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.

ILLEGAL ACTIVITY NOTICE: “Applied Optoelectronics, Inc. (AAOI) to Release Earnings on Wednesday” was first posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/25/applied-optoelectronics-inc-aaoi-to-release-earnings-on-wednesday-2.html.

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.

Earnings History for Applied Optoelectronics (NASDAQ:AAOI)

Receive News & Ratings for Applied Optoelectronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics Inc. and related companies with MarketBeat.com's FREE daily email newsletter.