Applied Optoelectronics, Inc. (AAOI) to Release Earnings on Wednesday
Applied Optoelectronics, Inc. (NASDAQ:AAOI) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect Applied Optoelectronics to post earnings of $1.31 per share for the quarter. Applied Optoelectronics has set its Q3 guidance at $1.30-1.43 EPS.
Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 EPS for the quarter, beating the consensus estimate of $1.15 by $0.28. The firm had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The company’s revenue for the quarter was up 112.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.16 EPS. On average, analysts expect Applied Optoelectronics to post $4.28 EPS for the current fiscal year and $4.58 EPS for the next fiscal year.
Applied Optoelectronics, Inc. (AAOI) opened at 41.66 on Wednesday. Applied Optoelectronics, Inc. has a 12-month low of $18.85 and a 12-month high of $103.41. The firm has a 50-day moving average price of $56.80 and a 200 day moving average price of $63.59. The firm has a market cap of $804.16 million, a PE ratio of 9.90 and a beta of 3.06.
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In other news, Director Chewei Lin sold 7,000 shares of Applied Optoelectronics stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $58.00, for a total value of $406,000.00. Following the completion of the sale, the director now directly owns 45,638 shares in the company, valued at $2,647,004. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Stefan J. Murry sold 3,050 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $70.21, for a total transaction of $214,140.50. Following the completion of the sale, the chief financial officer now owns 57,540 shares of the company’s stock, valued at $4,039,883.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,517 shares of company stock valued at $923,370. 8.19% of the stock is owned by company insiders.
Several equities research analysts have issued reports on AAOI shares. Vetr downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $84.73 price objective for the company. in a research report on Friday, July 14th. DA Davidson assumed coverage on shares of Applied Optoelectronics in a research report on Thursday, June 29th. They set a “buy” rating and a $95.00 price objective for the company. Craig Hallum reiterated a “buy” rating and issued a $95.00 price target (up from $85.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Roth Capital lifted their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. Finally, BidaskClub upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Four research analysts have rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and four have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.42.
Applied Optoelectronics Company Profile
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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