Applied Optoelectronics (AAOI) Projected to Post Quarterly Earnings on Wednesday

Applied Optoelectronics (NASDAQ:AAOI - Get Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Applied Optoelectronics to post earnings of ($0.02) per share and revenue of $99.92 million for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Applied Optoelectronics Price Performance

NASDAQ AAOI traded down $0.46 during trading hours on Friday, reaching $27.04. 7,229,476 shares of the stock traded hands, compared to its average volume of 3,154,218. The stock has a 50 day simple moving average of $31.51 and a two-hundred day simple moving average of $23.30. Applied Optoelectronics has a 1 year low of $6.70 and a 1 year high of $44.50. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.61 and a quick ratio of 1.06. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -13.13 and a beta of 2.36.

Insider Buying and Selling at Applied Optoelectronics

In other news, CFO Stefan J. Murry sold 4,000 shares of the business's stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $31.72, for a total value of $126,880.00. Following the sale, the chief financial officer now directly owns 212,129 shares of the company's stock, valued at $6,728,731.88. The trade was a 1.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William H. Yeh sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $43.08, for a total value of $430,800.00. Following the completion of the sale, the director now directly owns 223,538 shares in the company, valued at approximately $9,630,017.04. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 54,250 shares of company stock valued at $1,976,264. 5.40% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently commented on AAOI. StockNews.com upgraded Applied Optoelectronics to a "sell" rating in a report on Friday, January 31st. Rosenblatt Securities raised their target price on Applied Optoelectronics from $27.50 to $44.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Northland Securities reissued an "outperform" rating and issued a $40.00 target price (up from $25.00) on shares of Applied Optoelectronics in a research note on Wednesday, December 18th. B. Riley cut Applied Optoelectronics from a "neutral" rating to a "sell" rating and set a $14.00 target price on the stock. in a research note on Tuesday, December 10th. Finally, Raymond James raised their target price on Applied Optoelectronics from $17.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.