Applied Optoelectronics (AAOI) Releases Q2 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) issued an update on its second quarter earnings guidance on Wednesday morning. The company provided EPS guidance of ($0.43-0.35) for the period, compared to the Thomson Reuters consensus EPS estimate of ($0.19). The company issued revenue guidance of $40-45 million, compared to the consensus revenue estimate of $52.38 million.Applied Optoelectronics also updated its Q2 2019 guidance to $-0.43–0.35 EPS.

NASDAQ:AAOI traded down $0.24 on Friday, hitting $8.74. 3,743 shares of the company’s stock were exchanged, compared to its average volume of 728,000. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.12 and a quick ratio of 1.82. Applied Optoelectronics has a 52 week low of $8.63 and a 52 week high of $50.30. The stock has a market capitalization of $177.82 million, a PE ratio of 16.60 and a beta of 1.96.

Applied Optoelectronics (NASDAQ:AAOI) last released its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.05). The firm had revenue of $52.72 million for the quarter, compared to analyst estimates of $52.86 million. Applied Optoelectronics had a negative return on equity of 0.36% and a negative net margin of 5.78%. The firm’s revenue for the quarter was down 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.28 earnings per share. On average, analysts anticipate that Applied Optoelectronics will post -1.52 earnings per share for the current fiscal year.

Several research firms have recently weighed in on AAOI. Zacks Investment Research lowered shares of Applied Optoelectronics from a hold rating to a sell rating in a research note on Wednesday, April 3rd. TheStreet lowered shares of Applied Optoelectronics from a c- rating to a d+ rating in a research note on Thursday, May 9th. Rosenblatt Securities restated a sell rating and set a $10.00 price objective on shares of Applied Optoelectronics in a research note on Monday, April 15th. Finally, BidaskClub upgraded shares of Applied Optoelectronics from a strong sell rating to a sell rating in a research note on Saturday, April 13th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $20.50.

An institutional investor recently raised its position in Applied Optoelectronics stock. Geode Capital Management LLC boosted its stake in Applied Optoelectronics Inc (NASDAQ:AAOI) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 208,739 shares of the semiconductor company’s stock after purchasing an additional 8,793 shares during the period. Geode Capital Management LLC owned about 1.05% of Applied Optoelectronics worth $3,220,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 63.26% of the company’s stock.

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Applied Optoelectronics Company Profile

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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Earnings History and Estimates for Applied Optoelectronics (NASDAQ:AAOI)

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