Taylor Frigon Capital Management buys $2,197,324 stake in Alliance Fiber Optic Products Inc (AFOP)

Alliance Fiber Optic Products Inc (AFOP) : Taylor Frigon Capital Management scooped up 4,766 additional shares in Alliance Fiber Optic Products Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 25, 2016. The investment management firm now holds a total of 118,646 shares of Alliance Fiber Optic Products Inc which is valued at $2,197,324.Alliance Fiber Optic Products Inc makes up approximately 2.33% of Taylor Frigon Capital Management’s portfolio.

Alliance Fiber Optic Products Inc (AFOP) witnessed a volatile trading activity on Monday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $18.52 and reached the intraday high at $18.53. The bulls started the profit booking and pushed the shares to intraday low of $18.505. The trading session was marked by a volume range of 5,89,357 shares exchanging hands. The 52-week high of the shares is $22.35 and the 52-week low is $11.95. The market cap of the company stands at $292 M and there are 1,57,88,585 shares in public circulation.

Other Hedge Funds, Including , Strs Ohio sold out all of its stake in AFOP during the most recent quarter. The investment firm sold 500 shares of AFOP which is valued $9,270.Thomson Horstmann Bryant Inc boosted its stake in AFOP in the latest quarter, The investment management firm added 25,071 additional shares and now holds a total of 672,317 shares of Alliance Fiber Optic Products Inc which is valued at $12,464,757. Alliance Fiber Optic Products Inc makes up approx 1.45% of Thomson Horstmann Bryant Inc’s portfolio.Simplex Trading boosted its stake in AFOP in the latest quarter, The investment management firm added 1,701 additional shares and now holds a total of 3,501 shares of Alliance Fiber Optic Products Inc which is valued at $64,804. Alliance Fiber Optic Products Inc makes up approx 0.01% of Simplex Trading’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in AFOP in the latest quarter, The investment management firm added 6,516 additional shares and now holds a total of 78,924 shares of Alliance Fiber Optic Products Inc which is valued at $1,460,883. Alliance Fiber Optic Products Inc makes up approx 0.09% of Dalton Greiner Hartman Maher Co’s portfolio.

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.

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.

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.

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