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.
DZS Inc. (NASDAQ: DZSI) is a global leader in providing cutting-edge network access solutions and communications platforms. Serving a diverse range of markets spanning the United States, Canada, Latin America, Europe, the Middle East, Africa, Korea, and other Asia-Pacific countries, DZS offers a comprehensive suite of products tailored for service providers and enterprise networks.
DZS Inc. specializes in 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. They also supply central office products, including broadband loop carriers for DSL and voice-grade telephone service, DSL access multiplexers (DSLAMs), and optical line terminals for passive optical distribution networks like GPONs and 10G passive optical networks.
In addition to these offerings, DZS provides Ethernet switching products, mobile backhaul products with standard Ethernet/IP or multiprotocol label switching interfaces, and software-defined networks and network assurance solutions. The company’s extensive portfolio addresses the growing demand for high-speed, reliable, and secure network services worldwide.
Recent achievements for DZS include strategic growth initiatives and partnerships across the Americas and EMEA regions. The company is currently focused on several high-impact projects, such as closing the divestiture of its Asia business unit, optimizing its cost structure, and completing financial restatements for various reporting periods in 2022 and 2023.
DZS’s latest innovations are designed to capture market share in an increasingly competitive environment. Their Velocity portfolio of optical line terminals, including the award-winning DZS Velocity V6, are leading environmentally hardened, multi-gigabit, fiber access platforms with market-leading capacity and performance capabilities.
The Saber platform offers groundbreaking, cost-effective deployment of coherent optics in remote and rural locations, enabling long reach, low latency services for residential and enterprise networks. Their Cloud Edge portfolio, driven by AI and machine learning, powers over 50 million subscribers globally with real-time network optimization capabilities.
The Subscriber Edge solutions include the DZS Helix portfolio of residential and business Optical Networking Terminals (ONTs), access points, and WiFi-enabled gateways, enhancing end-user experience significantly. Major service providers like Orange and Vianet have chosen DZS products to deliver superior broadband services.
To learn more about DZS Inc. and their innovative solutions, visit https://www.dzsi.com.
DZS has successfully completed the acquisition of Optelian, enhancing its mobile transport portfolio and 5G roadmap. This acquisition includes Optelian’s optical transport solutions, which have achieved Telcordia OSMINE certification for deployment by Tier I service providers. The newly branded O-series will offer advanced optical solutions designed for 5G networks, delivering flexibility, scalability, and ultra-low latency. DZS aims to align with customer needs in the evolving broadband landscape, further strengthening its position in the market.
DZS Inc. (NASDAQ: DZSI) announced a priced public offering of 4 million shares at $14.00 per share, potentially raising approximately $56 million in gross proceeds. The underwriters have a 30-day option for an additional 600,000 shares. Proceeds will be used to repay loans to DASAN Networks and for general corporate purposes. The offering is expected to close on January 29, 2021, facilitated by Stifel, Needham & Company, and B. Riley Securities. The offering is part of the Company’s shelf registration statement filed with the SEC.
DZS Inc. (NASDAQ: DZSI) announced an underwritten registered public offering of its common stock. The company may grant underwriters a 30-day option to purchase an additional 15% of the shares sold. Proceeds will be used to repay loans to DASAN Networks and for general corporate purposes, including potential acquisitions. The offering is subject to market conditions, and the exact terms will be detailed in a prospectus supplement filed with the SEC.
DZS (NASDAQ: DZSI) has announced a definitive agreement to acquire Optelian, a leader in optical networking solutions. This acquisition aims to enhance DZS's Mobile Transport portfolio and expand its Tier 1 North American customer base. Optelian's products have completed the necessary certification for deployment by major service providers, supporting DZS's offerings in 4G and 5G xHaul networks. The transaction is expected to bolster DZS's R&D and operations and contribute to a comprehensive solutions portfolio that combines optical and packet-based networking options.
DZS Inc. (NASDAQ: DZSI), a leader in mobile and fixed broadband solutions, will present at the 23rd Annual Needham Growth Conference on January 11, 2021, at 9:15 a.m. ET. CEO Charlie Vogt and CFO Tom Cancro will lead the presentation, which will be accessible via audio webcast on the DZS Investor Relations website. DZS has over 20 million products deployed globally across 1,000+ service providers in more than 100 countries, emphasizing its extensive reach and innovative solutions in the networking industry.
DZS (NASDAQ: DZSI) has announced the appointment of Matt Bross and Barbara Carbone as new members of its Board of Directors. Bross, a telecom industry veteran, has held key roles at Huawei Technologies and British Telecom, while Carbone brings extensive experience as a partner at KPMG. Their expertise is expected to bolster DZS's focus on innovation and growth in areas such as 5G, Broadband Access, and Fiber-based Enterprise Solutions. The new appointments come as Rolf Unterberger and Seong Gyun Kim step down from the board, having served since 2018 and 2016 respectively.
DZS (NASDAQ: DZSI) has joined the O-RAN Alliance, Telecom Infra Project, and renewed its membership with the Broadband Forum, emphasizing its commitment to open standards and cross-industry collaboration. The company aims to drive transformation in the communications industry by partnering with innovators to enhance modern networks, including the world's first fully virtualized, cloud-native mobile network with Rakuten. DZS's strategy focuses on software-defined networks, enabling customer choice without vendor lock-in.
DZS, a leader in broadband and access networking solutions, has appointed two new executives: Jay Hilbert as Executive Vice President of AEMEA Sales and Bill Ko as Executive Vice President of Asia Sales. These appointments aim to enhance customer engagement and expand the adoption of innovative technologies like Open-RAN and FTTP. The company emphasizes growth opportunities driven by 5G advancements and government broadband initiatives. DZS is committed to fostering a customer-first culture and increasing market share globally.
DZS (NASDAQ: DZSI) is enhancing its partnership with Grain Connect to extend its fiber broadband network across the UK. The collaboration leverages DZS's point-to-point Ethernet technology, which offers speeds up to 25 times faster than the average UK broadband. This technology supports high density with symmetrical gigabit services, providing reliable connections crucial for increased remote activities during the pandemic. With only 15% of the UK having direct fiber access, Grain aims to tap into a significant market opportunity, reflecting strong growth potential.
DZS (NASDAQ: DZSI) announces its partnership with KCOM to enhance broadband services in East Yorkshire and North Lincolnshire, delivering up to 900Mbps gigafast speeds. This initiative addresses the growing demand for reliable internet amid the pandemic. KCOM's CEO emphasized the importance of expanding their fiber footprint using DZS technologies, which have supported KCOM for over 20 years. DZS continues to innovate in broadband access solutions, benefiting service providers and enterprises worldwide.
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