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MarketScreener Homepage  >  Equities  >  Nasdaq  >  DZS Inc.    DZSI

DZS INC.

(DZSI)
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DASAN Zhone : DZS Launches “RDOF Amplify!” Program Designed to Maximize Fund Recipient Success Across Rural America

10/15/2020 | 05:35am EST

Market leading fiber access vendor offers U.S. Rural Digital Opportunity Fund (RDOF) recipients broadband access solutions designed and manufactured in America

Plano, Texas, USA, Oct. 15, 2020 - DZS(NASDAQ: DZSI), a broadband access innovator and global market leader spanning fixed and mobile optical transport and connected premises solutions for service providers and enterprises, today launched RDOF Amplify!, a program designed to sponsor and assist RDOF recipients who want to achieve the maximum financial and strategic value of their awards. With an extensive portfolio of broadband access and connected home and business solutions complemented by U.S.-based manufacturing, DZS is a valued vendor partner for RDOF recipients who are looking to exploit award funds as a transformational opportunity for their businesses, their communities and their country. DZS has an extensive fixed, mobile and enterprise portfolio, strong fiber edge access and transport expertise and the necessary professional and customer support services to encourage and maximize success.

'Over the last few years, many access vendors have changed their sales models to emphasize a software licensing component that is layered on top of their traditional hardware costs, not unlike what the airlines did when they added baggage fees to develop additional revenue streams from passengers,' said Teresa Mastrangelo, Principal Analyst and Founder of BroadbandTrends. 'Although these costs may seem relatively innocuous in the first year, they add up when accounting for the serviceable life of these products, in some cases doubling the effective cost over time. Given the 10-year duration of RDOF, awardees are encouraged to assess the total cost versus first cost, comparing solution cost with and without annual license fees.'

DZS is accelerating its momentum in the fixed and mobile broadband access markets with its evolving fiber optics portfolio, and with the experience derived from partnering with more than 1,000 customers spanning 100 countries and with 20 million products deployed.

'Through an innovative portfolio of next generation fiber-based access technologies and a new state-of-the-art product development and QA lab at our headquarters in Plano, Texas, DZS is uniquely positioned and best prepared to partner and support our RDOF recipients for years to come,' said Jay Hilbert, DZS executive vice president of Americas Sales. 'With our U.S.-based manufacturing facility near Tampa, Florida, RDOF recipients will be buying products made in the USA and a broadband access portfolio that includes 10Gig, 5G MVNO transport and market-leading enterprise optical LAN (FiberLAN™) capabilities to support indoor coverage for hospitals, campuses, hotels, arenas, and other commercial environments.'

For more information regarding DZS and how RDOF recipients can optimize their capital and operating expense spending over the term of their award, visit https://dzsi.com/rdof-rural-digital-opportunity-funds/.

About DZS

DZS Inc.(NSDQ: DZSI) is a broadband access innovator and global market leader spanning fixed and mobile optical transport and connected premises solutions for service providers and enterprises. A pioneer in disaggregated platforms, SDN, and virtualization, service providers and enterprises look to DZS for the innovation that leads to future-proof networks and outstanding performance. Over 1,000 service providers, operators, and enterprises in over 100 countries have leveraged DZS innovation, open solutions, and agility to arm them with the network resources and deployment freedom they need to lead in their markets and deliver an unrivaled communications experience. With manufacturing, engineering, service and support centers of excellence spread across the globe, DZS is positioned to bring next-generation technologies and world-class solutions to service providers and enterprises who are poised to transform, compete and win.

DZS, the DZS logo, and all DZS product names are trademarks of DZS Inc. Other brand and product names are trademarks of their respective holders. Specifications, products, and/or product names are all subject to change.

This press release contains forward-looking statements regarding future events and our future results that are subject to the safe harbors created under the Private Securities Litigation Reform Act of 1995. These statements reflect the beliefs and assumptions of the Company's management as of the date hereof. Words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'forecast,' 'goal,' 'intend,' 'may,' 'plan,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' variations of such words, and similar expressions are intended to identify forward-looking statements. Readers are cautioned that these forward-looking statements are only predictions and are subject to risks, uncertainties and assumptions that are difficult to predict. The Company's actual results could differ materially and adversely from those expressed in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, those risk factors contained in the Company's SEC filings available at www.sec.gov, including without limitation, the Company's annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statements for any reason.

For further information see: www.DZSi.com.
DZS on Twitter: https://twitter.com/dzs_innovation
DZS on LinkedIn: https://www.linkedin.com/company/DZSi/

Press Inquiries:
McKenzie Hurst, Thatcher+Co.
Mobile: +1 408.888.6787
Email: mhurst@thatcherandco.com

Disclaimer

DASAN Zhone Solutions Inc. published this content on 15 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 October 2020 09:34:05 UTC


© Publicnow 2020
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Financials (USD)
Sales 2020 289 M - -
Net income 2020 - - -
Net Debt 2020 - - -
P/E ratio 2020 24,8x
Yield 2020 -
Capitalization 349 M 349 M -
Capi. / Sales 2020 1,21x
Capi. / Sales 2021 1,09x
Nbr of Employees 750
Free-Float 55,1%
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Mean consensus BUY
Number of Analysts 3
Average target price 20,33 $
Last Close Price 16,12 $
Spread / Highest target 48,9%
Spread / Average Target 26,1%
Spread / Lowest Target 5,46%
Managers and Directors
NameTitle
Charles D. Vogt President, Chief Executive Officer & Director
Min-Woo Nam Chairman
Michael Martin Head-Global Operations
Thomas J. Cancro Chief Financial Officer & Treasurer
Seung Dong Lee Chief Architect
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