Applied Optoelectronics (AAOI) to Release Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI) is expected to be issuing its quarterly earnings data after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $99.92 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Applied Optoelectronics Stock Up 2.0 %

Applied Optoelectronics stock opened at $26.43 on Wednesday. Applied Optoelectronics has a twelve month low of $6.70 and a twelve month high of $44.50. The stock’s fifty day simple moving average is $31.75 and its 200-day simple moving average is $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 capitalization of $1.24 billion, a P/E ratio of -12.83 and a beta of 2.36.

Insider Buying and Selling at Applied Optoelectronics

In other Applied Optoelectronics news, Director Elizabeth G. Loboa sold 13,494 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $36.54, for a total value of $493,070.76. Following the completion of the transaction, the director now owns 124,500 shares in the company, valued at $4,549,230. This represents a 9.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard B. Black sold 8,162 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $37.18, for a total transaction of $303,463.16. The disclosure for this sale can be found here. Insiders sold 67,744 shares of company stock worth $2,469,335 over the last 90 days. Corporate insiders own 5.40% of the company’s stock.

Wall Street Analysts Forecast Growth

AAOI has been the topic of a number of recent research reports. StockNews.com raised Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. Rosenblatt Securities upped their price objective on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. Raymond James increased their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, December 20th. B. Riley lowered 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. Finally, Northland Securities reissued an “outperform” rating and issued a $40.00 target price (up previously from $25.00) on shares of Applied Optoelectronics in a report on Wednesday, December 18th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus 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.