Amphenol Corporation (APH): Price consolidating in 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 Q2 EPS of 61 cents and revenues of $846.8 million. The Street had been looking for 58 cents and $815.5 million. The CEO noted that growth was broad-based, with particular strength in the global communications, military and commercial aerospace markets. Management also guided Q3