Media coverage about Applied Optoelectronics (NASDAQ:AAOI) has been trending somewhat positive this week, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Applied Optoelectronics earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.1615263478469 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have impacted Accern’s analysis:
- DA Davidson Analysts Give Applied Optoelectronics (AAOI) a $55.00 Price Target (americanbankingnews.com)
- Applied Optoelectronics, Inc. (AAOI) and Tandem Diabetes Care, Inc. (TNDM) Activist Update – ValueWalk (valuewalk.com)
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) – Price to Earnings (P/E) Evaluation – Nasdaq Journal (nasdaqjournal.com)
- Stock with Unconstructive EPS Growth For Next Year: Applied Optoelectronics, Inc. (AAOI) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Technicals in Focus – Applied Optoelectronics Inc (NASDAQ: AAOI) – Alpha Beta Stock (alphabetastock.com)
AAOI has been the topic of several analyst reports. Zacks Investment Research cut Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Cowen restated a “buy” rating and set a $60.00 price target (down from $74.00) on shares of Applied Optoelectronics in a report on Thursday, December 7th. Piper Jaffray Companies restated a “buy” rating and set a $51.00 price target on shares of Applied Optoelectronics in a report on Friday, November 10th. Finally, DA Davidson set a $55.00 price target on Applied Optoelectronics and gave the stock a “buy” rating in a report on Thursday. Six research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and three have given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $48.03.
In related news, Director Richard B. Black sold 1,000 shares of the stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $35.37, for a total value of $35,370.00. Following the transaction, the director now directly owns 34,478 shares in the company, valued at approximately $1,219,486.86. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 8.19% of the stock is owned by company insiders.
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Applied Optoelectronics Company Profile
Applied Optoelectronics, Inc is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.
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