DASAN Zhone Solutions (NASDAQ:DZSI) Releases Quarterly Earnings Results, Beats Expectations By $0.19 EPS

DASAN Zhone Solutions (NASDAQ:DZSI) posted its quarterly earnings results on Tuesday. The communications equipment provider reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.19, Morningstar.com reports. DASAN Zhone Solutions had a net margin of 0.10% and a return on equity of 5.25%. DASAN Zhone Solutions updated its FY 2019 guidance to EPS and its Q3 2019 guidance to EPS.

NASDAQ DZSI opened at $10.40 on Wednesday. The company has a 50 day simple moving average of $11.49. DASAN Zhone Solutions has a 12-month low of $9.49 and a 12-month high of $15.59. The company has a current ratio of 1.99, a quick ratio of 1.53 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $164.41 million, a price-to-earnings ratio of 52.00 and a beta of 0.39.

Several research firms have recently issued reports on DZSI. ValuEngine lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. B. Riley began coverage on shares of DASAN Zhone Solutions in a research report on Monday, May 20th. They issued a “buy” rating and a $19.50 price target on the stock. Finally, Zacks Investment Research lowered shares of DASAN Zhone Solutions from a “buy” rating to a “hold” rating in a research report on Friday, July 12th.

In other DASAN Zhone Solutions news, CFO Mikhail Golomb purchased 10,256 shares of the stock in a transaction dated Monday, May 20th. The shares were bought at an average price of $9.75 per share, with a total value of $99,996.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 66.10% of the company’s stock.

Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC grew its stake in DASAN Zhone Solutions by 771.6% during the second quarter. Tower Research Capital LLC TRC now owns 1,935 shares of the communications equipment provider’s stock valued at $25,000 after acquiring an additional 1,713 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in DASAN Zhone Solutions by 12.6% during the second quarter. Charles Schwab Investment Management Inc. now owns 17,422 shares of the communications equipment provider’s stock valued at $227,000 after acquiring an additional 1,952 shares in the last quarter. JPMorgan Chase & Co. grew its stake in DASAN Zhone Solutions by 1,238.4% during the second quarter. JPMorgan Chase & Co. now owns 19,313 shares of the communications equipment provider’s stock valued at $249,000 after acquiring an additional 17,870 shares in the last quarter. Bank of New York Mellon Corp grew its stake in DASAN Zhone Solutions by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 22,356 shares of the communications equipment provider’s stock valued at $311,000 after acquiring an additional 3,320 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in DASAN Zhone Solutions by 6.3% during the fourth quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after acquiring an additional 2,744 shares in the last quarter. 16.31% of the stock is owned by institutional investors.

About DASAN Zhone Solutions

DASAN Zhone Solutions, Inc provides network access solutions and communications platforms 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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