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) news covers developments around its role as a developer of Network Edge and Connectivity systems and Cloud Edge software solutions that enable broadband everywhere. Company press releases highlight how its technology is used by communications service providers and enterprises in broadband access, network edge and cloud-managed environments.
Visitors to this news page can review updates on DZS projects and customer deployments, such as fiber-to-the-premises initiatives in rural areas and fiber-based networking in hospitality and enterprise venues. Recent announcements describe how DZS Velocity fiber access systems, Helix connected edge Wi-Fi solutions and FiberLAN platforms are being deployed to support symmetrical gigabit and multi-gigabit broadband services, as well as advanced communications capabilities in complex properties.
The news feed also includes information on strategic portfolio actions, including the sale of DZS’s service assurance and WiFi management software portfolio to AXON Networks and the sale of its enterprise Industrial IoT solutions portfolio to Lantronix. These items provide context on how the company is concentrating on its broadband networking, connectivity and Cloud Edge software portfolio.
In addition, DZS issues updates on topics such as Build America Buy America (BABA) certification for equipment intended for Broadband Equity, Access, and Deployment (BEAD) Program projects, participation in micro-cap investor conferences, and quarterly financial results. Investors, analysts and industry observers can use this page to follow how DZS positions its networking and broadband solutions, its involvement in government-supported broadband programs, and its ongoing corporate and financial disclosures.
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.
DZS (NASDAQ: DZSI) will present at the FTTH Virtual Conference 2020 on December 2, showcasing advancements in broadband access and their role in 5G deployment. CTO Andrew Bender will lead discussions on 10Gig PON technology, emphasizing its importance in accelerating service provider networks. The EMEA region's FTTH market is projected to grow at a CAGR of 9.5% over five years, driven by increasing demand for fiber and 5G connectivity. DZS is a Gold sponsor of the event, which aims to connect industry leaders for insights on fiber-related innovations.