Insider Buying: DASAN Zhone Solutions Inc (DZSI) CFO Buys 10,256 Shares of Stock

DASAN Zhone Solutions Inc (NASDAQ:DZSI) CFO Mikhail Golomb bought 10,256 shares of the stock in a transaction on Monday, May 20th. The stock was purchased at an average price of $9.75 per share, for a total transaction of $99,996.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

DASAN Zhone Solutions stock opened at $11.50 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.99 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $174.04 million, a price-to-earnings ratio of 57.50 and a beta of 0.66. DASAN Zhone Solutions Inc has a 12 month low of $9.10 and a 12 month high of $15.59.

DASAN Zhone Solutions (NASDAQ:DZSI) last posted its quarterly earnings results on Thursday, May 9th. The communications equipment provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.20) by $0.25. The firm had revenue of $74.09 million during the quarter, compared to analysts’ expectations of $73.00 million. DASAN Zhone Solutions had a return on equity of 5.25% and a net margin of 0.10%. As a group, analysts expect that DASAN Zhone Solutions Inc will post 0.62 earnings per share for the current fiscal year.



Several institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in DASAN Zhone Solutions by 40.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 15,470 shares of the communications equipment provider’s stock valued at $166,000 after purchasing an additional 4,470 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in shares of DASAN Zhone Solutions in the 1st quarter valued at about $240,000. Dimensional Fund Advisors LP boosted its holdings in shares of DASAN Zhone Solutions by 6.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 110,429 shares of the communications equipment provider’s stock valued at $1,181,000 after buying an additional 7,087 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of DASAN Zhone Solutions by 6.3% in the 4th quarter. Geode Capital Management LLC now owns 46,542 shares of the communications equipment provider’s stock valued at $647,000 after buying an additional 2,744 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of DASAN Zhone Solutions by 1.5% in the 4th quarter. Northern Trust Corp now owns 61,018 shares of the communications equipment provider’s stock valued at $849,000 after buying an additional 876 shares in the last quarter. 16.13% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on DZSI shares. Northland Securities reiterated a “buy” rating and set a $20.00 price target on shares of DASAN Zhone Solutions in a research note on Friday, March 1st. ValuEngine raised DASAN Zhone Solutions from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Finally, B. Riley started coverage on DASAN Zhone Solutions in a report on Monday. They issued a “buy” rating and a $19.50 price target for the company.

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DASAN Zhone Solutions Company Profile

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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