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.

TRADEMARK VIOLATION NOTICE: This news story was published by Watch List News and is the property of of Watch List News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.watchlistnews.com/applied-optoelectronics-inc-aaoi-updates-q4-earnings-guidance/1686302.html.

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.

Receive News & Ratings for Applied Optoelectronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Optoelectronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.