Zhone Technologies Stock Rating Upgraded by Zacks (ZHNE)
Zhone Technologies (NASDAQ:ZHNE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research report issued on Friday, Analyst RN reports. The firm currently has a $5.90 target price on the stock. Zacks‘ price target would indicate a potential upside of 15.91% from the stock’s previous close.
Separately, analysts at Craig Hallum initiated coverage on shares of Zhone Technologies in a research note to investors on Wednesday, November 20th. They set a “buy” rating on the stock.
Zhone Technologies (NASDAQ:ZHNE) traded up 0.98% on Friday, hitting $5.14. The stock had a trading volume of 242,498 shares. Zhone Technologies has a 52 week low of $0.48 and a 52 week high of $6.40. The stock has a 50-day moving average of $4.92 and a 200-day moving average of $3.22. The company has a market cap of $162.8 million and a P/E ratio of 46.70.
Zhone Technologies (NASDAQ:ZHNE) last announced its earnings results on Thursday, October 17th. The company reported $0.05 earnings per share (EPS) for the quarter. The company had revenue of $31.50 million for the quarter, compared to the consensus estimate of $30.05 million.
Zhone Technologies Inc (NASDAQ:ZHNE) designs, develops and manufactures communications networks equipment for telecommunications, wireless and cable operators worldwide.
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