Analysts expect that in the years ahead much of ZyXEL's revenue will come from DSL products in a shift away from pedestrian modems.
As Internet users around the world grow increasingly frustrated with the World Wide Wait, sales of DSL equipment globally is expected to growth at a 111.4 percent compounded average growth rate over the next five years.
Taiwan International sees ZyXEL reaching NT$180 over the next six months, or 60 times its estimate of NT$3.01 in earnings per share this year.
Some positive developments for the company this year was its contract to supply Chunghwa Telecom (中華電信) with ADSL equipment. That deal could contribute NT$500 million to ZyXEL's sales of an estimated NT$280 billion this year. In addition, the deal could add an estimated NT$115 million in earnings.
ZyXEL also recently announced that it would be supplying US Internet service provider Earthlink with ADSL routers.
The company's shares closed at NT$112 on Friday, up NT$6, or 5.3 percent.
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