One company that should be on your radar is Alliance Fiber Optic Products Inc. (NASDAQ: AFOP). The stock of this Fiber Optics company has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AFOP's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no lower. This trend has helped the consensus estimate to trend higher, going from $1.19 a share a month ago to its current level at $1.27 a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, AFOP has seen some pretty solid trading lately, as the company has moved higher by 13.6% in the past month.
If Alliance Fiber Optic can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AFOP on your watch list for the future.
Other top-ranked stocks worth considering in the Computer and Technology sector include Advanced Micro Devices, Inc. (NYSE: AMD), ChyronHego Corp. (NASDAQ: CHYR), and E-Commerce China Dangdang Inc. (NYSE: DANG). All these carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For AFOP's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no lower. This trend has helped the consensus estimate to trend higher, going from $1.19 a share a month ago to its current level at $1.27 a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, AFOP has seen some pretty solid trading lately, as the company has moved higher by 13.6% in the past month.
If Alliance Fiber Optic can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put AFOP on your watch list for the future.
Other top-ranked stocks worth considering in the Computer and Technology sector include Advanced Micro Devices, Inc. (NYSE: AMD), ChyronHego Corp. (NASDAQ: CHYR), and E-Commerce China Dangdang Inc. (NYSE: DANG). All these carry a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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