DZS Sells Enterprise IoT Portfolio to Lantronix for $6.5 Million
DZS INC (DZSI)
Last dzs inc earnings: 3/5 04:02 pm
Check Earnings Report
US:NASDAQ Investor Relations:
dasanzhone.com/about/investor-relations
Company Research
Source: GlobeNewswire
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 Software portfolio. The acquisition for Lantronix enhances its internet of things (IoT) product portfolio, adds approximately 60 customers including several new marquee customers and expands its footprint spanning the United States, Europe and Australia. “When we acquired NetComm in June, our investmen
Show less
Read more
Impact Snapshot
Event Time:
DZSI
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
DZSI alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
DZSI alerts
High impacting DZS INC news events
Weekly update
A roundup of the hottest topics
DZSI
News
- DZS, Inc. (DZSI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Shareholders to Contact the Firm to Learn More About the InvestigationAccesswire
- Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against DZS, Inc. (DZSI) And Encourages Stockholders to Reach OutAccesswire
- Bronstein, Gewirtz & Grossman, LLC Is Investigating DZS, Inc. (DZSI) And Encourages Stockholders to ConnectAccesswire
- DZS Inc. Being Investigated on Behalf of DZS Inc. Investors. Contact Levi & Korsinsky For Details.Accesswire
- DZS, Inc. (DZSI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the InvestigationAccesswire
DZSI
Sec Filings
- 11/12/24 - Form 10-Q
- 11/7/24 - Form 8-K
- 11/6/24 - Form 8-K
- DZSI's page on the SEC website