Applied Optoelectronics, Inc. (NASDAQ:AAOI – Get Free Report) has been assigned an average recommendation of “Moderate Buy” from the four analysts that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $13.50.
A number of equities analysts have recently weighed in on AAOI shares. StockNews.com raised Applied Optoelectronics to a “sell” rating in a report on Friday, August 9th. B. Riley cut their price objective on shares of Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Rosenblatt Securities lowered their target price on shares of Applied Optoelectronics from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Friday, May 10th. Finally, B. Riley Financial reiterated a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a report on Thursday, August 8th.
View Our Latest Stock Analysis on AAOI
Hedge Funds Weigh In On Applied Optoelectronics
Applied Optoelectronics Stock Performance
NASDAQ:AAOI opened at $8.28 on Monday. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39. Applied Optoelectronics has a fifty-two week low of $6.66 and a fifty-two week high of $24.75. The firm’s fifty day simple moving average is $8.91 and its 200-day simple moving average is $12.04. The stock has a market cap of $322.16 million, a PE ratio of -4.55 and a beta of 1.97.
Applied Optoelectronics (NASDAQ:AAOI – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.29) by $0.01. The business had revenue of $43.27 million during the quarter, compared to analysts’ expectations of $44.14 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) earnings per share. Analysts expect that Applied Optoelectronics will post -0.66 earnings per share for the current fiscal year.
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.
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