Alliance Fiber Optic Products (AFOP) Tops Q1 EPS by 3c, Offers Q2 Guidance

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Alliance Fiber Optic (AFOP) Price Target Lifted to $23 at Needham & Company

April 23, 2015 8:17 AM EDT

Needham & Company analyst Alex Henderson reiterated a Buy rating and raised his price target on Alliance Fiber Optic Products (NASDAQ: AFOP) to $23.00 (from $21.00) following Q1 results.

Henderson commented, "We are increasing our AFOP estimates for the third time in 3 months on better... More