DASAN Zhone Solutions (DZSI) Announces Earnings Results, Misses Expectations By $0.05 EPS

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DASAN Zhone Solutions (NASDAQ:DZSI) issued its quarterly earnings results on Thursday. The communications equipment provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.05), MarketWatch Earnings reports. The business had revenue of $71.91 million for the quarter. DASAN Zhone Solutions had a return on equity of 9.88% and a net margin of 2.64%.

NASDAQ:DZSI traded up $0.11 during trading hours on Friday, reaching $14.39. 31,497 shares of the company’s stock were exchanged, compared to its average volume of 22,527. The stock has a market cap of $221.07 million, a P/E ratio of 30.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.55 and a quick ratio of 1.21. DASAN Zhone Solutions has a 1-year low of $7.67 and a 1-year high of $15.59.

In related news, Director Michael Connors sold 3,333 shares of the stock in a transaction on Monday, September 10th. The shares were sold at an average price of $10.24, for a total transaction of $34,129.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 65.30% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in DASAN Zhone Solutions stock. Bank of New York Mellon Corp purchased a new position in shares of DASAN Zhone Solutions Inc (NASDAQ:DZSI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,036 shares of the communications equipment provider’s stock, valued at approximately $185,000. Bank of New York Mellon Corp owned 0.12% of DASAN Zhone Solutions at the end of the most recent reporting period. 15.64% of the stock is currently owned by hedge funds and other institutional investors.

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DASAN Zhone Solutions Company Profile

DASAN Zhone Solutions, Inc provides network access solutions and communications equipment for service provider and enterprise networks worldwide. 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 DASAN Zhone Solutions (NASDAQ:DZSI)

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