Applied Optoelectronics (AAOI) Set to Announce Quarterly Earnings on Wednesday

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Applied Optoelectronics (NASDAQ:AAOI) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.47) per share for the quarter. Applied Optoelectronics has set its Q2 2019 guidance at $-0.43–0.35 EPS and its Q2 guidance at ($0.43-0.35) EPS.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.05). Applied Optoelectronics had a negative return on equity of 0.36% and a negative net margin of 5.78%. The business had revenue of $52.72 million for the quarter, compared to analyst estimates of $52.86 million. During the same quarter last year, the business earned $0.28 EPS. Applied Optoelectronics’s revenue for the quarter was down 19.2% compared to the same quarter last year. On average, analysts expect Applied Optoelectronics to post $-2 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

AAOI stock opened at $9.80 on Tuesday. Applied Optoelectronics has a 52-week low of $8.56 and a 52-week high of $46.00. The business’s fifty day simple moving average is $9.68. The company has a quick ratio of 1.82, a current ratio of 3.12 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $190.55 million, a PE ratio of 18.49 and a beta of 2.13.

AAOI has been the topic of several analyst reports. Rosenblatt Securities upgraded Applied Optoelectronics from a “sell” rating to a “neutral” rating and set a $10.00 price objective on the stock in a report on Thursday, June 27th. JPMorgan Chase & Co. initiated coverage on Applied Optoelectronics in a report on Monday, July 29th. They set a “neutral” rating and a $11.00 price objective on the stock. Zacks Investment Research cut Applied Optoelectronics from a “hold” rating to a “strong sell” rating in a report on Thursday, August 1st. TheStreet cut Applied Optoelectronics from a “c-” rating to a “d+” rating in a report on Thursday, May 9th. Finally, ValuEngine upgraded Applied Optoelectronics from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.64.

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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Earnings History for Applied Optoelectronics (NASDAQ:AAOI)

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