Amphenol Corporation (APH): Shares define bullish 'flag' pattern

Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy

Amphenol Corporation (NYSE: APH) makes electrical connectors and cables for communications, medical, aerospace, military and industrial systems. The firm's connectors are used in computers, aircraft, cars, office equipment and medical instruments. Its coaxial cable goes to cable TV clients and its flat-ribbon cables are used with computer and telecommunications products. Amphenol ships to more than 10,000 customer locations around the world.

Investors were pleased last week, when the firm reported Q1 EPS of 54 cents and revenues of $770.7 million. The Street had been looking for 51 cents and $748.1 million. The CEO noted particular strength in the military, commercial aerospace, wireless infrastructure and mobile device markets. Management also guided Q2 EPS to 57-59 cen