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Zhone Technologies Inc. Message Board

  • alakamuna alakamuna Nov 20, 2013 11:59 AM Flag

    Research Coverage by Craig-Hallum - Target $8

    From the report:

    "How good can it get? We believe the company’s core business can grow mid-single digits annually and if the company’s FiberLAN products can achieve management’s $20-$40M estimate in 2014, revenue could
    approach $150-$170M which suggests EPS power of $0.40-$0.70. Our respective $133.3M and $0.24 estimates assume only $8.5M. We also note that the company has $1.4 billion in NOL carryforwards and won’t be paying taxes for quite some time."

    Their projections of Revenue and Net Incom (in millions):

    4Q13 - $32.523 - $1.616
    4Q13 - $29.446 - $0.484
    4Q13 - $31.893 - $1.296
    4Q13 - $34.913 - $2.718
    4Q13 - $37.008 - $3.663

    2014 - $133.26 - $8.126
    2015 - $156.07 - $17.87

    I think with JITC Certification achieved, these u=number are credible and conservative. And for now, I am very happy with $8 price target.

    Sentiment: Strong Buy

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