Best stocks to invest in – Bear of the Day: Alliance Fiber Optic Products (AFOP)



Best stocks to invest in

Alliance Fiber Optic Products (AFOP) recently

reported earnings and missed the Zacks Consensus Estimate as

well as the Wall Street Consensus Estimate. The stocks has slipped to a

Zacks Rank #5

(Strong Sell) and today it is the Bear of the Day.



The Numbers


AFOP missed the Zacks Consensus Estimate of $0.23 by $0.Array6 for a

78% negative earnings surprise. Revenues came in a little

below expectations at $Array6 million for an ArrayArray% negative

revenue surprise.




Description


Alliance Fiber Optic Products makes and sells various fiber optic components and integrated modules for communications equipment manufacturers and service providers. The company is widely reported as having a deal with Google to help Google Fiber reach consumers. Alliance Fiber Optic Products was founded in Array995 and is headquartered in Sunnyvale, California.


Earnings History


The recent earnings history for AFOP is rather weak with five of the last

six reports coming below the Zacks Consensus Estimate. The last three

reports were misses, with negative earnings surprises of 78%, 44% and 3%

respectively.



Estimates


The 20Array6 Zacks Consensus estimate has been moving lower. The number

stood at $Array.40 in September of last year, but slipped to $Array.Array4 in October. It has since fallen to $Array.09.


There are no estimates at the current time for 20Array7.


Chart


Zacks has developed a chart that helps investors see how

earnings estimates have
impacted
the price of the stock over the last several years. We call

this chart the
price and
consensus chart, and each color coded lines represents

analyst estimates over a

designated year. As estimates increase, the stock tends to

follow. The Zacks
Rank is
impacted by earnings estimate increases, beats and

incorporates the idea of
analyst
agreement and magnitude. As a
Zacks Rank #5 (Strong Sell) we see that estimates are moving

higher.


best-stocks-to-invest-in

Follow Brian Bolan on twitter at
@BBolanArray




Brian Bolan is a Stock Strategist
for Zacks.com. He is the Editor in charge of the Zacks Stocks

Under $Array0, an

investor
service
, where he recommends the
stocks in the portfolio.


Brian also runs the brand new Zacks Game

Changers
where he looks for stocks that are disrupting

their

industries and reaping big

gains.

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