Applied Optoelectronics (AAOI) Earning Somewhat Favorable Press Coverage, Study Finds
News headlines about Applied Optoelectronics (NASDAQ:AAOI) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Applied Optoelectronics earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.7307583348073 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Applied Optoelectronics, Inc. (AAOI) Downgraded by Zacks Investment Research to Strong Sell (americanbankingnews.com)
- To follow track the record of Stock – Applied Optoelectronics, Inc. (AAOI) – Wall Street Morning (wallstreetmorning.com)
- Is this time to Go on Applied Optoelectronics, Inc. (AAOI): RSI 25.00 Suggest buy option – Voice Of Analysts (analystsbuzz.com)
- Trade Like Hedge Fund Tycoon Dmitry Balyasny: Applied Optoelectronics Inc (AAOI), Advanced Micro Devices, Inc … – Smarter Analyst (smarteranalyst.com)
- Applied Optoelectronics Inc (AAOI) Stock Is Just Not Cheap Enough Yet – Investorplace.com (blog) (investorplace.com)
Several equities analysts have recently weighed in on the stock. DA Davidson upped their price objective on shares of Applied Optoelectronics from $95.00 to $100.00 and gave the company a “buy” rating in a report on Friday, July 14th. Roth Capital upped their price objective on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Craig Hallum reiterated a “buy” rating and set a $95.00 price objective (up previously from $85.00) on shares of Applied Optoelectronics in a report on Friday, July 14th. Vetr lowered shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $84.73 price objective on the stock. in a report on Friday, July 14th. Finally, BidaskClub upgraded shares of Applied Optoelectronics from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and four have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $70.42.
Applied Optoelectronics (AAOI) traded up 0.83% during midday trading on Tuesday, hitting $43.74. 2,840,478 shares of the company were exchanged. Applied Optoelectronics has a 1-year low of $18.85 and a 1-year high of $103.41. The firm has a market capitalization of $844.31 million, a PE ratio of 10.39 and a beta of 3.06. The stock has a 50 day moving average of $60.34 and a 200 day moving average of $64.00.
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, beating analysts’ consensus estimates of $1.15 by $0.28. The firm had revenue of $117.40 million for the quarter, compared to analyst estimates of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The company’s revenue for the quarter was up 112.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 EPS. On average, equities analysts predict that Applied Optoelectronics will post $4.62 earnings per share for the current fiscal year.
In related news, insider Shu-Hua (Joshua) Yeh sold 20,000 shares of Applied Optoelectronics stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $92.51, for a total transaction of $1,850,200.00. Following the completion of the transaction, the insider now directly owns 89,742 shares of the company’s stock, valued at approximately $8,302,032.42. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $60.62, for a total transaction of $60,620.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,633 shares of company stock valued at $2,879,445. 8.19% of the stock is currently owned by corporate insiders.
About Applied Optoelectronics
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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