Streetbeat News

AAOI

Applied Optoelectronics, Inc.

Industry

Semiconductors

Applied Optoelectronics, Inc. designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, subassemblies, transmitters and transceivers, and turn-key equipment, as well as headend, node, and distribution equipment. The company sells its products to internet data center operators, cable television and telecom equipment manufacturers, and internet service providers through its direct and indirect sales channels. Applied Optoelectronics, Inc. was incorporated in 1997 and is headquartered in Sugar Land, Texas.

Open

23.66

Mkt cap

1.1B

Volume

17M

High

23.69

P/E Ratio

-4.91

52-wk high

44.50

Low

19.80

Div yield

N/A

52-wk low

6.70

Applied Optoelectronics shares are trading lower following the company's announcement of weak guidance for the second quarter.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:12 pm

Applied Optoelectronics anticipates its Q2 adjusted EPS to be between $(0.34) and $(0.29), which is below the estimated $(0.12). The company also expects revenue to be in the range of $41.5M to $46.5M, significantly lower than the estimated $57.19M.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:12 pm

Applied Optoelectronics (AAOI) reported Q1 2024 adjusted EPS of $(0.31), missing the $(0.29) estimate, with sales of $40.7M also missing the $43.594M estimate, marking a 23.21% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 8:11 pm

FibeReality's Mark Lutkowitz revealed on LinkedIn that Applied Optoelectronics has potentially secured a second hyperscaler account with META, indicating a significant business development for the company.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:43 pm

Vaxxinity, Inc. announced its intention to voluntarily delist and deregister its Class A common stock, causing a sharp decline in its shares by around 55%. Other stocks experienced significant movements, with Matterport, Inc. seeing a jump due to an acquisition announcement by CoStar Group, and various companies reporting gains due to positive developments such as USDA approvals, IPO pricing, and compliance regains. Conversely, several companies faced declines due to negative news such as wind-down activities, delisting determinations, and price reductions.

Portfolio Pulse from Avi Kapoor

April 22, 2024 | 5:26 pm

United Airlines Holdings, Inc. (NASDAQ:UAL) reported better-than-expected Q1 financial results, leading to an 11.2% increase in its stock price. Other companies like Edible Garden AG, The Children's Place, Cullinan Therapeutics, and Interactive Brokers also saw significant stock movements due to various factors including preliminary results, new financing agreements, analyst ratings, and quarterly earnings.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 2:55 pm

In Friday's after-market session, several Information Technology stocks showed notable movements. Akoustis Technologies, Arqit Quantum, Microvision, NextNav, Applied Optoelectronics, and Expensify were among the gainers, with increases ranging from 4.89% to 5.0%. On the downside, OMNIQ, One Stop Systems, My Size, T Stamp, Argo Blockchain, and XTI Aerospace experienced declines between 2.59% and 3.9%.

Portfolio Pulse from Benzinga Insights

April 12, 2024 | 8:30 pm

Applied Optoelectronics, Inc. (AAOI) has reached a settlement in its patent infringement lawsuit against Molex, LLC. This resolution may impact AAOI's financial and market position positively, as it potentially safeguards its intellectual property and could lead to financial compensation or beneficial terms.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 4:43 pm

In Friday's after-market session, several Information Technology stocks showed notable movements. Auddia, Sobr Safe, XTI Aerospace, Ondas Holdings, TROOPS, and Applied Optoelectronics were among the gainers, with Auddia leading at a 14% increase. On the downside, Baijiayun Group, CCSC Technology, MultiSensor AI Holdings, DatChat, Gryphon Digital Mining, and SMX experienced declines, with Baijiayun Group dropping the most at 7.3%. Ondas Holdings and Gryphon Digital Mining's recent Q4 earnings reports were highlighted.

Portfolio Pulse from Benzinga Insights

April 05, 2024 | 8:31 pm

Applied Optoelectronics (NYSE:AAOI) has seen a decrease in short interest, with the short percent of float falling 3.18% to 24.03%. This indicates fewer shares are being shorted compared to the last report. The company's short interest is significantly higher than its peer group average of 7.73%. Short interest is a key indicator of market sentiment, and a decrease suggests investors may be becoming more bullish on AAOI.

Portfolio Pulse from Benzinga Insights

April 03, 2024 | 8:00 pm

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