Applied Optoelectronics, Inc. (NASDAQ:AAOI) issued an update on its fourth quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.82-0.96 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. The company issued revenue guidance of $81-90 million, compared to the consensus revenue estimate of $93.65 million.

Shares of Applied Optoelectronics, Inc. (NASDAQ AAOI) traded up $0.09 during trading hours on Tuesday, hitting $37.89. The stock had a trading volume of 2,420,912 shares, compared to its average volume of 2,280,000. Applied Optoelectronics, Inc. has a 52 week low of $21.66 and a 52 week high of $103.41. The firm has a market capitalization of $735.65, a price-to-earnings ratio of 10.56, a PEG ratio of 0.50 and a beta of 2.90. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.07 and a current ratio of 2.85.

Several equities analysts recently issued reports on AAOI shares. Raymond James Financial, Inc. reiterated a strong-buy rating on shares of Applied Optoelectronics in a report on Thursday, August 31st. DA Davidson set a $103.00 price target on Applied Optoelectronics and gave the company a buy rating in a report on Saturday, August 5th. ValuEngine upgraded Applied Optoelectronics from a buy rating to a strong-buy rating in a report on Friday, August 4th. Zacks Investment Research cut Applied Optoelectronics from a hold rating to a strong sell rating in a report on Tuesday, October 17th. Finally, BWS Financial reiterated a sell rating on shares of Applied Optoelectronics in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and four have assigned a strong buy rating to the company. Applied Optoelectronics currently has an average rating of Buy and an average target price of $70.42.

In other Applied Optoelectronics news, Director Chewei Lin sold 7,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $58.00, for a total transaction of $406,000.00. Following the transaction, the director now owns 45,638 shares in the company, valued at $2,647,004. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $60.62, for a total value of $60,620.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 13,050 shares of company stock worth $805,381. Company insiders own 8.19% of the company’s stock.

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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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