Analysts’ Weekly Ratings Updates for Applied Optoelectronics (AAOI)

Applied Optoelectronics (NASDAQ: AAOI) has recently received a number of price target changes and ratings updates:

  • 2/13/2018 – Applied Optoelectronics was given a new $32.00 price target on by analysts at Craig Hallum. They now have a “hold” rating on the stock.
  • 2/7/2018 – Applied Optoelectronics was upgraded by analysts at Zacks Investment Research from a “sell” 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. “
  • 2/5/2018 – Applied Optoelectronics was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 2/2/2018 – Applied Optoelectronics was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.
  • 1/29/2018 – Applied Optoelectronics was downgraded by analysts at Piper Jaffray Companies from an “overweight” rating to a “neutral” rating.
  • 1/29/2018 – Applied Optoelectronics is now covered by analysts at Loop Capital. They set a “hold” rating and a $35.00 price target on the stock.
  • 1/10/2018 – Applied Optoelectronics is now covered by analysts at B. Riley. They set a “neutral” rating and a $38.00 price target on the stock.
  • 1/2/2018 – 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. “

Shares of Applied Optoelectronics Inc (NASDAQ:AAOI) opened at $31.28 on Thursday. Applied Optoelectronics Inc has a fifty-two week low of $28.56 and a fifty-two week high of $103.41. The stock has a market capitalization of $571.97, a PE ratio of 7.54, a price-to-earnings-growth ratio of 0.59 and a beta of 2.51. The company has a quick ratio of 2.02, a current ratio of 2.99 and a debt-to-equity ratio of 0.12.

In other Applied Optoelectronics news, Director Richard B. Black sold 1,000 shares of the stock in a transaction dated 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 directly owns 34,478 shares in the company, valued at $1,219,486.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Chih-Hsiang (Thompson) Lin sold 3,600 shares of the stock in a transaction dated 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 of the company’s stock, valued at $23,653,145.88. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock valued at $238,664 over the last 90 days. Corporate 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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