DZS Inc. provides network access solutions and communications platforms for service provider and enterprise networks in the Americas, Europe, the Middle East, Africa, and Asia. It offers mobile transport products, including standard Ethernet/IP or multiprotocol label switching interfaces and interoperate to mobile operators that enables them to upgrade their mobile fronthaul/backhaul systems and migrate to 5G and beyond; broadband access products, which consists of switching and routing products to carriers and service providers to connect residential and business customers; and connected premises products, comprising of indoor/outdoor optical network terminal gateways. The company also provides software and services, which consists of software defined networking orchestration solutions, network function virtualization, and professional and technical support services. The company was formerly known as DASAN Zhone Solutions, Inc. and changed its name to DZS Inc. in August 2020. The company was founded in 1996 and is based in Plano, Texas.
IPO Year:
Exchange: NASDAQ
Website: dzsi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/1/2023 | Outperform → Market Perform | Northland Capital | |
| 12/19/2022 | $25.00 | Outperform | Cowen |
| 3/1/2022 | $20.00 | Buy | Stifel |
| 2/14/2022 | $22.00 → $25.00 | Buy | B. Riley Securities |
| 2/14/2022 | $18.00 → $20.00 | Buy | Needham |
Texas BOOT II funded fiber-to-the-home project to bring symmetrical gigFAST INTERNET® to over 10,000 rural locations DALLAS, Feb. 26, 2025 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced that Rural Telecommunications America (RTA), a leading provider of next-generation internet services to rural communities across the United States, has chosen leading-edge DZS Velocity fiber access systems and Helix connected edge Wi-Fi solutions to deliver "gigFAST® " internet services to 10,471 unserved rural broadband subscriber locations in Bastrop County, Texas. RTA, which
DALLAS, Dec. 16, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Network Edge and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced that The George, a state-of-the-art hospitality venue in the heart of Tel Aviv, Israel, is leveraging DZS FiberLAN technology as the backbone of its next-generation communications infrastructure. Powered by Gigabit Passive Optical Networking (GPON) technology capable of delivering gigabit services to every room, meeting area, office, entertainment venue, and restaurant throughout the building, FiberLAN has helped The George rapidly stand-out as a preferred destination for visitors and locals within Te
DALLAS, Nov. 07, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Networking and Connectivity systems and Cloud Edge software solutions enabling broadband everywhere, today announced the sale of its enterprise Industrial Internet of Things (IoT) solutions portfolio to Internet of things and remote environment management leader Lantronix. The all-cash, $6.5 million transaction transfers the DZS portfolio of Industrial IoT solutions to Lantronix as well as the associated development, product and sales resources. The divestiture strengthens DZS' balance sheet and enables the company to focus its development and sales resources on its core Networking, Connectivity and Cloud Edge Softwar
DALLAS, Oct. 25, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere, today announced it has completed the sale of its service assurance and WiFi management software portfolio to AXON Networks (AXON). "The closing of the sale of our Expresse, CloudCheck, and TruSpeed assets and IP patents to AXON Networks represents a win for DZS, AXON and customers," said Charlie Vogt, President and CEO, DZS. "DZS will focus its development and go-to-market strategy on its core broadband Networking, Connectivity and Cloud Edge software portfolio." About DZS DZS (OTC:DZSI) a developer of Network Edge, Connec
DALLAS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere, today announced that it will host an earnings call to discuss its financial results for the third quarter of 2024. Conference Call Details:Date: Wednesday, November 6, 2024Time: 11:00 a.m. EDTParticipant Toll-Free: (800) 715-9871Conference ID: 5468431Webcast: https://edge.media-server.com/mmc/p/7mk5mfpr/ About DZS DZS Inc. (OTC:DZSI) is a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc.
