Applied Optoelectronics (NASDAQ:AAOI) Updates Q3 2024 Earnings Guidance

Applied Optoelectronics (NASDAQ:AAOI) issued an update on its third quarter 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of -0.200–0.140 for the period, compared to the consensus EPS estimate of -0.130. The company issued revenue guidance of $60.0 million-$66.0 million, compared to the consensus revenue estimate of $64.5 million.

Analyst Ratings Changes

AAOI has been the subject of several research reports. StockNews.com raised shares of Applied Optoelectronics to a sell rating in a research note on Monday, July 29th. B. Riley Financial reduced their price target on Applied Optoelectronics from $16.00 to $12.00 and set a neutral rating on the stock in a report on Friday, May 10th. B. Riley cut their price objective on shares of Applied Optoelectronics from $16.00 to $12.00 and set a neutral rating for the company in a research report on Friday, May 10th. Finally, Rosenblatt Securities reduced their target price on shares of Applied Optoelectronics from $20.00 to $16.00 and set a buy rating on the stock in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Applied Optoelectronics presently has an average rating of Hold and an average target price of $15.00.

Applied Optoelectronics Trading Up 4.6 %

Shares of AAOI traded up $0.32 during trading on Tuesday, reaching $7.29. 3,408,891 shares of the company traded hands, compared to its average volume of 2,448,402. The stock has a 50-day simple moving average of $9.36 and a 200-day simple moving average of $12.52. The stock has a market cap of $283.64 million, a PE ratio of -4.01 and a beta of 1.97. Applied Optoelectronics has a twelve month low of $6.66 and a twelve month high of $24.75. The company has a quick ratio of 1.06, a current ratio of 1.79 and a debt-to-equity ratio of 0.39.

Applied Optoelectronics (NASDAQ:AAOI) last posted its quarterly earnings data on Thursday, May 9th. The semiconductor company reported ($0.39) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.36) by ($0.03). The company had revenue of $40.67 million for the quarter, compared to analysts’ expectations of $43.56 million. Applied Optoelectronics had a negative return on equity of 16.30% and a negative net margin of 30.65%. On average, analysts anticipate that Applied Optoelectronics will post -0.66 earnings per share for the current year.

Applied Optoelectronics Company Profile

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.