Seeking Alpha

Alliance Fiber Optic climbs on yesterday's stock split announcement

  • The market pushed Alliance Fiber Optic (AFOP +8.3%) shares up today after the company announced yesterday that it will carry out a 2-for-1 stock split.
  • The split will have no material effect on the company's future economic prospects or market capitalization. Investors were enthused by management's move nonetheless.
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Comments (1)
  • SH10
    , contributor
    Comments (12) | Send Message
    Should be noted that Piper Jaffray made positive comments in the space (JDSU, FNSR) today.
    16 Aug 2013, 07:01 PM Reply Like
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