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Zhone Technologies Inc. Message Board

  • alakamuna alakamuna Sep 16, 2013 11:48 AM Flag

    ZACKS : Can Rally in Zhone Shares Continue?

    Can the Rally in Zhone Technologies Inc (ZHNE) Shares Continue?
    September 16, 2013
    by Zacks Equity Research
    September 16, 2013

    Zhone Technologies Inc (ZHNE) has been on the move lately as the stock has risen by 42.1% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on investors’ minds right now is; can this trend continue?

    While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on ZHNE is moving in the right direction. In fact, the stock currently has a Zacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company.

    Sentiment: Strong Buy

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