Alliance Fiber Optic Products Inc (AFOP) is Downgraded by Needham to Hold

Alliance Fiber Optic Products Inc (AFOP) was Downgraded by Needham to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Needham advised their investors in a research report released on Apr 11, 2016.

Many Wall Street Analysts have commented on Alliance Fiber Optic Products Inc. Alliance Fiber Optic Products Inc was Downgraded by Needham to ” Hold” on Apr 11, 2016. Alliance Fiber Optic Products Inc was Downgraded by Sidoti to ” Neutral” on Apr 8, 2016.

On the company’s financial health, Alliance Fiber Optic Products Inc reported $0.05 EPS for the quarter, missing the analyst consensus estimate by $ -0.19 based on the information available during the earnings call on Feb 18, 2016. Analyst had a consensus of $0.24. The company had revenue of $16.42 million for the quarter, compared to analysts expectations of $18.91 million. The company’s revenue was down -12.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.25 EPS.

Alliance Fiber Optic Products Inc opened for trading at $18.44 and hit $18.5 on the upside on Monday, eventually ending the session at $18.5, with a gain of 0.27% or 0.05 points. The heightened volatility saw the trading volume jump to 20,23,151 shares. Company has a market cap of $292 M.

In a different news, on Nov 16, 2015, James Yeh (director) sold 30,000 shares at $14.19 per share price. According to the SEC, on Jul 29, 2015, Anita K Ho (Acting CFO) sold 3,221 shares at $21.17 per share price. On Jul 27, 2015, Ray Rei-kung Sun (director) sold 3,500 shares at $21.59 per share price, according to the Form-4 filing with the securities and exchange commission.

Alliance Fiber Optic Products Inc. designs manufactures and markets a range of fiber optic components and integrated modules incorporating these components. The Company offers its products to communications equipment manufacturers and service providers. It offers a range of products including interconnect devices that connect optical fibers and components couplers and splitters that divide and combine optical power and dense wavelength division multiplexing devices that separate and combine multiple specific wavelengths. The Company’s lines of optical products support the optical network systems applications. The Company’s connectivity product family provides a line of optical interconnect devices couplers and splitters planar lightwave circuits and related optical products as well as integrated modules incorporating these devices. Its optical passive products include wavelength division multiplexing coarse wavelength division multiplexer and DWDM components and modules.

Alliance Fiber Optic Products Inc

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