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 (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.
DASAN Zhone Solutions (NSDQ: DZSI) announced a partnership with American Fiber Network to enhance broadband services in rural central Illinois. Following a successful fiber overbuild, American Fiber is now offering gigabit internet services, with over 90% of subscribers opting for these high-speed offerings. The collaboration aims to expand access to broadband, transforming Teutopolis into one of the nation’s best-connected communities. The infrastructure is designed to support future 10 gig services, demonstrating strong growth potential for DZS.
DASAN Zhone Solutions (NSDQ: DZSI) announces that ClearFiber has become the first service provider in West Virginia to launch 10 Gbps hyper-broadband services, leveraging DZS's MXK-F Series Platform. The initiative addresses significant broadband gaps in the Monongalia and Marion counties, where prior service was insufficient. With the support of a $1.96 million Community Connect Grant, ClearFiber's fiber-to-the-premises network now serves over 2300 homes, indicating a strong market demand for high-speed internet services.
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