Applied Optoelectronics (AAOI) Receives Analyst Rating

Applied Optoelectronics (AAOI) : Zacks Investment Research ranks Applied Optoelectronics (AAOI) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 6 research analysts is 1.33, which indicates as a Strong Buy.

Applied Optoelectronics (AAOI) : 6 Wall Street analysts covering Applied Optoelectronics (AAOI) believe that the average level the stock could reach for the short term is $23.25. The maximum price target given is $28 and the minimum target for short term is around $17, hence the standard deviation is calculated at $3.79.


Applied Optoelectronics (NASDAQ:AAOI): After opening at $21.64, the stock dipped to an intraday low of $21.31 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $22.32 and the buying power remained strong till the end. The stock closed at $21.65 for the day, a gain of 0.23% for the day session. The total traded volume was 590,043. The stocks close on the previous trading day was $21.6.

Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for three networking end-markets: Internet data center, cable television (CATV) and fiber-to-the-home (FTTH). The Company designs and manufactures optical communications products at varying levels of integration, from components, subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land, Texas, Ningbo, China and Taipei, Taiwan. It designs, manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process. The Company manufactures the majority of the laser chips and optical components that are used in its products.

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