD
Change Today 0.00 / 0.00%
Volume 0.0
ZTCOF On Other Exchanges
Symbol
Exchange
Shenzhen
OTC US
Frankfurt
As of 8:10 PM 06/26/15 All times are local (Market data is delayed by at least 15 minutes).

zte corp-h (ZTCOF) Snapshot

Open
$2.66
Previous Close
$2.66
Day High
$2.66
Day Low
$2.66
52 Week High
06/1/15 - $3.23
52 Week Low
07/9/14 - $1.58
Market Cap
13.2B
Average Volume 10 Days
965.0
EPS TTM
--
Shares Outstanding
755.5M
EX-Date
06/1/15
P/E TM
--
Dividend
$0.17
Dividend Yield
1.03%
Current Stock Chart for ZTE CORP-H (ZTCOF)

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zte corp-h (ZTCOF) Details

ZTE Corporation provides telecommunications equipment and network solutions worldwide. It operates in three segments: Networks (Communication System); Handset Terminals; and Telecommunications Software Systems, Services and Other Products. The company provides wireless communication products, such as macro and distributed BTS, small cell products, GoTa products, WLAN and microwave products, network optimization tools, cloud radios, QCell, UBR, and magic radios; wireline switch and access products; and telecommunications software systems, such as operation support systems and fee-based services. It also manufactures and sells mobile phone handsets, smart phones, data cards, and tablets; and offers network products, such as optical transmission products and IP network products, as well as provides WDM/OTN products, NT-SDH/MSTP products, IP transmission products, routers and BRAS products, and Ethernet switch products. In addition, the company offers network solutions and services for wireless access, including GSM/ UMTS/CDMA/TD-SCDMA/PHS/WiMAX/LTE/WLAN; and wireline access, such as PSTN/MSAN/xDSL/xPON/LAN/ intelligent terminals. Further, it provides fixed access products, including cable, MSAN, xPON, CPE, and xDSL products; energy products, such as telecom power systems, UPS, infrastructure, and solar controllers, which ensure energy supply reliability for communication, government, and enterprise customers. Additionally, it offers value-added services for individuals, enterprises, and families. The company also provides consulting services, customer support, managed and learning services, service tools, and integration services. ZTE Corporation was founded in 1985 and is headquartered in Shenzhen, the People’s Republic of China.

75,609 Employees
Last Reported Date: 03/25/15
Founded in 1985

zte corp-h (ZTCOF) Top Compensated Officers

President and Executive Director
Total Annual Compensation: CNY3.8M
Executive Director and Member of Remuneration...
Total Annual Compensation: CNY907.0K
Executive Director
Total Annual Compensation: CNY630.0K
Compensation as of Fiscal Year 2014.

zte corp-h (ZTCOF) Key Developments

Vringo, Inc. Provides Litigation Update in Brazil and Romania Against ZTE

Vringo Inc. provided an update on enforcement actions in Brazil and Romania against ZTE, as well as an update in its SDNY litigation and corporate matters. Since April 15, 2014, through a preliminary injunction requested by Vringo, ZTE has been restrained from commercializing 3G and 4G infrastructure technology in Brazil. Since that date, ZTE has unsuccessfully sought to have the injunction overturned more than ten times. On June 24, 2015, the reporting appellate judge denied ZTE's latest request to overturn the injunction, rejecting a new interlocutory appeal, which requested an ex parte preliminary injunction in order to, upon payment of a bond, lift the original injunction. In addition, the trial court which issued the original injunction against ZTE ordered both parties to file briefs regarding the report by a court-appointed expert on the raid conducted at ZTE's Headquarters in Sao Paulo, which confirmed that ZTE violated the injunction. Vringo filed a brief on June 24, 2015 requesting further enforcement measures to secure ZTE's compliance with the injunction, and asking the court to order ZTE to pay an accumulated daily fine of BRL 8,080,000-approximately $2.5 million-for ZTE's violation of the injunction. Vringo expects a decision by the 5th Business Trial Court of Rio de Janeiro shortly. Since June 30, 2014, through a preliminary injunction requested by Vringo, ZTE Romania has been restrained from commercializing any 4G/LTE mobile phone or infrastructure equipment manufactured by ZTE Corporation which incorporates 4G/LTE technology. Since that date, ZTE Romania has unsuccessfully sought to have the injunction overturned seven times. On June 19, 2015, ZTE Romania's latest attempt, a motion to cancel the January 8, 2015 decision which confirmed the preliminary injunction granted to Vringo against ZTE Romania and others, alleging that the Court made a material error when issuing that decision, was denied by the Bucharest Court of Appeal. In addition, based on documents recently obtained by Vringo, Vringo is currently investigating whether ZTE Romania and its retailers have breached the preliminary injunction. Vringo is currently assessing the legal remedies available to cure any violation. On June 23, 2015, the United States District Court for the Southern District of New York granted Vringo's motions to de-designate ZTE's responses to discovery requests, including those that reference ZTE's communications with the National Resources Development Counsel of the People's Republic of China, as "Highly Confidential - Attorneys Eyes Only - US Only". The Court's ruling will allow Vringo to participate more effectively in its breach of contract case against ZTE, in which the Court has already held that ZTE breached a non-disclosure agreement signed between the parties in December 2013. ZTE may request that these communications remain confidential by July 6. In addition, the Court referred Vringo's motion, seeking sanctions against ZTE for its failure to produce certain documents in discovery, to Magistrate Judge Maas. Vringo anticipates that a hearing on this issue will be scheduled soon.

