|Bid||19.13 x 100|
|Ask||19.28 x 1500|
|Day's range||18.49 - 19.68|
|52-week range||17.80 - 36.85|
|PE ratio (TTM)||9.06|
|Earnings date||6 Dec 2017 - 11 Dec 2017|
|Forward dividend & yield||N/A (N/A)|
|1y target est||29.10|
The iPhone X has faced delays because of issues with the 3-D sensing modules in the device.
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.
When Apple Inc unveils new iPhones on Tuesday at its Apple Park "spaceship" campus, there may be important clues for the watchers of seven semiconductor stocks. Apple (NasdaqGS: AAPL - news) exerts a sun-like gravitational pull on the global electronics supply chain, affecting the pricing of commodities like flash memory chips - it consumes 18 percent of global supply. The iPhone maker can make or break small, specialty chip suppliers.
Shares of fiber optic cable manufacturer Finisar plunged after the company announced disappointing forecasts for its current quarter.
Jim Cramer highlights optical networking plays as ones that won't require the President-elect to lead the charge higher.