Applied Optoelectronics (NASDAQ:AAOI) posted its quarterly earnings data on Wednesday. The semiconductor company reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.11) by $0.25, Fidelity Earnings reports. The firm had revenue of $56.40 million during the quarter, compared to analyst estimates of $56.55 million. Applied Optoelectronics had a net margin of 10.95% and a return on equity of 14.77%. Applied Optoelectronics’s revenue was down 36.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.08 EPS. Applied Optoelectronics updated its Q4 2018 guidance to $-0.07-0.04 EPS and its Q4 guidance to ($0.07)-$0.04 EPS.
Shares of AAOI stock traded up $2.32 during trading hours on Thursday, hitting $21.70. The company’s stock had a trading volume of 4,029,898 shares, compared to its average volume of 1,372,497. The company has a market capitalization of $399.87 million, a P/E ratio of 5.13, a price-to-earnings-growth ratio of 1.81 and a beta of 2.56. The company has a debt-to-equity ratio of 0.17, a current ratio of 3.22 and a quick ratio of 1.92. Applied Optoelectronics has a 12-month low of $17.95 and a 12-month high of $50.30.
A number of research analysts have issued reports on the stock. Craig Hallum set a $19.00 price target on shares of Applied Optoelectronics and gave the company a “sell” rating in a research note on Friday, September 28th. DA Davidson upped their price target on shares of Applied Optoelectronics to $42.00 and gave the company a “buy” rating in a research note on Thursday. Cowen restated an “outperform” rating and set a $25.00 price target (down previously from $53.00) on shares of Applied Optoelectronics in a research note on Thursday. Loop Capital cut their price target on shares of Applied Optoelectronics to $8.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Rosenblatt Securities reaffirmed a “sell” rating and issued a $30.00 price objective on shares of Applied Optoelectronics in a report on Wednesday, July 11th. Seven research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Applied Optoelectronics has an average rating of “Hold” and a consensus target price of $25.11.
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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