Applied Optoelectronics (NASDAQ:AAOI) Releases Q4 2024 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of -0.040-0.040 for the period, compared to the consensus estimate of 0.060. The company issued revenue guidance of $94.0 million-$104.0 million, compared to the consensus revenue estimate of $98.6 million. Applied Optoelectronics also updated its Q4 guidance to ($0.04) to $0.04 EPS.

Applied Optoelectronics Price Performance

Shares of AAOI traded up $9.86 during midday trading on Friday, hitting $27.76. 19,430,463 shares of the company traded hands, compared to its average volume of 2,523,117. Applied Optoelectronics has a 52 week low of $6.70 and a 52 week high of $27.81. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.97 and a current ratio of 1.64. The firm has a 50 day moving average of $15.59 and a 200-day moving average of $11.79. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of -14.53 and a beta of 1.96.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley cut their price target on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Raymond James raised their target price on Applied Optoelectronics from $17.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday. Northland Securities boosted their price target on shares of Applied Optoelectronics from $18.00 to $25.00 and gave the company an “outperform” rating in a research note on Friday. Rosenblatt Securities increased their price objective on shares of Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research report on Friday. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.70.

Insider Buying and Selling

In related news, insider David C. Kuo sold 10,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the transaction, the insider now owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.40% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.