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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.
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
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.
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%
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.
Zacks has developed a chart that helps investors see how
earnings estimates have
the price of the stock over the last several years. We call
this chart the
consensus chart, and each color coded lines represents
analyst estimates over a
designated year. As estimates increase, the stock tends to
follow. The Zacks
impacted by earnings estimate increases, beats and
incorporates the idea of
agreement and magnitude. As a
Zacks Rank #5 (Strong Sell) we see that estimates are moving
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