Alliance Fiber Optic Products (AFOP) Misses Q3 EPS by 15c

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Go back to Alliance Fiber Optic Products (AFOP) Misses Q3 EPS by 15c

Alliance Fiber Optic Products' (AFOP) Top Customer Cuts Spending; Needham & Company Cuts Price Target to $20

October 29, 2015 9:54 AM EDT

Needham & 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