Zhone Technologies, Inc. (ZHNE) - NASDAQ
  • Apr. 14, 2015, 10:17 AM
    • Optical networking hardware vendors Ciena (CIEN +5.7%) and Infinera (INFN +2.4%) are higher after Nokia stated it's in talks to merge with Alcatel-Lucent, sparking hopes more telecom equipment industry M&A could be on tap. Microcaps MRV Communications (MRVC +9.7%) and Zhone (ZHNE +6.9%) are also faring well.
    • Ciena and Infinera both compete against Alcatel in the optical transport/switching market. The Street might be betting Ericsson or another rival will respond to a Nokia/Alcatel deal by making an optical acquisition.
    • Infinera (rallying less than Ciena) is a week removed from making a $350M+ bid for Swedish metro optical hardware vendor Transmode. Analyst reactions to the deal, which stands to significantly increase Infinera's metro market reach and European customer base, have been fairly positive
    | Apr. 14, 2015, 10:17 AM
Company Description
Zhone Technologies, Inc. designs, develops and manufactures communications network equipment for telecommunications, wireless and cable operators worldwide. The company's products allow network service providers to deliver video and interactive entertainment services in addition to their... More
Sector: Technology
Industry: Communication Equipment
Country: United States