Can Oplink Communications, (OPLK) Continue to Surge? - Tale of the Tape

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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OCLARO INC (OCLR): Free Stock Analysis Report

OPLINK COMMNCTN (OPLK): Free Stock Analysis Report

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