Applied Optoelectronics (NASDAQ:AAOI) will post its quarterly earnings results after the market closes on Thursday, February 21st. Analysts expect Applied Optoelectronics to post earnings of ($0.16) per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
NASDAQ:AAOI opened at $14.94 on Thursday. The company has a market capitalization of $290.25 million, a PE ratio of 3.53, a P/E/G ratio of 0.61 and a beta of 2.49. The company has a current ratio of 2.60, a quick ratio of 1.30 and a debt-to-equity ratio of 0.19. Applied Optoelectronics has a 12-month low of $13.42 and a 12-month high of $50.30.
In related news, CFO Stefan J. Murry sold 2,000 shares of Applied Optoelectronics stock in a transaction that occurred on Wednesday, December 19th. The stock was sold at an average price of $15.40, for a total value of $30,800.00. Following the sale, the chief financial officer now directly owns 64,520 shares in the company, valued at $993,608. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 4,000 shares of company stock worth $63,220. Company insiders own 6.90% of the company’s stock.
A number of research analysts have recently issued reports on the company. Zacks Investment Research lowered Applied Optoelectronics from a “buy” rating to a “hold” rating in a report on Wednesday. Rosenblatt Securities restated a “sell” rating and issued a $10.00 price target (down from $15.00) on shares of Applied Optoelectronics in a research note on Tuesday. Finally, ValuEngine downgraded Applied Optoelectronics from a “hold” rating to a “sell” rating in a research note on Tuesday, December 25th. Six research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.00.
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About Applied Optoelectronics
Applied Optoelectronics, Inc designs, manufactures, and sells various fiber-optic networking products worldwide. It offers optical modules, lasers, 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 telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels.
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