Applied Optoelectronics (NASDAQ:AAOI) Updates Q4 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.04) to $0.04 for the period, compared to the consensus earnings per share estimate of $0.06. The company issued revenue guidance of $94 million to $104 million, compared to the consensus revenue estimate of $98.56 million.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on AAOI shares. Rosenblatt Securities restated a “buy” rating and set a $20.00 price target on shares of Applied Optoelectronics in a report on Wednesday, October 9th. B. Riley decreased their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. StockNews.com upgraded Applied Optoelectronics to a “sell” rating in a report on Friday, October 25th. Raymond James upgraded shares of Applied Optoelectronics from a “market perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Tuesday, September 3rd. Finally, B. Riley Financial reaffirmed a “neutral” rating and issued a $9.00 price target on shares of Applied Optoelectronics in a research note on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $13.75.

Applied Optoelectronics Stock Up 10.4 %

NASDAQ AAOI traded up $1.69 during trading on Thursday, hitting $17.90. 7,065,479 shares of the company traded hands, compared to its average volume of 2,475,635. The company has a market capitalization of $732.11 million, a P/E ratio of -9.28 and a beta of 1.96. The business has a fifty day simple moving average of $15.11 and a 200 day simple moving average of $11.63. Applied Optoelectronics has a 12 month low of $6.70 and a 12 month high of $24.75. The company has a current ratio of 1.64, a quick ratio of 0.97 and a debt-to-equity ratio of 0.41.

Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Tuesday, August 6th. The semiconductor company reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.29) by $0.01. Applied Optoelectronics had a negative return on equity of 19.82% and a negative net margin of 34.84%. The firm had revenue of $43.27 million during the quarter, compared to analyst estimates of $44.14 million. During the same period in the previous year, the company earned ($0.31) EPS. The company’s revenue for the quarter was up 4.0% on a year-over-year basis. As a group, sell-side analysts predict that Applied Optoelectronics will post -1.08 EPS for the current year.

Insider Buying and Selling

In related news, insider David C. Kuo sold 10,000 shares of Applied Optoelectronics stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $15.02, for a total value of $150,200.00. Following the transaction, the insider now owns 132,921 shares in the company, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 5.40% of the stock is owned by insiders.

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.