Applied Optoelectronics (NASDAQ:AAOI) Issues Q4 2024 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided earnings per share guidance of -0.040-0.040 for the period, compared to the consensus earnings per share estimate of 0.060. The company issued revenue guidance of $94.0 million-$104.0 million, compared to the consensus revenue estimate of $98.6 million. Applied Optoelectronics also updated its Q4 guidance to ($0.04) to $0.04 EPS.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAOI. StockNews.com upgraded shares of Applied Optoelectronics to a “sell” rating in a research note on Friday, October 25th. Rosenblatt Securities raised their price objective on Applied Optoelectronics from $20.00 to $27.50 and gave the company a “buy” rating in a research note on Friday. Northland Securities lifted their price objective on Applied Optoelectronics from $18.00 to $25.00 and gave the stock an “outperform” rating in a research report on Friday. Raymond James lifted their price target on Applied Optoelectronics from $17.00 to $23.00 and gave the company an “outperform” rating in a research report on Friday. Finally, B. Riley lowered their price objective on Applied Optoelectronics from $12.00 to $9.00 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.70.

Applied Optoelectronics Stock Up 55.1 %

Applied Optoelectronics stock traded up $9.86 during trading hours on Friday, reaching $27.76. The stock had a trading volume of 19,430,463 shares, compared to its average volume of 2,523,117. Applied Optoelectronics has a 52 week low of $6.70 and a 52 week high of $27.81. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -14.53 and a beta of 1.96. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 0.97. The business’s 50 day moving average price is $15.59 and its 200-day moving average price is $11.79.

Insiders Place Their Bets

In other Applied Optoelectronics news, insider David C. Kuo sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $15.02, for a total value of $150,200.00. Following the completion of the sale, the insider now directly owns 132,921 shares of the company’s stock, valued at $1,996,473.42. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.40% of the company’s stock.

About Applied Optoelectronics

Applied Optoelectronics, Inc designs, manufactures, and sells fiber-optic networking products in the United States, Taiwan, and China. It offers optical modules, optical filters, lasers, laser components, subassemblies, transmitters and transceivers, turn-key equipment, headend, node, distribution equipment, and amplifiers.