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 (OTC: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions, has announced it will host an earnings call on Thursday, September 5, 2024, at 11:00 a.m. EDT. The call will discuss financial results for all of 2022, 2023, and the first and second quarters of 2024. This comprehensive earnings call suggests that DZS is catching up on financial reporting, potentially addressing previous delays or issues. Investors and analysts can join via a toll-free number or webcast. The announcement of multiple years' results in one call is unusual and may indicate significant developments or changes in the company's financial situation.
DZS (OTC: DZSI) has filed its Q1 2024 financial results, marking the completion of restatements for 2022 and 2023. The company has divested its low-margin Asia business, acquired NetComm's business, and raised approximately $40 million in the first half of 2024. DZS reported a 33% reduction in operating expenses in Q1 2024 compared to 2022 and has $102 million in scheduled backlog. The company is focusing on converting $31.8 million of paid inventory to cash and capitalizing on its sales pipeline. DZS noted an industry-wide pause in capital investments due to inventory over-rotation and delays in government broadband stimulus programs. The company is now current with SEC filings through Q1 2024 and plans to host an earnings call to discuss restated results after releasing Q2 2024 financials.
DZS (OTC: DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions, has completed the restatement of its financial results for 2022 and Q1 2023, and filed reports for the remaining periods in 2023. The company is now current with its SEC filings through 2023. Despite facing market challenges in 2023, DZS advanced its technology and accelerated customer trials. The restatement resulted in $17 million of revenue from 2022 being deferred, while in 2023, $200K of previously-deferred revenue was recognized. As of December 31, 2023, DZS had a cash balance of $21 million and approximately $75 million in inventory. The company is focusing on advancing its broadband portfolio, implementing AI and security, and optimizing operational costs.
DZS (Nasdaq: DZSI) has received a delisting notice from Nasdaq due to failure to meet the August 5, 2024 deadline for regaining compliance with periodic filing obligations. Trading of DZS common stock will be suspended on August 8, 2024. The company is working to complete restatements and file delayed reports, including Quarterly Reports for Q2, Q3 2023, and Q1 2024, as well as the 2023 Annual Report. DZS plans to apply for relisting on Nasdaq once filings are complete, but success is not guaranteed. In the interim, DZS expects its shares to trade over-the-counter under the DZSI ticker. The company cites the impact of its recently divested Asia business and acquisition of NetComm as factors in the delay. DZS plans to host an earnings call after filing all restated and delayed reports, including Q2 2024.
DZS (Nasdaq: DZSI) announces a breakthrough in optical transport technology with remote in-band management capabilities for 100G/400G on its Saber 4400 platform. This innovation will be showcased at Fiber Connect 2024 in Nashville. The new feature enables efficient management of QSFP-DD DCO optics, eliminating the need for dedicated fiber or channels for management.
Key benefits include:
- Reduced space and power requirements
- Improved time-to-market and flexibility
- Cost-effective deployment of high-speed transport at the network edge
- Compatibility with DZS Xtreme Transport Cloud Manager for remote management
This advancement addresses challenges in deploying coherent optics in remote locations, potentially revolutionizing edge transport economics for service providers.
DZS (Nasdaq: DZSI) has completed its acquisition of NetComm Wireless, enhancing its portfolio with comprehensive broadband networking, connectivity, and cloud software solutions. This strategic move expands DZS's market reach across the Americas, Europe, Middle East, Africa, and Australia/New Zealand. The acquisition brings new technologies such as WiFi 6/6E/7, 4G/5G Fixed Wireless Access (FWA), and Industrial Internet of Things (IIoT) solutions, strengthening DZS's position in the broadband market. EdgeCo , an investment firm, has increased its support for DZS, aligning with the company's growth strategy. The integration is expected to benefit service providers and enterprise customers with a robust, flexible, and intelligent broadband portfolio.
DZS (Nasdaq: DZSI), a leader in Network Edge, Home/Enterprise Connectivity, and Cloud Software solutions, announced that their client, Tachus Fiber Internet, received top accolades for broadband service in the Southwestern U.S. from OPENSIGNAL. Tachus was awarded for providing superior broadband quality, video experience, and download/upload speeds.
Additionally, Tachus won the 2024 Cornerstone Award for 'Best Local Provider of the Year' from Broadband Communities. Tachus now serves over 45,000 residential and SMB subscribers across a 150,000-home footprint. The company attributes its success to DZS's advanced technology, including the DZS Velocity V16 systems and Helix ONTs, which enhance broadband speed and reliability.
CEO Hal Brumfield emphasized the importance of DZS's technology in achieving these milestones and plans to leverage DZS's innovations for future growth. DZS's Chief Customer Officer, Scott St. John, praised Tachus's commitment to technological excellence.
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.
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