Shares of Alliance Fiber Optic Products Inc (NASDAQ:AFOP) have received a consensus broker rating score of 2.50 (Hold) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
Analysts have set a one year consensus price objective of $19.63 for the company and are anticipating that the company will post $0.23 EPS for the current quarter, according to Zacks. Zacks has also assigned Alliance Fiber Optic Products an industry rank of 102 out of 265 based on the ratings given to related companies.
Shares of Alliance Fiber Optic Products (NASDAQ:AFOP) opened at 15.16 on Monday. The company has a 50 day moving average of $15.09 and a 200 day moving average of $17.49. Alliance Fiber Optic Products has a 52-week low of $13.31 and a 52-week high of $22.35. The stock has a market capitalization of $263.54 million and a price-to-earnings ratio of 20.35.
Alliance Fiber Optic Products (NASDAQ:AFOP) last posted its earnings results on Wednesday, October 28th. The company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by $0.11. The business earned $18.10 million during the quarter, compared to the consensus estimate of $24.69 million. The business’s revenue was up .0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.25 EPS. Analysts predict that Alliance Fiber Optic Products will post $1.06 EPS for the current fiscal year.
AFOP has been the topic of a number of recent research reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price (down from $25.00) on shares of Alliance Fiber Optic Products in a research note on Thursday, October 29th. Zacks Investment Research upgraded Alliance Fiber Optic Products from a “strong sell” rating to a “hold” rating in a research note on Tuesday, December 29th. Finally, B. Riley reiterated a “hold” rating and issued a $17.00 target price on shares of Alliance Fiber Optic Products in a research note on Tuesday, October 27th.
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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