AFOP Reports Third Quarter, 2015 Financial Results
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Alliance Fiber Optic Products' (AFOP) Top Customer Cuts Spending; Needham & Company Cuts Price Target to $20
October 29, 2015 9:54 AM EDTNeedham & Company reiterated a Buy rating on Alliance Fiber Optic Products (NASDAQ: AFOP), and cut the price target to $20.00 (from $25.00), following the company's 3Q. AFOPs customer concentration to its Top Customer has been more than halved. The bad news is the top... More
Alliance Fiber Optic Products (AFOP) Misses Q3 EPS by 15c
October 28, 2015 5:17 PM EDTAlliance Fiber Optic Products (NASDAQ: AFOP) reported Q3 EPS of $0.20, $0.15 worse than the analyst estimate of $0.35. Revenue for the quarter came in at $18.6 million versus the consensus estimate of $24.69 million.
Peter Chang, President and Chief Executive Officer, commented, "During the third quarter, we experienced the... More
