|Bid||42.64 x 700|
|Ask||42.66 x 300|
|Day's range||42.31 - 43.87|
|52-week range||21.88 - 103.41|
|PE ratio (TTM)||10.12|
|Earnings date||1 Nov 2017 - 6 Nov 2017|
|Forward dividend & yield||N/A (N/A)|
|1y target est||54.28|
The maker of fiber-optic networking parts is up about 80% this year, but still down from the summer months.
The fiber optic hardware supplier delivered a solid Q3 report, followed by optimistic management views of the market's future.
Applied Optoelectronics said Tuesday that adjusted third-quarter earnings were $1.08 a share, up 184% from a year ago.
Shares of fiber-optic component vendor Applied Optoelectronics (AAOI) plunged nearly 20% on worries that it will have difficulty recovering from a pullback from its biggest customer, Amazon (AMZN). Rosenblatt Securities’ Jun Zhang takes a look at the stock today, writing that he isn’t surprised about the company’s announcement, but writes that it’s a company specific issue, and he’s maintaining his bullish stance on data center market demand in general. Zhang estimates that Amazon’s 100G demand will remain strong during the third and fourth quarter, and that Luxtera gained share from AAOI during the last round of orders thanks to aggressive pricing tactics.
Aalok Devkota recommended Applied Optoelectronics (AAOI) 2 days ago at about $60. Today it is at $47 and change. What happened, and what is Aalok doing about it?
Shares of fiber-optic component vendor Applied Optoelectronics (AAOI) are down $11.62, or almost 20%, at $47.22, in pre-market trading, continuing last night’s losses, after the company warned it will miss its prior forecast for Q3 because of a shortfall of sales from its largest cloud computing customer, Amazon (AMZN). On a conference call following the report, the company’s CFO, Steffan Murray, and CEO Dr. Thompson Lin expressed confidence in the business, and said that the breach in sales was something that could affect other vendors, not just Applied. Hamed Khorsand with the boutique firm BWS Financial, who had been one of the more vocal skeptics of Applied, this morning reiterates his Sell rating, writing that "AAOI will have a difficult time in recovering lost revenue from AMZN at the 100G level because there are several competitors AMZN already uses for 100G, not just AAOI." Among others, Intel (INTC) is now a factor, he writes: Intel who started to ship competing CWDM4 transceivers in the third quarter.
Shares of fiber-optic component supplier Applied Optoelectronics (AAOI) remain under pressure following the company's warning tonight its Q3 results will come in much less than expected because of a big shortfall in sales to one of its cloud customers, a "disappointment" the company has been discussing on the conference call tonight with analysts. Of particular interest, perhaps, to fiber optics investors, the company's management on the call implied the shortfall is not just Applied's problem, that the "transition" going on at a single large customer of Applied's is not "unique to AOI," adding "it's something that very likely will affect or has affected other companies as well." Shares of fiber competitors Lumentum (LITE), Finisar (FNSR), Oclaro (OCLR), Macom (MTSI), and Acacia Communications (ACIA), for example, are all fractionally lower this evening.
Shares of Applied Optoelectronics Inc. fell 17% late Thursday after the Sugar Land, Texas, company warned investors about lower-than-expected third-quarter profit and revenue thanks to lower sales to one ...
Applied Optoelectronics crashed again Thursday after it preannounced third-quarter earnings that missed views by a mile.
CEO Dr. Thompson Lin said that the results "were negatively impacted by lower than expected sales to one of our large datacenter customers." "Despite this shortfall, we maintained a strong gross margin profile in the quarter, and continued to experience solid demand with our other top datacenter customers,” said Lin. Lin said the company was "disappointed," but that "we continue to feel good about our leadership position in advanced optics." Applied is hosting a conference call with analysts at 4:30 pm, Eastern time, to discuss the revised forecast.
Applied Optoelectronics lost over 40% last month. This could be a buying opportunity if your assessment of the news differs from the market's. Aalok Devkota took advantage of the dip to initiate a position.
Surging implied volatility makes Applied Optoelectronics, Inc. (AAOI) stock lucrative to the option traders.
ClaimsFiler, a FREE shareholder information service, reminds investors that they have only until October 4, 2017 to file lead plaintiff applications in a securities class action lawsuit against Applied Optoelectronics, Inc.
Kahn Swick & Foti, LLC and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors with large financial interests that they have only until October 4, 2017 to file lead plaintiff applications in a securities class action lawsuit against Applied Optoelectronics, Inc.
The name “Applied Optoelectronics” may not immediately grab investors’ attention, but the stock’s performance ought to turn plenty of heads.
Jim Cramer rattles off his take on caller favorite stocks, including this technology stock ready to roar even higher.