Applied Optoelectronics (AAOI) Projected to Post Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI) will likely 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 that wish to register for the company’s conference call can do so using this link.

Applied Optoelectronics Stock Performance

NASDAQ:AAOI opened at $27.32 on Tuesday. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -13.26 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 stock’s 50 day simple moving average is $31.17 and its two-hundred day simple moving average is $23.80. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06.

Insider Activity at Applied Optoelectronics

In related news, Director Min-Chu (Mike) Chen sold 9,790 shares of the business’s stock in a transaction on Friday, November 29th. The stock was sold at an average price of $40.00, for a total transaction of $391,600.00. Following the completion of the transaction, the director now owns 165,054 shares in the company, valued at $6,602,160. The trade was a 5.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard B. Black sold 10,000 shares of the stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $29.00, for a total value of $290,000.00. Following the completion of the sale, the director now owns 157,813 shares in the company, valued at approximately $4,576,577. The trade was a 5.96 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,088 shares of company stock worth $1,672,801. Insiders own 5.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Northland Securities reaffirmed an “outperform” rating and set a $40.00 price target (up previously from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research report on Friday, January 31st. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. B. Riley cut Applied Optoelectronics from a “neutral” rating to a “sell” rating and set a $14.00 price objective on the stock. in a research note on Tuesday, December 10th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Applied Optoelectronics in a research note on Monday. Two research 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.com, Applied Optoelectronics has an average rating of “Hold” and an average target price 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.