Applied Optoelectronics Inc. (NASDAQ:AAOI) shares traded up 3.3% during trading on Friday . The company traded as high as $14.02 and last traded at $14.00, with a volume of 395,216 shares changing hands. The stock had previously closed at $13.55.

A number of research analysts have recently commented on the company. Piper Jaffray Cos. reissued a “buy” rating and set a $14.00 price objective (down previously from $21.00) on shares of Applied Optoelectronics in a report on Tuesday, May 10th. Roth Capital reaffirmed a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, August 2nd. Zacks Investment Research raised Applied Optoelectronics from a “sell” rating to a “hold” rating in a report on Tuesday, July 12th. Finally, Cowen and Company reaffirmed a “buy” rating on shares of Applied Optoelectronics in a report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $19.75.

The stock’s 50 day moving average price is $11.92 and its 200-day moving average price is $13.18. The firm has a market cap of $239.43 million and a PE ratio of 51.70.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.10. The firm earned $55.30 million during the quarter, compared to the consensus estimate of $50.84 million. During the same quarter last year, the firm earned $0.38 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Applied Optoelectronics Inc. will post $0.58 earnings per share for the current fiscal year.

In other news, Director Alan D. Moore purchased 105,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The shares were bought at an average cost of $10.08 per share, for a total transaction of $1,058,400.00. Following the completion of the acquisition, the director now directly owns 222,542 shares in the company, valued at approximately $2,243,223.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Min-Chu (Mike) Chen purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was purchased at an average price of $9.98 per share, for a total transaction of $99,800.00. Following the completion of the acquisition, the director now owns 13,262 shares of the company’s stock, valued at $132,354.76. The disclosure for this purchase can be found here.

Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: Internet data center, cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration, from components, subassemblies and modules to turn-key equipment.

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