Applied Optoelectronics (AAOI) Announces Quarterly Results
Applied Optoelectronics (NASDAQ:AAOI) issued its quarterly earnings data on Tuesday. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.06, AmericanBankingNews.com reports. The company had revenue of $32.70 million for the quarter, compared to the consensus estimate of $29.36 million.
In other Applied Optoelectronics news, Insider Hung-Lun (Fred) Chang sold 2,226 shares of Applied Optoelectronics stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $18.02, for a total transaction of $40,112.52. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Applied Optoelectronics (NASDAQ:AAOI) traded down 6.96% during mid-day trading on Tuesday, hitting $16.98. 311,365 shares of the company’s stock traded hands. Applied Optoelectronics has a one year low of $9.07 and a one year high of $28.01. The stock’s 50-day moving average is $21.43 and its 200-day moving average is $20.8. The company’s market cap is $251.0 million.
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: cable television, (NASDAQ:AAOI), fiber-to-the-home (FTTH), and Internet data centers.
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