Oplink Communications (NASDAQ:OPLK) had its price objective cut by Stifel Nicolaus from $24.00 to $20.00 in a report released on Friday, Analyst Ratings.Net reports. Stifel Nicolaus currently has a buy rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at B. Riley raised their price target on shares of Oplink Communications from $23.75 to $26.00 in a research note to investors on Friday. They now have a buy rating on the stock.
Shares of Oplink Communications (NASDAQ:OPLK) traded up 3.06% during mid-day trading on Friday, hitting $16.15. The stock had a trading volume of 172,926 shares. Oplink Communications has a one year low of $14.26 and a one year high of $22.54. The stock’s 50-day moving average is $18.82 and its 200-day moving average is $18.5. The company has a market cap of $310.7 million and a P/E ratio of 24.87.
Oplink Communications (NASDAQ:OPLK) last announced its earnings results on Thursday, October 31st. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.01. The company had revenue of $54.80 million for the quarter, compared to the consensus estimate of $53.35 million. During the same quarter last year, the company posted $0.26 earnings per share. Oplink Communications’s revenue was up 22.3% compared to the same quarter last year. On average, analysts predict that Oplink Communications will post $0.64 earnings per share for the current fiscal year.
Oplink Communications, Inc designs, manufactures and sells optical networking components and subsystems.
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