It is very rare to find a company whose stock has recently doubled that remains undervalued and simultaneously offers investors significant upside potential in both the near and long-term. Although rare, this seems to be the case with Zhone Technologies (ZHNE), a company offering FTTX networking access solutions. After seeing its legacy business decline for six straight years, the company is now poised to return to a strong growth curve due to a number of new product releases that will have a significant impact on its underlying profitability.
To a large extent, Zhone's conference call last week was the watershed moment for the stock. Until then, investors had been left in the dark about what effect these new products would
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