Applied Optoelectronics (AAOI) Earning Somewhat Favorable Press Coverage, Study Shows
News coverage about Applied Optoelectronics (NASDAQ:AAOI) has trended somewhat positive on Thursday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Applied Optoelectronics earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the semiconductor company an impact score of 46.2553292871836 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Applied Optoelectronics, Inc. (AAOI) – Volatile Tech Stock to Watch – Nasdaq Fortune (press release) (nasdaqfortune.com)
- Applied Optoelectronics, Inc. (AAOI) – Momentum Tech stock in Focus – Wall Street Morning (wallstreetmorning.com)
- Hot Stock’s Alert – Applied Optoelectronics, Inc. (NASDAQ: AAOI) – Alpha Beta Stock (alphabetastock.com)
- Comparing Inseego (INSG) & Applied Optoelectronics (AAOI) (americanbankingnews.com)
- Applied Optoelectronics, Inc., (NASDAQ: AAOI) – Volatile Stock Characteristics – Stock Watch (stocksnewstimes.com)
A number of equities analysts have recently weighed in on AAOI shares. Zacks Investment Research raised shares of Applied Optoelectronics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 13th. BidaskClub lowered shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 9th. Cowen reissued a “buy” rating and issued a $60.00 price objective (down previously from $74.00) on shares of Applied Optoelectronics in a research report on Thursday, December 7th. TheStreet lowered shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a research report on Wednesday, November 15th. Finally, ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and four have issued a strong buy rating to the stock. Applied Optoelectronics presently has an average rating of “Buy” and a consensus target price of $60.20.
Applied Optoelectronics (NASDAQ AAOI) opened at $38.66 on Thursday. Applied Optoelectronics has a 52-week low of $21.88 and a 52-week high of $103.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.02 and a current ratio of 2.99. The company has a market cap of $749.32, a P/E ratio of 9.23, a P/E/G ratio of 0.61 and a beta of 2.88.
Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the consensus estimate of $1.31 by ($0.23). Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The company had revenue of $88.90 million for the quarter, compared to analyst estimates of $88.53 million. During the same period last year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 26.8% on a year-over-year basis. equities research analysts expect that Applied Optoelectronics will post 4.22 EPS for the current fiscal year.
In other Applied Optoelectronics news, Director Alan D. Moore acquired 22,400 shares of the firm’s stock in a transaction on Monday, November 13th. The stock was bought at an average cost of $44.60 per share, for a total transaction of $999,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard B. Black sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was 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. Insiders have sold 7,900 shares of company stock valued at $365,804 in the last ninety days. 8.19% of the stock is currently owned by company insiders.
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Applied Optoelectronics Company Profile
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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