Zhone Technologies Inc. ZHNE was a big mover last session, as the company saw its shares rise almost 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up nearly 44% in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Zhone currently has a Zacks Rank #3 (Hold).
A well-placed stock in the same space is InterDigital, Inc. IDCC sporting a Zacks Rank #1 (Strong Buy).
Is ZHNE going up? Or down? Predict to see what others think: Up or Down
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