Zhone Technologies (ZHNE) Announces Quarterly Results
Zhone Technologies (NASDAQ:ZHNE) announced its earnings results on Thursday. The company reported $0.05 earnings per share (EPS) for the quarter, Analyst Ratings News reports. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $30.05 million.
Zhone Technologies (NASDAQ:ZHNE) traded up 7.31% on Thursday, hitting $3.23. The stock had a trading volume of 1,031,797 shares. Zhone Technologies has a 52 week low of $0.40 and a 52 week high of $3.89. The stock has a 50-day moving average of $3.08 and a 200-day moving average of $1.82. The company’s market cap is $101.7 million.
On a related note, analysts at TheStreet upgraded shares of Zhone Technologies from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, August 27th.
Zhone Technologies Inc (NASDAQ:ZHNE) designs, develops and manufactures communications networks equipment for telecommunications, wireless and cable operators worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.