Applied Optoelectronics (AAOI) Releases Q4 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) issued an update on its fourth quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.07)-$0.04 for the period, compared to the Thomson Reuters consensus estimate of $0.38. The company issued revenue guidance of $56-63 million, compared to the consensus revenue estimate of $74.09 million.Applied Optoelectronics also updated its Q4 2018 guidance to $-0.07-0.04 EPS.

Shares of AAOI stock traded up $0.43 during trading on Friday, reaching $22.13. The company’s stock had a trading volume of 47,778 shares, compared to its average volume of 1,001,844. The company has a quick ratio of 1.92, a current ratio of 3.22 and a debt-to-equity ratio of 0.17. The firm has a market cap of $399.87 million, a PE ratio of 5.22, a P/E/G ratio of 1.81 and a beta of 2.56. Applied Optoelectronics has a one year low of $17.95 and a one year high of $50.30.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings results on Wednesday, November 7th. The semiconductor company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.25. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. The firm had revenue of $56.40 million for the quarter, compared to analyst estimates of $56.55 million. During the same period in the prior year, the firm posted $1.08 earnings per share. The company’s quarterly revenue was down 36.6% compared to the same quarter last year. On average, equities analysts predict that Applied Optoelectronics will post 0.75 earnings per share for the current fiscal year.

AAOI has been the subject of a number of research analyst reports. BidaskClub cut Applied Optoelectronics from a strong-buy rating to a buy rating in a report on Friday, July 20th. Piper Jaffray Companies reissued a hold rating and set a $43.00 target price on shares of Applied Optoelectronics in a report on Wednesday, August 8th. Loop Capital reissued a hold rating and set a $45.00 target price on shares of Applied Optoelectronics in a report on Wednesday, August 8th. Needham & Company LLC cut Applied Optoelectronics from a strong-buy rating to a buy rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Finally, Craig Hallum set a $28.00 target price on Applied Optoelectronics and gave the company a sell rating in a report on Wednesday, August 8th. Seven investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $25.11.

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

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