Analyst Notes on Corning, Plug Power, TE Connectivity, Sanmina and AFOP

Today, Analysts Review released its analysts’ notes regarding Corning Incorporated (NYSE: GLW), Plug Power (NASDAQ:PLUG), TE Connectivity Ltd. (NYSE: TEL), Sanmina Corporation (NASDAQ: SANM) and Alliance Fiber Optic Products, Inc. (NASDAQ: AFOP). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/1878-100free.

Corning Incorporated Analyst Notes
On April 28, 2014, Corning Incorporated (Corning) reported Q1 2014 financial results. During the quarter, the Company’s GAAP net sales increased 26.2% YoY to $2.3 billion. Q1 2014 GAAP net income attributable to Corning was $301 million, or $0.20 per diluted share, compared to $494 million, or $0.33 per diluted share, in Q1 2013. “The strong first-quarter performance across all our business units has given us momentum for the remainder of the year,” said James B. Flaws, Vice Chairman and CFO of Corning. “We are starting to benefit from the synergies we anticipated with the consolidation of Corning Precision Materials, and, as LCD price declines lessen, we expect improved results throughout the year.” The full analyst notes on Corning are available to download free of charge at:

http://www.analystsreview.com/1878-GLW-01May2014.pdf

Plug Power Analyst Notes
On April 21, 2014, Plug Power Inc. (Plug Power) announced that it has signed a non-binding memorandum of understanding with Hyundai Hysco Co. Ltd. (Hysco), to create a joint venture partnership to develop and sell hydrogen fuel cells in countries all over Asia using Hysco’s advanced stack and plate technology. Plug Power stated that the proposed five-year joint venture is expected to develop, manufacture, and sell fuel cell solutions, products, and stacks for applications in Asian markets. The Companies are expected to finalize the details of the joint venture by July 31, 2014The full analyst notes on Plug Power are available to download free of charge at:

http://www.analystsreview.com/1878-PLUG-01May2014.pdf

TE Connectivity Ltd. Analyst Notes
On April 23, 2014, TE Connectivity Ltd. (TE Connectivity) reported financial results for Q2 FY 2014 (period ended March 28, 2014). In Q2 FY 2014, the Company’s net sales of $3.4 billion were up 5.1% YoY. Q2 FY 2014 net income attributable to TE Connectivity was $362 million, or $0.87 per diluted share, compared to $277 million, or $0.65 per diluted share, in Q2 FY 2013. For Q3 FY 2014, the Company expects net sales of $3.54 billion to $3.64 billion, and adjusted EPS of $0.96 to $1.00. Q3 FY 2014 GAAP EPS is expected to range between $0.93 and $0.97. For full-year FY 2014, TE Connectivity expects net sales to be around $13.8 to $14.1 billion, and adjusted EPS of $3.72 to $3.84. Full-year FY 2014 GAAP EPS is expected at $3.62 to $3.74.The full analyst notes on TE Connectivity are available to download free of charge at:

http://www.analystsreview.com/1878-TEL-01May2014.pdf


Sanmina Corporation Analyst Notes
On April 22, 2014, Sanmina Corporation (Sanmina) reported financial results for Q2 FY 2014 (period ended March 29, 2014). In Q2 FY 2014, the Company’s revenue was $1.5 billion, up. 3.4% YoY. Q2 FY 2014 net income was $20.8 million, or $0.24 per diluted share, compared to $21.2 million, or $0.25 per diluted share, in Q2 FY 2013. For Q3 FY 2014, Sanmina expects revenues to be between $1.5 billion and $1.6 billion and non-GAAP diluted EPS between $0.45 and $0.49The full analyst notes on Sanmina are available to download free of charge at:

http://www.analystsreview.com/1878-SANM-01May2014.pdf


Alliance Fiber Optic Products, Inc. Analyst Notes
On April 24, 2014, Alliance Fiber Optic Products, Inc. (AFOP) reported Q1 2014 financial results. In Q1 2014, the Company’s revenues grew 104.7% YoY to $24.9 million. Q1 2014 net income was $5.0 million, or $0.26 per diluted share, compared to$1.9 million, or $0.10 per diluted share in Q1 2013. “While data bandwidth demands continue to increase and the next growth cycle in the fiber optics industry is emerging, we are encouraged by the prospect of business growth in the coming years, and with the progress we made serving our customers and extending our product technology in recent quarters. Based on input from our customers and current orders, we expect revenues in the coming quarter to be above $25 million, which will be a new record for quarterly sales and will represent a 31% increase from the year ago quarter,” said Peter Chang, President and CEO of AFOP. The full analyst notes on AFOP are available to download free of charge at:

http://www.analystsreview.com/1878-AFOP-01May2014.pdf


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