Applied Optoelectronics (AAOI) to Release Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI) is expected to be posting its quarterly earnings results 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. Individual that wish to register for the company’s earnings conference call can do so using this link.

Applied Optoelectronics Trading Down 1.7 %

Shares of AAOI stock opened at $27.04 on Monday. The firm has a market cap of $1.27 billion, a P/E ratio of -13.13 and a beta of 2.36. Applied Optoelectronics has a 1-year low of $6.70 and a 1-year high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The firm’s 50-day simple moving average is $31.32 and its 200-day simple moving average is $23.67.

Insider Activity at Applied Optoelectronics

In related news, Director Richard B. Black sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $29.00, for a total value of $290,000.00. Following the transaction, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. This trade represents a 5.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Stefan J. Murry sold 2,298 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $35.17, for a total transaction of $80,820.66. Following the completion of the sale, the chief financial officer now directly owns 209,831 shares of the company’s stock, valued at $7,379,756.27. This trade represents a 1.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 54,250 shares of company stock worth $1,976,264. Company insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Applied Optoelectronics Company Profile

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.