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Alliance Fiber Optic Products (AFOP) Surges: Stock Moves 12.6% Higher

Zacks Equity Research

Alliance Fiber Optic Products Inc. (AFOP) was a big mover last session, as the company saw its shares rise by roughly 13% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up over 18% in the past one-month time frame.

This fibre optics company has seen one negative estimate revision over the past 30 days and its Zacks Consensus Estimate has moved down over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.

Alliance Fiber Optic Products currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include Advanced Micro Devices, Inc. (AMD), Accelrys Inc. (ACCL) and Advanced Energy Industries, Inc. (AEIS). While Advanced Micro Devices holds a Zacks Rank #1 (Strong Buy), Accelrys and Advanced Energy Industries carry a Zacks Rank #2 (Buy).

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ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report

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