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Zhone Technologies (NASDAQ:ZHNE) Prime Acquisition Target: +22%

 

Zhone Technologies (NASDAQ:ZHNE) is a popular buy on the exchanges today after announcing its third quarter results last week. Shares of Zhone closed up 22 percent at $2.46 per share on heavy volume of more than 804,000 shares compared to its average daily volume of only 68,000 shares. Is Zhone a prime candidate for a buyout? Some analysts agree. Thursday evening, Zhone Technologies reported revenues of $33.7M, up fractionally year over year. On the surface, Q3 was nothing to get excited about, but the conference call revealed a very different story.

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