Zacks: Brokerages Expect Applied Optoelectronics Inc (AAOI) Will Post Quarterly Sales of $86.22 Million

Equities analysts expect Applied Optoelectronics Inc (NASDAQ:AAOI) to post $86.22 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Applied Optoelectronics’ earnings, with the highest sales estimate coming in at $90.00 million and the lowest estimate coming in at $84.60 million. Applied Optoelectronics posted sales of $84.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.6%. The business is expected to report its next quarterly earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Applied Optoelectronics will report full-year sales of $86.22 million for the current year, with estimates ranging from $386.00 million to $394.90 million. For the next fiscal year, analysts forecast that the company will report sales of $392.40 million per share, with estimates ranging from $351.93 million to $458.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Applied Optoelectronics.

A number of brokerages have recently issued reports on AAOI. BidaskClub upgraded Applied Optoelectronics from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine downgraded Applied Optoelectronics from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 2nd. Northland Securities set a $40.00 price target on Applied Optoelectronics and gave the company a “sell” rating in a research report on Sunday, October 15th. BWS Financial set a $25.00 price target on Applied Optoelectronics and gave the company a “sell” rating in a research report on Sunday, October 15th. Finally, Piper Jaffray Companies downgraded Applied Optoelectronics from an “overweight” rating to a “neutral” rating in a research report on Monday, January 29th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and three have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.89.

In related news, insider Chih-Hsiang (Thompson) Lin sold 3,600 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $45.24, for a total value of $162,864.00. Following the completion of the sale, the insider now owns 522,837 shares in the company, valued at approximately $23,653,145.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $35.37, for a total value of $35,370.00. Following the completion of the sale, the director now owns 34,478 shares of the company’s stock, valued at approximately $1,219,486.86. The disclosure for this sale can be found here. Insiders sold a total of 6,900 shares of company stock valued at $297,554 in the last 90 days. 8.19% of the stock is currently owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in AAOI. Schwab Charles Investment Management Inc. lifted its position in Applied Optoelectronics by 31.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 37,700 shares of the semiconductor company’s stock valued at $2,330,000 after purchasing an additional 9,100 shares during the last quarter. Alliancebernstein L.P. lifted its position in Applied Optoelectronics by 21.1% in the second quarter. Alliancebernstein L.P. now owns 21,200 shares of the semiconductor company’s stock valued at $1,310,000 after purchasing an additional 3,700 shares during the last quarter. Teachers Advisors LLC lifted its position in Applied Optoelectronics by 12.8% in the second quarter. Teachers Advisors LLC now owns 33,159 shares of the semiconductor company’s stock valued at $2,049,000 after purchasing an additional 3,756 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Applied Optoelectronics by 20.2% in the second quarter. Ameriprise Financial Inc. now owns 139,160 shares of the semiconductor company’s stock valued at $8,599,000 after purchasing an additional 23,425 shares during the last quarter. Finally, Nationwide Fund Advisors lifted its position in Applied Optoelectronics by 3.2% in the second quarter. Nationwide Fund Advisors now owns 10,909 shares of the semiconductor company’s stock valued at $674,000 after purchasing an additional 343 shares during the last quarter. Institutional investors own 75.68% of the company’s stock.

Shares of Applied Optoelectronics (NASDAQ:AAOI) opened at $30.72 on Friday. The stock has a market capitalization of $595.42, a PE ratio of 7.40, a PEG ratio of 0.61 and a beta of 2.51. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a 12-month low of $30.30 and a 12-month high of $103.41.

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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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