Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Applied Optoelectronics (NASDAQ:AAOI) Share Price
News coverage about Applied Optoelectronics (NASDAQ:AAOI) has trended somewhat positive on Monday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Applied Optoelectronics earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the semiconductor company an impact score of 45.8623888711469 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Edited Transcript of AAOI earnings conference call or presentation 3-Aug-17 8:30pm GMT (finance.yahoo.com)
- Northland Securities Downgrades Applied Optoelectronics, Inc. (AAOI) to Market Perform (americanbankingnews.com)
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) Upgraded to Strong-Buy at ValuEngine (americanbankingnews.com)
- DA Davidson Analysts Give Applied Optoelectronics, Inc. (NASDAQ:AAOI) a $103.00 Price Target (americanbankingnews.com)
- SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Applied Optoelectronics, Inc … – PR Newswire (press release) (prnewswire.com)
Applied Optoelectronics (AAOI) opened at 64.60 on Monday. Applied Optoelectronics has a 12-month low of $11.67 and a 12-month high of $103.41. The firm has a 50-day moving average of $74.92 and a 200-day moving average of $55.92. The firm has a market cap of $1.23 billion, a P/E ratio of 22.76 and a beta of 2.98. Applied Optoelectronics also was the target of some unusual options trading on Friday. Stock traders purchased 18,051 call options on the company. This represents an increase of 250% compared to the average volume of 5,155 call options.
Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Thursday, August 3rd. The semiconductor company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.28. The business had revenue of $117.40 million for the quarter, compared to analysts’ expectations of $117.34 million. Applied Optoelectronics had a return on equity of 31.31% and a net margin of 21.92%. Applied Optoelectronics’s quarterly revenue was up 112.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.16 earnings per share. On average, analysts expect that Applied Optoelectronics will post $5.30 EPS for the current year.
AAOI has been the subject of a number of recent analyst reports. Cowen and Company raised their price target on shares of Applied Optoelectronics from $75.00 to $94.00 and gave the stock an “outperform” rating in a research report on Friday, May 5th. BidaskClub raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 31st. Vetr downgraded shares of Applied Optoelectronics from a “strong-buy” rating to a “buy” rating and set a $84.73 price target for the company. in a research report on Friday, July 14th. ValuEngine raised shares of Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a research report on Friday. Finally, Needham & Company LLC initiated coverage on shares of Applied Optoelectronics in a research report on Monday, May 22nd. They set a “strong-buy” rating and a $85.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, seven have given a buy rating and five have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.17.
In other news, Director William H. Yeh sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $72.12, for a total transaction of $2,163,600.00. Following the sale, the director now directly owns 71,167 shares in the company, valued at $5,132,564.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Stefan J. Murry sold 3,168 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $63.51, for a total value of $201,199.68. Following the sale, the chief financial officer now owns 58,526 shares in the company, valued at $3,716,986.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 138,742 shares of company stock worth $9,725,420. 8.19% of the stock is currently owned by company insiders.
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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