SUNNYVALE, Calif., Aug. 19, 2015 (GLOBE NEWSWIRE) -- Alliance Fiber Optic Products, Inc. (NASDAQ:AFOP), an innovative supplier of fiber optic components, subsystems, and integrated modules for the optical network equipment market, today announced that it ranked 13th in Fortune's annual list of "100 Fastest Growing Companies".
The Fortune "100 Fastest Growing Companies" list selected the top 100 publicly traded companies with a minimum market capitalization of $250 million and a stock price of at least $5 on June 30, 2015. Companies must have revenue and net income for the four quarters ended on or before April 30, 2015 of at least $50 million and $10 million, respectively, and have posted an annualized growth in revenue and earnings per share of at least 20% annually over the three years ended on or before April 30, 2015.
The rankings are based on revenue growth rate, EPS growth rate, and three-year annualized total return for the period ended June 30, 2015. The full list and methodology can be found at http://fortune.com/100-fastest-growing-companies/.
"What a great accomplishment for AFOP to make the list again this year," commented Peter Chang, President and CEO of AFOP. "It is a particular honor to be in such good company with other distinguished organizations also selected by Fortune in 2015."
About AFOP
Founded in 1995, Alliance Fiber Optic Products, Inc. designs, manufactures and markets a broad range of high performance fiber optic components and integrated modules. AFOP's products are used by leading and emerging communications equipment manufacturers to deliver optical networking systems to the long-haul, enterprise, data center, metropolitan and last mile access segments of the communications network. AFOP offers a broad product line of passive optical components including interconnect systems, couplers and splitters, thin film CWDM and DWDM components and modules, optical attenuators, and micro-optics devices. AFOP is headquartered in Sunnyvale, California, with manufacturing and product development capabilities in the United States, Taiwan and China. AFOP's website is located at http://www.afop.com.