Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.
Analyst Upgrades and Downgrades
Separately, B. Riley lowered their price objective on Applied Optoelectronics from $3.20 to $2.80 in a research note on Friday, August 5th.
Applied Optoelectronics Stock Performance
Shares of NASDAQ:AAOI traded up $0.02 during trading on Tuesday, reaching $2.88. 6,378 shares of the stock traded hands, compared to its average volume of 229,820. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.36. The stock has a 50-day moving average of $1.85 and a two-hundred day moving average of $2.69. Applied Optoelectronics has a 52-week low of $1.48 and a 52-week high of $8.86.
Applied Optoelectronics (NASDAQ:AAOI - Get Rating) last issued its earnings results on Thursday, August 4th. The semiconductor company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.01). Applied Optoelectronics had a negative net margin of 28.68% and a negative return on equity of 14.74%. The business had revenue of $52.30 million for the quarter, compared to analysts' expectations of $57.17 million. Equities research analysts forecast that Applied Optoelectronics will post -1.32 EPS for the current fiscal year.