Several analysts have recently updated their ratings and price targets for Applied Optoelectronics (NASDAQ: AAOI):

  • 8/10/2017 – Applied Optoelectronics had its “buy” rating reaffirmed by analysts at Roth Capital. They now have a $90.00 price target on the stock.
  • 8/9/2017 – Applied Optoelectronics had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $102.00 price target on the stock, up previously from $100.00.
  • 8/9/2017 – Applied Optoelectronics was upgraded by analysts at Vetr from a “buy” rating to a “strong-buy” rating. They now have a $76.81 price target on the stock.
  • 8/7/2017 – Applied Optoelectronics was given a new $47.00 price target on by analysts at Northland Securities. They now have a “sell” rating on the stock.
  • 8/7/2017 – Applied Optoelectronics was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $72.50 price target on the stock.
  • 8/5/2017 – Applied Optoelectronics was given a new $103.00 price target on by analysts at DA Davidson. They now have a “buy” rating on the stock.
  • 8/4/2017 – Applied Optoelectronics was downgraded by analysts at Northland Securities from an “outperform” rating to a “market perform” rating. They now have a $43.00 price target on the stock, down previously from $47.00.
  • 8/4/2017 – Applied Optoelectronics was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 7/31/2017 – Applied Optoelectronics was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/25/2017 – Applied Optoelectronics was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/25/2017 – Applied Optoelectronics had its “strong-buy” rating reaffirmed by analysts at Raymond James Financial, Inc..
  • 7/24/2017 – Applied Optoelectronics had its price target raised by analysts at Needham & Company LLC from $100.00 to $115.00. They now have a “strong-buy” rating on the stock.
  • 7/22/2017 – Applied Optoelectronics had its “sell” rating reaffirmed by analysts at BWS Financial. They now have a $25.00 price target on the stock.
  • 7/19/2017 – Applied Optoelectronics was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/14/2017 – Applied Optoelectronics was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating. They now have a $84.73 price target on the stock.
  • 7/14/2017 – Applied Optoelectronics had its “buy” rating reaffirmed by analysts at Craig Hallum. They now have a $95.00 price target on the stock, up previously from $85.00.
  • 7/14/2017 – Applied Optoelectronics had its price target raised by analysts at Needham & Company LLC from $85.00 to $100.00. They now have a “strong-buy” rating on the stock.
  • 7/14/2017 – Applied Optoelectronics had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $100.00 price target on the stock, up previously from $94.00.
  • 7/14/2017 – Applied Optoelectronics had its price target raised by analysts at DA Davidson from $95.00 to $100.00. They now have a “buy” rating on the stock.
  • 7/13/2017 – Applied Optoelectronics had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $90.00 price target on the stock, up previously from $85.00.
  • 7/13/2017 – Applied Optoelectronics had its price target raised by analysts at Roth Capital from $70.00 to $90.00. They now have a “buy” rating on the stock.
  • 7/13/2017 – Applied Optoelectronics was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 7/12/2017 – Applied Optoelectronics was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/30/2017 – Applied Optoelectronics was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 6/29/2017 – Applied Optoelectronics is now covered by analysts at DA Davidson. They set a “buy” rating and a $95.00 price target on the stock.
  • 6/26/2017 – Applied Optoelectronics had its “strong-buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $85.00 price target on the stock.
  • 6/21/2017 – Applied Optoelectronics had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $94.00 price target on the stock.

Shares of Applied Optoelectronics, Inc. (AAOI) opened at 68.18 on Wednesday. The stock’s 50 day moving average price is $77.85 and its 200 day moving average price is $58.79. Applied Optoelectronics, Inc. has a one year low of $13.06 and a one year high of $103.41. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 16.20 and a beta of 2.98.

Applied Optoelectronics (NASDAQ:AAOI) last announced its earnings results on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.28. The company had revenue of $117.40 million for the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. The firm’s quarterly revenue was up 112.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 earnings per share. On average, equities analysts anticipate that Applied Optoelectronics, Inc. will post $5.38 earnings per share for the current fiscal year.

In other news, Director Richard B. Black sold 1,000 shares of the stock in a transaction that occurred on Thursday, July 6th. The stock was sold at an average price of $59.70, for a total transaction of $59,700.00. Following the transaction, the director now owns 40,478 shares in the company, valued at $2,416,536.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director William H. Yeh sold 30,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $72.12, for a total value of $2,163,600.00. Following the transaction, the director now owns 71,167 shares in the company, valued at approximately $5,132,564.04. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,758 shares of company stock worth $6,361,854. 8.19% of the stock is owned by corporate insiders.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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