DZS (NASDAQ:DZSI) Posts Quarterly Earnings Results, Misses Expectations By $0.10 EPS


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DZS (NASDAQ:DZSI) posted its quarterly earnings results on Monday. The communications equipment provider reported ($0.06) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.10), Fidelity Earnings reports. DZS had a negative return on equity of 1.26% and a negative net margin of 6.64%. DZS updated its FY 2021
IntraDay guidance to EPS and its Q1 2021
IntraDay guidance to EPS.

Shares of NASDAQ DZSI traded down $0.26 during mid-day trading on Tuesday, reaching $17.20. 2,175 shares of the company’s stock traded hands, compared to its average volume of 161,023. DZS has a 1-year low of $2.90 and a 1-year high of $18.90. The stock has a market cap of $377.68 million, a P/E ratio of -18.85 and a beta of 1.32. The business has a 50-day simple moving average of $16.74 and a 200 day simple moving average of $13.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.36 and a quick ratio of 1.86.

A number of brokerages have weighed in on DZSI. B. Riley restated a “buy” rating and issued a $23.50 target price (up previously from $21.00) on shares of DZS in a research report on Tuesday. Zacks Investment Research downgraded shares of DZS from a “buy” rating to a “hold” rating in a research note on Monday, January 4th. Northland Securities lifted their target price on shares of DZS from $17.00 to $22.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Craig Hallum lifted their target price on shares of DZS from $18.00 to $24.00 and gave the stock a “buy” rating in a research note on Monday, January 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $21.63.

In other news, major shareholder Dasan Networks, Inc purchased 600,000 shares of the business’s stock in a transaction that occurred on Friday, January 29th. The shares were acquired at an average cost of $14.00 per share, for a total transaction of $8,400,000.00. Following the completion of the acquisition, the insider now owns 10,093,015 shares in the company, valued at $141,302,210. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 66.10% of the stock is currently owned by insiders.

About DZS

DZS Inc provides network access solutions and communications platforms for service provider and enterprise networks in the United States, Canada, Latin America, Europe, the Middle East, Africa, Korea, and other Asia Pacific Countries. It offers broadband access products, including customer premise equipment, such as digital subscriber line (DSL) modems; Ethernet access demarcation devices; and gigabit passive optical network (GPON) and 10G point-to-point active Ethernet optical network terminals.

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Earnings History for DZS (NASDAQ:DZSI)

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