DZS Stock - Investors of DZS Stock With Financial Losses Encouraged to Contact Kehoe Law Firm, P.C. - DZSI

PHILADELPHIA, PA / ACCESSWIRE / June 1, 2023 / Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of DZS Inc. ("DZS" or the "Company") (NASDAQ:DZSI).

INVESTORS OF DZS STOCK WHO HAVE SUFFERED FINANCIAL LOSSES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C.

On June 1, 2023, DZS reported that ". . . it will restate its previously issued financial statements for the first quarter of 2023, which ended March 31, 2023. The restatement relates to timing of revenue recognition with respect to two customer projects. The value of the revenue to be restated is approximately $15 million, of which the company anticipates the majority will be recognized during the second and third quarters of 2023."

Shares of DZS were down significantly during intraday trading on June 1, 2023.

SHAREHOLDERS OF DZS STOCK WITH FINANCIAL LOSSES ARE ALSO ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO LEARN MORE ABOUT THE INVESTIGATION OR POTENTIAL LEGAL CLAIMS.

Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.

This press release may constitute attorney advertising.

SOURCE: Kehoe Law Firm, P.C.

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