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. (DZSI) is a global innovator in broadband networking and telecommunications infrastructure, delivering advanced solutions for service providers and enterprise networks worldwide. This page serves as the definitive resource for official company announcements and industry developments.
Investors and industry professionals will find timely updates including earnings reports, product launches, strategic partnerships, and technology innovations. Our curated collection ensures access to verified information directly from DZS and trusted sources.
Key content categories include financial performance disclosures, network infrastructure advancements, cloud software developments, and market expansion initiatives. All materials maintain editorial rigor to support informed decision-making.
Bookmark this page for streamlined access to DZS's evolving business narrative. Check back regularly for essential updates shaping the future of network connectivity solutions.
DZS (NSDQ: DZSI) announced that President and CEO Charlie Vogt and CFO Thomas Cancro will participate in the Jefferies Virtual Semiconductor, IT Hardware and Communications Infrastructure Summit on September 1, 2020. The event will feature virtual 1x1 meetings from 7:50 AM to 6:40 PM ET, allowing investors and analysts to interact directly with company executives. DZS is recognized as a leader in providing advanced access, transport, and enterprise communications solutions globally, serving over 1,200 clients across more than 120 countries.
DZS (NSDQ: DZSI) announced a partnership with Communication Partner to support Chaco Digital in providing internet services in Argentina's Chaco Province. Utilizing DZS's MXK-F platform and Z-Series optical network terminals, the initiative aims to enhance broadband access and close the digital divide. Chaco Digital has seen rapid subscriber growth since its 2019 launch and plans to expand further by launching services in Barranqueras in November. CommPartner, active in 75 other customers, aims to boost fiber solutions throughout Argentina, leveraging the partnership's success.
DZS (NSDQ: DZSI) has announced a consolidation of its brands and the establishment of a new leadership team to enhance its global reach. New President and CEO Charlie Vogt aims to leverage current market opportunities in 5G and fiber access technologies, supported by the $20 billion Rural Digital Opportunity Fund. The revitalized management team includes industry veterans from GE, Verizon, and Cisco, focused on driving innovation in next-generation broadband access and enterprise technologies. The company is positioned to capitalize on growing broadband demands, particularly in rural areas.
DASAN Zhone Solutions, Inc. (NASDAQ: DZSI) reported a 15.7% decline in net revenues for Q2 2020, totaling $70.5 million compared to $83.7 million in Q2 2019, largely due to COVID-19 impacts. The company experienced a GAAP net loss of $(0.2) million, reflecting a shift from a GAAP net income of $2.4 million in the same quarter last year. However, non-GAAP net income stood at $2.0 million. The company also reported an increased cash position of $38.0 million as of June 30, 2020, and improved gross margins.
DASAN Zhone Solutions (NASDAQ: DZSI) will host a conference call on August 5, 2020, at 5:00 PM ET to discuss its Q2 financial results for the period ending June 30, 2020. A press release detailing the financial results will precede the call. Interested parties can join the call using the U.S. dial-in number or the international number provided. Replay options will be available after the call. The company's innovative communication platforms support over 1200 service providers globally, enhancing their capabilities in the hyper-connected digital landscape.
DASAN Zhone Solutions (DZSI) has partnered with The Kenton Group to aid the rural UK ISP, Airband, in rolling out a hybrid wireless/fibre access infrastructure. This innovative network aims to deliver service bandwidth 20 times faster than before, improving connectivity in underserved areas. Launched in late 2018, the fibre project focuses on expanding gigabit services amid increasing demand for high-speed internet, especially due to remote work trends arising from Covid-19. DZS's technology also allows for a flexible upgrade path, enhancing service offerings for alternative providers like Airband.
DASAN Zhone Solutions (NSDQ: DZSI) announces that StratusIQ, a long-time customer, won the "Best Internet & Broadband Provider" award at the Colorado Springs Business Journal's "Best in Business 2020". StratusIQ's rapid growth in El Paso County is attributed to superior service offerings and leveraging grants for broadband expansion. Since partnering with DZS in 2012, StratusIQ has doubled its subscriber base. The DZS GPON solutions have enabled StratusIQ to align network investments with new subscriber revenues, enhancing agility and operational efficiency.
DASAN Zhone Solutions (DZSI) announced a partnership with Beanfield Metroconnect to enhance broadband services in Montreal, Canada. This collaboration stems from a decade of successful projects, expanding from 2 to over 2,800 buildings served. With Beanfield's recent C$255 million recapitalization, they aim to offer advanced services, including 10-gigabit solutions powered by XGS-PON technology. DZS’s innovative platforms and solutions have positioned it as a leader in the broadband market, facilitating Beanfield's growth in addressing bandwidth demands across urban areas.
DASAN Zhone Solutions (DZSI) announces a significant partnership with Tachus, a fiber overbuilder in suburban Houston. Tachus, utilizing DZS's MXK-F platform and zNID ONTs, has rapidly grown its subscriber base significantly within just nine months. With a remarkable Net Promoter Score of 93 and plans to expand service to an additional 15,000 homes by the end of 2020, Tachus is set to disrupt the broadband market further. DZS continues to support Tachus's ambitious goals, working towards future 10 Gbps services, highlighting DZS’s role as a key enabler in high-speed fiber deployment.
DASAN Zhone Solutions (DZSI) has secured a significant $66 million contract with LG U+ for Fiber-to-the-Home solutions and 5G mobile backhaul switches. This three-year agreement, effective June 1, 2020, establishes DZSI as a strategic supplier, enhancing its market position. The collaboration aims for ultra-low latency in mobile services, addressing increasing demands from applications like 5G, AR/VR, and ultra HD video. With over 1200 clients globally, DZSI continues to innovate, fortifying its role in the hyper-connected landscape.
