Can Oplink Communications, (OPLK) Continue to Surge? - Tale of the Tape
January 08 2014 - 7:55AM
Zacks
One company that should be on your
radar is Oplink Communications, Inc. (OPLK). The
stock of the semi conductor manufacturer has seen its Zacks Rank
surge over the past four weeks, moving from Sell territory to its
current position as a Buy.
A key reason for this move has been the positive trend in the
earnings estimate revisions picture. For OPLK’s full year estimate,
we have seen no estimate go higher in the past 30 days, with no
downward revision in the same time period. This trend has helped
the consensus estimate to trend higher, remaining at its current
level of 38 cents.
This positive shift in estimates has made some investors take
notice and buy the stock. In fact, OPLK has seen some pretty solid
trading lately, as the company has moved higher by 13.7% in the
past month.
If Oplink Communications, (OPLK) 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 OPLK on your watch list for
the future.
Other top-ranked stocks worth considering in this space include
Finisar Corp. (FNSR) carrying a Zacks Rank #1
(Strong Buy) and Oclaro, Inc. (OCLR)
and Alliance Fiber Optic Products Inc. (AFOP) each
carrying a Zacks Rank #2 (Buy).
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ALLIANCE FIBER (AFOP): Free Stock Analysis Report
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OPLINK COMMNCTN (OPLK): Free Stock Analysis Report
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