In a recent transaction, Charles D. Vogt, President and CEO of DZS Inc. (NASDAQ:DZSI), purchased 10,000 shares of the company's common stock. The acquisition, which took place on December 10, was executed at a price of $0.85 per share, amounting to a total value of $8,500. According to InvestingPro data, the stock is currently trading below its Fair Value, with analysts setting a significantly higher price target of $12.
Following this transaction, Vogt's direct ownership in DZS Inc. increased to 419,946 shares. This latest purchase underscores Vogt's continued investment in the company, which specializes in telephone and telegraph apparatus manufacturing. While the company faces some financial challenges with an EBITDA of -$87.25M in the last twelve months, analysts predict profitability this year. The transaction was disclosed in a Form 4 filing with the Securities and Exchange Commission. InvestingPro subscribers can access 12 additional key insights about DZS Inc.'s financial health and market position.
In other recent news, DZS Inc., a global network access solutions provider, disclosed its third-quarter 2024 financial results. The company's President and CEO Charlie Vogt, along with Interim CFO Brian Chesnut, unveiled the earnings, emphasizing the company's resilience amid market uncertainties. The financial details were presented on a non-GAAP basis, with reconciliations to GAAP figures available in the press release and SEC filings.
Despite the market challenges, DZS remains committed to maintaining robust financial performance. The company did not report any specific misses during the earnings call. Projections for future events and financial performance were provided, albeit with a note of caution due to potential market risks.
The firm's executives held a Q&A session to address investor inquiries, offering further insights into DZS's operations and expectations. Investors were advised to consult the company's SEC filings for a more detailed understanding of the risks involved in DZS's projections and forward-looking statements. These developments are part of a series of recent events concerning DZS.
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