Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Albeit having slumped from as recently as earlier this year above 12p, shares in B2B video streaming technology company Aferian (AFRN) have currently approximately doubled to around 6.5p today on the back of a “trading statement” including that consumer demand for video streaming experience improvements has helped expected second half of its year revenue to approximately 20% higher than in the first half and, together with cost reduction actions taken, that second half adjusted EBITDA is expected to be “approximately $2 million”. How good is this news?
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