Applied Optoelectronics (AAOI) Receiving Somewhat Positive Media Coverage, Report Shows

News stories about Applied Optoelectronics (NASDAQ:AAOI) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Applied Optoelectronics earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 46.3004750484634 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:

Applied Optoelectronics (NASDAQ AAOI) opened at $38.89 on Friday. Applied Optoelectronics has a fifty-two week low of $21.88 and a fifty-two week high of $103.41. The company has a market cap of $753.77, a P/E ratio of 9.37, a PEG ratio of 0.75 and a beta of 2.88. 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 (NASDAQ:AAOI) last announced its earnings results on Tuesday, November 7th. The semiconductor company reported $1.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.31 by ($0.23). The business had revenue of $88.90 million for the quarter, compared to the consensus estimate of $88.53 million. Applied Optoelectronics had a return on equity of 32.35% and a net margin of 21.29%. The firm’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.38 earnings per share. research analysts predict that Applied Optoelectronics will post 4.22 EPS for the current fiscal year.

Several equities research analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 2nd. BidaskClub cut shares of Applied Optoelectronics from a “sell” rating to a “strong sell” rating in a report on Saturday, December 9th. Cowen reaffirmed a “buy” rating and set a $60.00 target price (down from $74.00) on shares of Applied Optoelectronics in a report on Thursday, December 7th. TheStreet cut shares of Applied Optoelectronics from a “b-” rating to a “c” rating in a report on Wednesday, November 15th. Finally, ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Five investment analysts have rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and four have issued a strong buy rating to the company’s stock. Applied Optoelectronics presently has an average rating of “Buy” and a consensus target price of $60.20.

In related news, Director Richard B. Black sold 1,000 shares of Applied Optoelectronics stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $40.43, for a total value of $40,430.00. Following the transaction, the director now directly owns 35,478 shares of the company’s stock, valued at $1,434,375.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Chih-Hsiang (Thompson) Lin sold 1,300 shares of Applied Optoelectronics stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $45.30, for a total transaction of $58,890.00. Following the completion of the transaction, the chief executive officer now directly owns 522,837 shares in the company, valued at $23,684,516.10. The disclosure for this sale can be found here. Insiders sold 7,900 shares of company stock worth $365,804 over the last three months. 8.19% of the stock is currently owned by insiders.

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Applied Optoelectronics Company Profile

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.

Insider Buying and Selling by Quarter for Applied Optoelectronics (NASDAQ:AAOI)

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