Russell 3000 reshuffle: AAOI, PWFL among added, CMBM, DZS among deleted
Seeking Alpha News (Thu, 30-May 11:06 AM ET)
Globe Newswire (Wed, 29-May 8:00 AM ET)
DZS Inc. Receives Expected Nasdaq Notice Regarding Late Form 10-Q Filing
Globe Newswire (Fri, 17-May 4:30 PM ET)
DZS to Acquire Subscriber Access Technology Leader NetComm
Globe Newswire (Mon, 6-May 4:30 PM ET)
DZS Appoints Scott St. John as Chief Customer Officer
Globe Newswire (Thu, 25-Apr 8:00 AM ET)
DZS Receives Favorable Nasdaq Listing Decision
Globe Newswire (Wed, 24-Apr 8:00 AM ET)
DZS Appoints Brian Chesnut as Chief Accounting Officer
Globe Newswire (Mon, 22-Apr 8:00 AM ET)
DZS Completes Divestiture of Asia Business
Globe Newswire (Fri, 5-Apr 8:00 AM ET)
The City of Cabot and Connect2First Bridge Digital Divide in Arkansas with Help from DZS and Irby
Globe Newswire (Mon, 25-Mar 8:00 AM ET)
Globe Newswire (Wed, 20-Mar 8:00 AM ET)
DZS Inc is a provider of network access solutions. It designs, develops, and manufactures communications network equipment for telecommunications operators and enterprises. The firm provides solutions in the following areas: broadband access, middle-mile optical transport, and networks orchestration, network assurance, and Wi-Fi management software. Its primary geographic markets are the Americas, Europe, Middle East, Africa, Australia, and New Zealand.
DZS trades on the NASDAQ stock market under the symbol DZSI.
As of May 30, 2024, DZSI stock price was flat at $1.53 with 108,972 million shares trading.
DZSI has a beta of 2.44, meaning it tends to be more sensitive to market movements. DZSI has a correlation of 0.07 to the broad based SPY ETF.
DZSI has a market cap of $57.46 million. This is considered a Micro Cap stock.
Last quarter DZS reported $91 million in Revenue and -$.06 earnings per share. This fell short of revenue expectation by $-4 million and missed earnings estimates by -$.01.
In the last 3 years, DZSI stock traded as high as $23.48 and as low as $.95.
The top ETF exchange traded funds that DZSI belongs to (by Net Assets): IWM, VTI, IWN, VXF, VTWO.
DZSI stock has underperformed the market in the last year with a return of -76.9%, while SPY returned +26.0%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DZSI shares. However, DZSI has outperformed the market in the last 3 month and 2 week periods, returning +4.1% and +0.7%, while SPY returned +3.2% and -1.4%, respectively. This indicates DZSI has been having a stronger performance recently.
DZSI support price is $1.39 and resistance is $1.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DZSI stock will trade within this expected range on the day.