Applied Optoelectronics (AAOI) to Release Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI) is projected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $99.92 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Applied Optoelectronics Price Performance

AAOI opened at $27.32 on Tuesday. The firm has a market cap of $1.28 billion, a PE ratio of -13.26 and a beta of 2.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $44.50. The stock has a 50-day moving average price of $31.17 and a 200-day moving average price of $23.80.

Analyst Upgrades and Downgrades

AAOI has been the topic of a number of recent analyst reports. B. Riley cut shares of Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price target on the stock. in a report on Tuesday, December 10th. Raymond James boosted their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, December 20th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a research note on Friday, January 31st. Rosenblatt Securities reiterated a “buy” rating and set a $44.00 target price on shares of Applied Optoelectronics in a research report on Monday. Finally, Northland Securities reissued an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $29.20.

Insider Activity at Applied Optoelectronics

In related news, Director William H. Yeh sold 10,000 shares of Applied Optoelectronics stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total transaction of $430,800.00. Following the sale, the director now owns 223,538 shares of the company’s stock, valued at approximately $9,630,017.04. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Min-Chu (Mike) Chen sold 9,790 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $40.00, for a total value of $391,600.00. Following the completion of the transaction, the director now owns 165,054 shares of the company’s stock, valued at $6,602,160. The trade was a 5.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,088 shares of company stock worth $1,672,801. 5.40% of the stock is owned by corporate insiders.

Applied Optoelectronics Company Profile

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.