DZS among five NTIA certified compliant U.S. telecom electronics equipment manufacturers, offers a wide range of future-ready fiber access solutions DZS and manufacturing partner Fabrinet are building BEAD-ready fiber optic equipment in the U.S. todayDZS has an extensive portfolio of fiber access, optical transport and cloud-software solutions that provide end-to-end support for BEAD deploymentsDZS has decades-long U.S. manufacturing history featuring proven, environmentally hardened solutions ideally suited for rural and unserved areas DALLAS, Oct. 22, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broa
Transaction expands the strategic partnership between both companies and enables DZS to focus on its category-defining Broadband Networking, Connectivity and Cloud Edge portfolio DALLAS and IRVINE, Calif., Oct. 16, 2024 /PRNewswire/ -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled develo
DALLAS and IRVINE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled development team and long-time marquee customers. These products will be integrated into AXON's Network-as-a-Service (NaaS) portfolio, while DZS will focus its development and go-to
DALLAS, Oct. 07, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Networking, Connectivity, and Cloud Automation and Orchestration solutions enabling broadband everywhere, today announced that Beanfield, owner and operator of the largest independent fiber network in Toronto and Montreal, has deployed DZS Velocity fiber access platforms and Helix optical network terminals (ONTs) to deliver among the fastest internet speeds in Canada. Beanfield is leveraging DZS' market-leading technology to offer its residential and business subscribers multi-gigabit services up to 8 Gigabits per second (Gbps) in multiple dwelling units (MDUs) in many of Canada's largest cities. "We have worked wi
DALLAS, Sept. 13, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Networking and Connectivity solutions enabling broadband everywhere, today announced that Chief Financial Officer (CFO) Misty Kawecki will step down at the end of September following the successful completion of the company's financial restatement. "The Board of Directors and I appreciate Misty guiding us through the completion of our restatement process," said Charlie Vogt, President and CEO, DZS. "With the restatement now behind us, and our regional go-to-market strategy squarely focused on North America, EMEA and ANZ following the divestiture of the Asia business and our acquisition of NetComm, we must turn t
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DALLAS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere, today announced that it will host an earnings call to discuss its financial results for the third quarter of 2024. Conference Call Details:Date: Wednesday, November 6, 2024Time: 11:00 a.m. EDTParticipant Toll-Free: (800) 715-9871Conference ID: 5468431Webcast: https://edge.media-server.com/mmc/p/7mk5mfpr/ About DZS DZS Inc. (OTC:DZSI) is a global leader of Networking, Connectivity and Cloud Edge software solutions enabling broadband everywhere. DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc.
Transaction expands the strategic partnership between both companies and enables DZS to focus on its category-defining Broadband Networking, Connectivity and Cloud Edge portfolio DALLAS and IRVINE, Calif., Oct. 16, 2024 /PRNewswire/ -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled develo
DALLAS and IRVINE, Calif., Oct. 16, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a global leader of Networking, Connectivity and Cloud Edge software solutions and AXON Networks (AXON), a global leader of advanced Service Management and Orchestration solutions, today announced the acquisition of DZS' Service Assurance and WiFi Management software portfolio by AXON Networks. The all-cash, $34 million transaction transfers all CloudCheck, Expresse and TruSpeed assets and IP patents to AXON, along with a highly skilled development team and long-time marquee customers. These products will be integrated into AXON's Network-as-a-Service (NaaS) portfolio, while DZS will focus its development and go-to
DALLAS, Sept. 03, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Networking and Connectivity solutions enabling broadband everywhere, today announced it has filed Q2 2024 financial results. "The second quarter of 2024 represented a defining period for DZS," said Charlie Vogt, President and CEO, DZS. "Foremost, we are now current with all restated and delayed Form 10-Q and 10-K filings with the SEC through Q2 2024. From a sales and financial performance perspective, we continue to make progress with our key priorities of 1) creating high-quality, differentiated broadband access solutions for our valued customers, 2) delivering product on-time, 3) optimizing our cost structure and
DALLAS, Texas, Aug. 27, 2024 (GLOBE NEWSWIRE) -- DZS (OTC:DZSI), a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere, today announced that it will host an earnings call to discuss its financial results for all of 2022, 2023, and for the first and second quarters of 2024. Conference Call Details:Date: Thursday, September 5, 2024Time: 11:00 a.m. EDTParticipant Toll-Free: (800) 715-9871Conference ID: 3713874Webcast: https://edge.media-server.com/mmc/p/55un3fjz About DZS DZS Inc. (OTC:DZSI) is a developer of Network Edge, Connectivity and Cloud Software solutions enabling gigabit broadband everywhere. DZS, the DZS logo, and all DZS p
