Matthew W. Bross, a director at DZS Inc. (NASDAQ:DZSI), has recently acquired 1,000 shares of the company's common stock. The transaction, which took place on December 4, 2024, was executed at a price of $0.875 per share, resulting in a total purchase value of $875. The purchase comes as the stock shows strong momentum, posting a 13% gain over the past week. According to InvestingPro analysis, the stock appears undervalued, with analysts setting a $12 price target. Following this acquisition, Bross holds a total of 93,065 shares of DZS Inc. stock, representing a significant stake in the $33 million market cap company. For deeper insights into insider trading patterns and comprehensive financial analysis, InvestingPro subscribers have access to 14 additional expert tips and extensive financial metrics.
In other recent news, DZS Inc. disclosed its Q3 2024 financial results in an earnings call. The company's President and CEO, Charlie Vogt, and Interim CFO, Brian Chesnut, stressed the importance of market risks and uncertainties during the discussion. They focused on non-GAAP metrics and offered future projections, while emphasizing that these forward-looking statements are subject to potential market risks.
The company's leadership team committed to navigating these challenges and capitalizing on growth opportunities despite the volatile market. DZS has made it clear that there were no specific misses reported during the call. Further insights into DZS's operations and expectations were provided during the Q&A session, addressing investor inquiries.
For a more detailed understanding of the risks involved in DZS's projections and forward-looking statements, investors and stakeholders were advised to consult the company's recent press release and SEC filings. These recent developments underscore DZS's continued focus on delivering strong financial performance amid market challenges.
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