Applied Optoelectronics (NASDAQ:AAOI) updated its first quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.29-0.18) for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.11. The company issued revenue guidance of $50-55 million, compared to the consensus revenue estimate of $64.61 million.Applied Optoelectronics also updated its Q1 2019 guidance to $-0.29–0.18 EPS.

Several brokerages have commented on AAOI. B. Riley dropped their target price on shares of Applied Optoelectronics from $24.00 to $22.00 and set a neutral rating on the stock in a report on Monday, November 5th. ValuEngine cut shares of Applied Optoelectronics from a sell rating to a strong sell rating in a report on Wednesday. Zacks Investment Research raised shares of Applied Optoelectronics from a hold rating to a buy rating and set a $18.00 target price on the stock in a report on Friday, January 11th. Finally, Rosenblatt Securities reaffirmed a sell rating and issued a $10.00 target price (down from $15.00) on shares of Applied Optoelectronics in a report on Tuesday, February 12th. Six investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $24.00.

Shares of NASDAQ:AAOI traded down $0.01 on Thursday, reaching $14.60. 2,172,701 shares of the company’s stock were exchanged, compared to its average volume of 722,383. Applied Optoelectronics has a twelve month low of $13.42 and a twelve month high of $50.30. The firm has a market cap of $292.27 million, a PE ratio of 3.45, a PEG ratio of 0.57 and a beta of 2.49. The company has a quick ratio of 1.30, a current ratio of 2.60 and a debt-to-equity ratio of 0.19.

In related news, CFO Stefan J. Murry sold 2,000 shares of the stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $15.40, for a total transaction of $30,800.00. Following the sale, the chief financial officer now owns 64,520 shares in the company, valued at approximately $993,608. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 4,000 shares of company stock worth $63,220 in the last quarter. 6.90% of the stock is currently owned by company insiders.

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About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.

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