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

DASAN Zhone Solutions (NASDAQ:DZSI) issued its earnings results on Thursday. The communications equipment provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05), MarketWatch Earnings reports. The company 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%.

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

In other DASAN Zhone Solutions news, Director Michael Connors sold 3,333 shares of the business’s 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 document filed with the SEC, which can be accessed through this hyperlink. 65.30% of the stock is currently owned by insiders.

A hedge fund recently bought a new stake 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 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,036 shares of the communications equipment provider’s stock, valued at approximately $185,000. Bank of New York Mellon Corp owned about 0.12% of DASAN Zhone Solutions as of its most recent SEC filing. Institutional investors own 15.64% of the company’s stock.

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About DASAN Zhone Solutions

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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