Applied Optoelectronics (NASDAQ:AAOI) Releases Q4 2021 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $-0.240-$-0.200 for the period, compared to the Thomson Reuters consensus estimate of $-0.200. The company issued revenue guidance of $51 million-$55 million, compared to the consensus revenue estimate of $58.17 million.

Shares of NASDAQ:AAOI traded up $0.11 during midday trading on Thursday, reaching $6.03. The company had a trading volume of 334,141 shares, compared to its average volume of 651,540. The company’s 50 day moving average price is $6.90 and its 200 day moving average price is $7.47. The company has a current ratio of 2.15, a quick ratio of 1.14 and a debt-to-equity ratio of 0.37. The stock has a market cap of $164.61 million, a P/E ratio of -2.94 and a beta of 1.75. Applied Optoelectronics has a 52-week low of $5.55 and a 52-week high of $13.95.

Applied Optoelectronics (NASDAQ:AAOI) last issued its quarterly earnings results on Thursday, November 4th. The semiconductor company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.39) by $0.19. Applied Optoelectronics had a negative net margin of 25.33% and a negative return on equity of 11.15%. During the same period in the prior year, the company posted ($0.17) EPS. Research analysts forecast that Applied Optoelectronics will post -1.23 EPS for the current fiscal year.

A number of equities analysts recently weighed in on AAOI shares. Zacks Investment Research raised shares of Applied Optoelectronics from a sell rating to a hold rating in a report on Monday, October 11th. Rosenblatt Securities lowered their price objective on Applied Optoelectronics from $10.50 to $8.00 and set a neutral rating on the stock in a research note on Friday, August 6th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Applied Optoelectronics currently has a consensus rating of Hold and a consensus price target of $10.31.

A number of institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA increased its position in shares of Applied Optoelectronics by 94.8% during the third quarter. BNP Paribas Arbitrage SA now owns 21,432 shares of the semiconductor company’s stock valued at $154,000 after buying an additional 10,431 shares during the period. Bank of New York Mellon Corp increased its position in shares of Applied Optoelectronics by 7.8% during the third quarter. Bank of New York Mellon Corp now owns 144,412 shares of the semiconductor company’s stock valued at $1,036,000 after buying an additional 10,475 shares during the period. Finally, Invesco Ltd. increased its position in shares of Applied Optoelectronics by 3.5% during the third quarter. Invesco Ltd. now owns 182,876 shares of the semiconductor company’s stock valued at $1,313,000 after buying an additional 6,129 shares during the period. Institutional investors and hedge funds own 48.87% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless.

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