Applied Optoelectronics (NASDAQ:AAOI) updated its first quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.28-0.34 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.69. The company issued revenue guidance of $67-71 million, compared to the consensus revenue estimate of $86.45 million.

A number of research firms recently weighed in on AAOI. ValuEngine raised Applied Optoelectronics from a buy rating to a strong-buy rating in a research report on Tuesday, November 14th. Piper Jaffray Companies reiterated a buy rating and set a $51.00 target price on shares of Applied Optoelectronics in a research note on Friday, November 10th. TheStreet downgraded Applied Optoelectronics from a b- rating to a c rating in a research note on Wednesday, November 15th. Cowen reiterated a buy rating and set a $60.00 target price (down from $74.00) on shares of Applied Optoelectronics in a research note on Thursday, December 7th. Finally, Zacks Investment Research upgraded Applied Optoelectronics from a strong sell rating to a hold rating in a research note on Wednesday, December 13th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, four have assigned a buy rating and three have assigned a strong buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $51.53.

Shares of Applied Optoelectronics (NASDAQ:AAOI) traded up $1.22 on Wednesday, reaching $34.55. The company’s stock had a trading volume of 2,276,560 shares, compared to its average volume of 1,290,000. The company has a current ratio of 2.99, a quick ratio of 2.02 and a debt-to-equity ratio of 0.12. Applied Optoelectronics has a 1-year low of $28.56 and a 1-year high of $103.41. The stock has a market cap of $669.65, a P/E ratio of 8.25, a price-to-earnings-growth ratio of 0.65 and a beta of 2.51.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $0.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.83 by $0.06. The firm had revenue of $79.90 million for the quarter, compared to the consensus estimate of $86.52 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period last year, the business posted $0.84 EPS. equities analysts expect that Applied Optoelectronics will post 4.21 earnings per share for the current fiscal year.

In other news, Director Richard B. Black sold 1,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $35.37, for a total value of $35,370.00. Following the transaction, the director now directly owns 34,478 shares in the company, valued at approximately $1,219,486.86. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 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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