Alliance Fiber Optic Products (AFOP) Misses Q4 EPS by 19c
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Alliance Fiber (AFOP) Misses and Guides to Back End Loaded '16 - Needham
February 19, 2016 6:51 AM ESTNeedham & Company analyst, Alex Henderson, thinks despite Alliance Fiber (NASDAQ: AFOP) missing estimates and guiding below consensus, the back half of the year can be robust enough to maintain existing full year EPS projections. No change to Buy rating or $20 PT.
Alliance Fiber Optic Products's (AFOP) top customer plummeted from 45% of Revenues to 20% in CY4Q as it sharply reduced inventory at the behest of its new CFO and cut Capex by 40% year-over-year. However, Google is expected to meaningfully increase spending in CY16 and the shift to 25G architectures should strongly... More
