DZS (NASDAQ:DZSI) Announces Earnings Results

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DZS (NASDAQ:DZSI) posted its quarterly earnings data on Monday. The communications equipment provider reported ($0.06) 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 DZSI stock traded down $0.02 during midday trading on Tuesday, reaching $17.44. 3,020 shares of the company were exchanged, compared to its average volume of 161,023. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.86 and a current ratio of 2.36. The company’s 50 day moving average price is $16.74 and its two-hundred day moving average price is $13.05. DZS has a 12 month low of $2.90 and a 12 month high of $18.90. The company has a market cap of $382.95 million, a P/E ratio of -18.85 and a beta of 1.32.

DZSI has been the subject of a number of analyst reports. Northland Securities upped their price objective on shares of DZS from $17.00 to $22.00 and gave the company an “outperform” rating in a report on Tuesday. Craig Hallum boosted 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. B. Riley reiterated a “buy” rating and set a $23.50 target price (up previously from $21.00) on shares of DZS in a research note on Tuesday. Finally, Zacks Investment Research cut shares of DZS from a “buy” rating to a “hold” rating in a report on Monday, January 4th. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. DZS has a consensus rating of “Buy” and a consensus price target of $21.63.

In other news, major shareholder Dasan Networks, Inc acquired 600,000 shares of the stock in a transaction on Friday, January 29th. The shares were purchased at an average cost of $14.00 per share, for a total transaction of $8,400,000.00. Following the transaction, the insider now owns 10,093,015 shares in the company, valued at approximately $141,302,210. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 66.10% of the stock is 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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