News headlines about Applied Optoelectronics (NASDAQ:AAOI) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Applied Optoelectronics earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Accern’s scoring:
- [$$] An Existential Threat to Fiberoptics Makers? (finance.yahoo.com)
- Long Term: Applied Optoelectronics, Inc. (AAOI) strong Trend – Stocks Gallery (stocksgallery.com)
- Applied Optoelectronics Stock Continues to Defy Gravity (profitconfidential.com)
- Check Point (CHKP) Tops Q2 Earnings, Down on Soft Q3 View (finance.yahoo.com)
- NCR Corp (NCR) Q2 Earnings Top & Revenues Miss,'17 View Same (finance.yahoo.com)
AAOI has been the subject of several research reports. BidaskClub upgraded shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Roth Capital upped their price target on shares of Applied Optoelectronics from $70.00 to $90.00 and gave the company a “buy” rating in a research report on Thursday, July 13th. ValuEngine downgraded shares of Applied Optoelectronics from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. DA Davidson upped their price target on shares of Applied Optoelectronics from $95.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, July 14th. Finally, Craig Hallum reiterated a “buy” rating and issued a $95.00 price target (up previously from $85.00) on shares of Applied Optoelectronics in a research report on Friday, July 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $78.97.
Applied Optoelectronics (AAOI) traded up 1.30% on Friday, reaching $89.95. 5,134,566 shares of the company traded hands. Applied Optoelectronics has a 52-week low of $11.60 and a 52-week high of $95.67. The firm has a 50 day moving average price of $68.97 and a 200 day moving average price of $51.50. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 31.69 and a beta of 2.84.
Applied Optoelectronics (NASDAQ:AAOI) last announced its quarterly earnings results on Thursday, May 4th. The semiconductor company reported $1.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.09. The business had revenue of $96.20 million during the quarter, compared to analysts’ expectations of $96.20 million. Applied Optoelectronics had a return on equity of 31.53% and a net margin of 20.57%. The firm’s quarterly revenue was up 90.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS. Equities research analysts predict that Applied Optoelectronics will post $5.01 EPS for the current year.
In related news, Director Chewei Lin sold 22,500 shares of the business’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $65.00, for a total value of $1,462,500.00. Following the completion of the sale, the director now owns 74,017 shares of the company’s stock, valued at approximately $4,811,105. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel David C. Kuo sold 3,787 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $60.00, for a total value of $227,220.00. Following the completion of the sale, the general counsel now directly owns 27,460 shares of the company’s stock, valued at approximately $1,647,600. The disclosure for this sale can be found here. In the last three months, insiders sold 137,048 shares of company stock valued at $9,563,786. 8.19% of the stock is currently owned by company insiders.
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About Applied Optoelectronics
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.
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