Welcome to our dedicated page for DZS news (Ticker: $DZSI), a resource for investors and traders seeking the latest updates and insights on DZS stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DZS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DZS's position in the market.
DZS announced it received a delinquency notification from Nasdaq on May 14, 2024, for failing to file its quarterly report for Q1 2024 on time. This notification has no immediate effect on the listing or trading of its stock. The company had previously failed to file quarterly and annual reports for periods ending June 30, 2023, September 30, 2023, and December 31, 2023. DZS has submitted a plan to regain compliance and aims to file all outstanding reports by August 5, 2024. The company is diligently working to complete these filings and meet Nasdaq's continued listing requirements.
DZS (Nasdaq: DZSI) announced the acquisition of NetComm Wireless Pty , enhancing its broadband networking and cloud software portfolio. The deal brings in NetComm's products and patents, expanding DZS' last-mile broadband access offerings. The acquisition, expected to close in Q2 2024, includes technology synergies, onboarding of NetComm employees, and a customer base across various regions. DZS will pay $7 million at closing, with a potential earn-out of up to $3 million based on 2024 revenue targets.