DALLAS, May 06, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and software-defined cloud solutions, today announced a binding agreement to acquire NetComm Wireless Pty Ltd. (NetComm). The acquisition of NetComm's Fiber Extension, Fixed Wireless Access (FWA), Home Broadband and Industrial Internet of Things (IoT) products and patents combined with DZS' category defining broadband networking and cloud software solutions will create one of the world's most comprehensive and technologically advanced last mile broadband access portfolios. NetComm has approximately 50 active communications service provider (CSP) and enterprise customers in the United States
DALLAS, Jan. 05, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and AI-driven cloud software solutions, today announced it has secured $25 million in debt and equity funding and signed a definitive agreement to divest its Asia business, creating a broadband networking and AI-driven software pure play focused on the Americas, Europe, Middle East, and Africa (EMEA), and Australia/New Zealand (ANZ) regions. On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to Korea-based DASAN Networks Inc. (DNI), a significant stockholder of DZS, for $48 million, consisting of $5 million of cash and the elimination of approximately $43 million of
DALLAS, May 08, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced financial results for its first quarter ended March 31, 2023. "Q1 revenue of $91 million resulted in an 18% increase year-over-year and 23% increase on a constant currency basis. While near-term macroeconomic conditions, slower than expected government disbursements, and timing with certain deployment schedules are impacting maximum growth potential, DZS continues to make encouraging progress in positioning the company to benefit from what will be a long-term secular growth trend," said Charlie Vogt, President and CEO of DZS. "Whil
DALLAS, April 25, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader in access and optical edge infrastructure and cloud software solutions, will release financial results for the first quarter of 2023 after the market closes on Monday, May 8, 2023 via an earnings press release. DZS will host a conference call the same day at 5:00 p.m. ET / 4:00 p.m. CT. A live webcast of the call and the replay will be available in the investors section of the DZS website at http://investor.dzsi.com. Conference Call Details:Date: Monday, May 8, 2023Time: 5:00 p.m. Eastern Time (4:00 p.m. Central Time)Dial-In: (800) 715-9871Conference ID: 8318114 Please join the conference call at least five mi
DALLAS, Feb. 16, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced financial results for its fourth quarter ended December 31, 2022. "Despite a challenging supply chain environment and a strong US dollar in 2022, we remain encouraged and optimistic about our 2023 sales prospects and financial outlook. We recently hosted our inaugural Horizons Innovation & Technology Summit, which brought together marquee customers, prospective customers and technology luminaries validating our vision, go-to-market strategy, and technology roadmap. I am pleased to share that recently two tier 1 service providers s
Northland Capital downgraded DZS Inc. from Outperform to Market Perform
Cowen initiated coverage of DZS Inc. with a rating of Outperform and set a new price target of $25.00
Stifel resumed coverage of DZS Inc. with a rating of Buy and set a new price target of $20.00
B. Riley Securities reiterated coverage of DZS with a rating of Buy and set a new price target of $25.00 from $22.00 previously
Needham reiterated coverage of DZS with a rating of Buy and set a new price target of $20.00 from $18.00 previously
Needham initiated coverage of DZS with a rating of Buy and set a new price target of $26.00
Stifel Nicolaus initiated coverage of DZS with a rating of Buy and set a new price target of $22.00
Needham & Company LLC initiated coverage of DZS with a rating of Buy and set a new price target of $23.00
Stifel initiated coverage of DZS with a rating of Buy and set a new price target of $22.00
Stifel Nicolaus initiated coverage of DZS with a rating of Buy
DALLAS, April 25, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced it has appointed Scott St. John as Chief Customer Officer, reporting directly to CEO Charlie Vogt. Mr. St. John will be responsible for leading global sales for DZS and will be focused on driving accelerated revenue growth across the Americas and Europe, Middle East and Africa (EMEA) and Australia/New Zealand (ANZ) regions. Communication service providers (CSPs) in these regions continue to undergo a multi-year broadband networking upgrade cycle with a shift towards open and software defined networking, supported by "broadband everyw
