Applied Optoelectronics shares are trading lower after the company issued weak Q2 guidance.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics shares are trading lower following the company's announcement of weak guidance for the second quarter.
May 09, 2024 | 8:12 pm
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NEGATIVE IMPACT
Applied Optoelectronics' stock price is expected to face downward pressure in the short term due to the announcement of weak Q2 guidance.
The announcement of weak Q2 guidance directly impacts investor sentiment and the perceived future performance of Applied Optoelectronics, likely leading to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100