Applied Optoelectronics (NASDAQ:AAOI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $(0.21-0.30) for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.19). The company issued revenue guidance of $46-49 million, compared to the consensus revenue estimate of $51.84 million.
Shares of NASDAQ:AAOI traded up $0.19 during trading on Friday, hitting $10.88. 986,760 shares of the company traded hands, compared to its average volume of 718,548. The stock has a market capitalization of $227.30 million, a price-to-earnings ratio of 20.53 and a beta of 2.05. The business’s fifty day moving average is $10.55 and its 200-day moving average is $10.12. Applied Optoelectronics has a one year low of $8.34 and a one year high of $23.38. The company has a quick ratio of 1.75, a current ratio of 2.95 and a debt-to-equity ratio of 0.37.
Applied Optoelectronics (NASDAQ:AAOI) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.09. The company had revenue of $46.08 million during the quarter, compared to analyst estimates of $47.75 million. Applied Optoelectronics had a negative return on equity of 6.14% and a negative net margin of 16.22%. The business’s revenue was down 18.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.14 earnings per share. On average, analysts forecast that Applied Optoelectronics will post -1.46 EPS for the current year.
Several equities analysts have recently commented on AAOI shares. Zacks Investment Research lowered Applied Optoelectronics from a buy rating to a hold rating in a report on Thursday, October 24th. ValuEngine raised Applied Optoelectronics from a buy rating to a strong-buy rating in a report on Wednesday, September 4th. Rosenblatt Securities raised Applied Optoelectronics from a neutral rating to a buy rating and upped their target price for the company from $10.00 to $13.00 in a report on Tuesday. JPMorgan Chase & Co. lowered Applied Optoelectronics from a neutral rating to an underweight rating and set a $11.00 target price for the company. in a report on Tuesday, October 22nd. They noted that the move was a valuation call. Finally, Northland Securities reaffirmed a sell rating and set a $6.50 target price on shares of Applied Optoelectronics in a report on Thursday, August 8th. Four analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Hold and an average target price of $12.69.
In related news, CFO Stefan J. Murry sold 6,000 shares of the stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $10.41, for a total value of $62,460.00. Following the completion of the transaction, the chief financial officer now directly owns 65,443 shares of the company’s stock, valued at approximately $681,261.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.90% of the company’s stock.
Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to Internet data center operators, cable television and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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