ZTE Corp. Demonstrates its Software Defined Optical Network Solution

ZTE Corp. announced that it has demonstrated its software defined optical network solution for the first time at the 2015 WDM & Next Generation Optical Networking Forum in Nice. The company's SDON solution introduces software defined networking (SDN) into optical transport networks (OTN). This allows operators to build efficient, elastic and open optical networks on the transport, control and application planes. On the transport plane, the SDON solution adopts 100G and beyond-100G oriented programmable optical networking equipment with large crossing capacity, effective transportation performance and complete service types. On the control plane, it takes centralised management and control of the transport capability and switching capability of the programmable optical network equipment at the transport plane. Its hierarchical controller facilitates flexible network expansion. On the application plane, it provides service application cloud-oriented to the operators, tenants and partners to meet maintenance, operation and value-added service demands. The company's SDON solution suits multiple application scenarios. Bandwidth on demand (BOD) can be adopted for enterprise private service distribution. Private services can be quickly and easily distributed in a complicated network environment. Virtual subnet multi-tenant service abstracts network resources and provides virtual subnet control to the tenants who can implement self-service. Multi-layer and multi-domain network interconnection and cooperation can easily realise the centralised management of equipment from multiple vendors and service oriented end-to-end (E2E) connections. Network management and operation automation can be realised to greatly improve operation and maintenance (O&M) efficiency. Application in multiple scenarios can solve the practical problems that operators are concerned with and help these operators to transform from traditional closed infrastructure providers to IT software providers. The company takes an active role in the promotion of SDN standardisation and commercialisation across the world. In September 2014, ZTE completed its global transport network SDN prototype demonstration and test organised by the Open Networking Foundation (ONF) and the Optical Internetworking Forum (OIF) in Beijing. The company's SDON controller successfully implemented cross-domain BOD service interconnection of major vendors in the industry in Europe, America, and China such as China Telecom, China Mobile, Telus Canada, Deutsche Telekom, and Verizon. The test covered nine domains and eight vendors around the world, which illustrated the cooperation and interconnection capability of ZTE's SDON controller for multiple vendors around the world.

ZTE Corporation Launches Compact Packet OTN Solution

ZTE Corporation has released the ZXMP M721 CX66, the company's compact packet optical transport network (OTN) product at the WDM & Next-Generation Optical Networking Forum held in Nice, France. With the global large-scale commercial deployment of LTE and the rapid development of over-the-top (OTT) services, flat network demands are forcing OTN bearer networks to evolve into unified bearing networks. With this in mind, ZTE has developed its compact packet OTN product, the ZXMP M721 CX66, which integrates ODUk, packet, and virtual circuit (VC) crossing in one. The solution is designed to ensure unified bearing of various complicated network and services. With advanced functionality and powerful performance, the release empowers operators to undertake edge layer network construction. With a height of only 6U, the ZXMP M721 CX66 features the high 840G crossing capacity in the industry. The solution supports 2Mbit/s to 100Gbit/s any rate access, and can implement metro area core and backbone network end-to-end (E2E) unified crossing scheduling. It also provides full support for software defined networking (SDN).

 

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Industry Analysis

ZTCOF

Industry Average

Valuation ZTCOF Industry Range
Price/Earnings 34.5x
Price/Sales 1.3x
Price/Book 3.0x
Price/Cash Flow 23.1x
TEV/Sales 0.2x
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