Applied Optoelectronics (AAOI) to Release Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI) is expected to be releasing its earnings data after the market closes on Wednesday, February 26th. Analysts expect Applied Optoelectronics to post earnings of ($0.02) per share and revenue of $99.92 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Applied Optoelectronics Price Performance

NASDAQ:AAOI opened at $26.43 on Wednesday. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $44.50. The stock has a 50 day moving average of $31.75 and a two-hundred day moving average of $23.24. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.24 billion, a P/E ratio of -12.83 and a beta of 2.36.

Insider Activity at Applied Optoelectronics

In related news, Director Richard B. Black sold 8,162 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $37.18, for a total value of $303,463.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William H. Yeh sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $43.08, for a total value of $430,800.00. Following the completion of the transaction, the director now owns 223,538 shares in the company, valued at $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 67,744 shares of company stock worth $2,469,335. Insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAOI shares. Northland Securities restated an “outperform” rating and set a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Raymond James boosted their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, December 20th. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 target price on the stock. in a report on Tuesday, December 10th. Rosenblatt Securities boosted their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $29.20.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.