DALLAS, April 22, 2024 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of broadband networking and AI-driven cloud software solutions, today announced that Brian Chesnut has been appointed as the company's Chief Accounting Officer (CAO), reporting directly to Chief Financial Officer (CFO), Misty Kawecki. Mr. Chesnut will be responsible for working closely with the CFO, senior leadership and the company's new independent public accounting firm, BDO USA, overseeing all corporate accounting functions including reporting, governance and internal controls. "The leadership team and Board of Directors recognized the importance of making this critical role part of our senior management
DALLAS, July 12, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced that it has appointed Daniel Won Chief Operating Officer for Asia and Gunter Reiss Chief Customer Officer for the Americas, Europe, Middle East and Africa (AEMEA) regions. Both executives will report to DZS President and Chief Executive Officer Charlie Vogt. Won will be responsible for sales and regional operational activities for the Asia region and Reiss will oversee sales, marketing and business development for AEMEA. "This new leadership structure allows us to implement the required product, sales and operational strategy alig
DALLAS, Jan. 17, 2023 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader of access, optical and cloud-controlled software defined solutions, today announced that it has appointed Tom Carter Chief Customer Officer for the Americas and Europe, Middle East and Africa (AEMEA). Carter previously led global sales for Blue Planet, Ciena's software business unit. Carter joins DZS following a period of extraordinary transformation since Charlie Vogt was named CEO in August of 2020. During this time, the company has secured more than 200 new customers, accelerated its market growth in North America, EMEA and Southeast Asia, and acquired two cloud-controlled software defined networking businesses
DALLAS, Feb. 22, 2022 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader in access networking and cloud software solutions, today announced the appointment of Andrew Finkelstein as Senior Vice President, North America Sales. Mr. Finkelstein joins DZS from Casa Systems, bringing two decades of fixed and mobile access networking experience to DZS as well as long-term customer and channel partner relationships across the region. In 2021, DZS achieved record orders, revenue and backlog while adding a record 53 new customers in the Americas region. Revenue from the region increased 64% and orders doubled year-over-year. Looking to build on this momentum, Mr. Finkelstein will lead North Ame
PLANO, Texas, Aug. 02, 2021 (GLOBE NEWSWIRE) -- DZS (NASDAQ:DZSI), a global leader in optical and packet-based mobile transport, broadband connectivity, and software defined networking solutions, today announced the appointment of Misty Kawecki as Chief Financial Officer, effective immediately. Ms. Kawecki brings over 24 years of progressive finance and accounting experience at Big 4 accounting firms and public, private and private equity-owned companies to the role and will serve as a strategic advisor to CEO Charlie Vogt and the Board of Directors. She succeeds Tom Cancro, who served as CFO since 2019. "On behalf of the Board and management team, I want to thank Tom for his many contrib
PLANO, Texas, April 06, 2021 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader of packet-based mobile transport, broadband access, network orchestration and cloud-native automation solutions, today announced the appointment of Erwin Trautmann as Vice President, EMEA Sales. A proven technology sales and business development leader with three decades of experience in EMEA, Trautmann will be responsible for revenue growth spanning the company’s market-leading broadband access, mobile transport, network orchestration & software automation and fiber-based enterprise solutions. Mr. Trautmann will be based in Frankfurt, Germany and will report to Jay Hilbert, Executive Vice President of Am
PLANO, Texas, Jan. 04, 2021 (GLOBE NEWSWIRE) -- DZS (NASDAQ: DZSI), a global leader of mobile, fixed broadband and enterprise access networking solutions representing 1,000+ communications service providers and enterprise customers, today announced the appointment of two new members to its Board of Directors: Matt Bross, a technology veteran known for his leadership at Huawei Technologies and British Telecom, and Barbara Carbone, known for her work transforming businesses as a partner at KPMG. “We are thrilled to welcome Matt and Barbara to the DZS Board of Directors, both of whom bring a wealth of knowledge and experience to DZS especially at a time when we are laser focused on innovatio
PLANO, Texas, Dec. 15, 2020 (GLOBE NEWSWIRE) -- DZS (Nasdaq: DZSI), a global leader of mobile, fixed broadband and enterprise access networking solutions representing 1,000+ communications service providers and enterprise customers, today announced the appointment of two accomplished leaders charged with expanding the adoption of the company’s latest innovations and cultivating a customer-first culture. Jay Hilbert has been named Executive Vice President of Americas, Europe, Middle East/Africa (AEMEA) Sales and Bill Ko has been appointed Executive Vice President of Asia Sales. A trusted access networking innovator and technology partner to many of the world’s most admired communicat
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