Applied Optoelectronics (NASDAQ: AAOI) recently received a number of ratings updates from brokerages and research firms:

  • 10/17/2017 – Applied Optoelectronics was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas. “
  • 10/16/2017 – Applied Optoelectronics was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 10/15/2017 – Applied Optoelectronics was given a new $25.00 price target on by analysts at BWS Financial. They now have a “sell” rating on the stock.
  • 10/15/2017 – Applied Optoelectronics was given a new $40.00 price target on by analysts at Northland Securities. They now have a “sell” rating on the stock.
  • 10/13/2017 – Applied Optoelectronics had its “buy” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $63.00 price target on the stock.
  • 10/13/2017 – Applied Optoelectronics had its price target lowered by analysts at Needham & Company LLC from $115.00 to $75.00. They now have a “strong-buy” rating on the stock.
  • 10/13/2017 – Applied Optoelectronics was downgraded by analysts at Craig Hallum from a “buy” rating to a “hold” rating.
  • 10/13/2017 – Applied Optoelectronics had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $81.00 price target on the stock, down previously from $102.00.
  • 10/12/2017 – Applied Optoelectronics had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $75.00 price target on the stock, down previously from $115.00.
  • 10/3/2017 – Applied Optoelectronics had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $80.00 price target on the stock, down previously from $95.00.
  • 10/2/2017 – Applied Optoelectronics had its “sell” rating reaffirmed by analysts at BWS Financial.
  • 9/12/2017 – Applied Optoelectronics was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas. “
  • 9/5/2017 – Applied Optoelectronics had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $115.00 price target on the stock.
  • 9/1/2017 – Applied Optoelectronics was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 8/31/2017 – Applied Optoelectronics had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $25.00 price target on the stock.
  • 8/31/2017 – Applied Optoelectronics had its “strong-buy” rating reaffirmed by analysts at Raymond James Financial, Inc..

Shares of Applied Optoelectronics, Inc. (AAOI) traded up 0.87% on Monday, hitting $41.83. 580,287 shares of the company’s stock were exchanged. Applied Optoelectronics, Inc. has a 12-month low of $18.85 and a 12-month high of $103.41. The stock has a market cap of $807.44 million, a price-to-earnings ratio of 9.94 and a beta of 3.06. The company’s 50-day moving average price is $57.72 and its 200 day moving average price is $63.42.

Applied Optoelectronics (NASDAQ:AAOI) last issued its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.28. The business had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The business’s quarterly revenue was up 112.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.16 earnings per share. On average, equities analysts predict that Applied Optoelectronics, Inc. will post $4.62 earnings per share for the current fiscal year.

In other news, General Counsel David C. Kuo sold 889 shares of Applied Optoelectronics stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $70.00, for a total value of $62,230.00. Following the sale, the general counsel now owns 22,864 shares of the company’s stock, valued at $1,600,480. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel David C. Kuo sold 578 shares of Applied Optoelectronics stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $96.47, for a total transaction of $55,759.66. Following the completion of the sale, the general counsel now directly owns 23,753 shares in the company, valued at approximately $2,291,451.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,517 shares of company stock worth $923,370. Insiders own 8.19% of the company’s stock.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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