Price Don’t Lie: Could Applied Optoelectronics Inc Change Direction After Today’s Huge Decline?

Price Don't Lie: Could Applied Optoelectronics Inc Change Direction After Today's Huge Decline?

The stock of Applied Optoelectronics Inc (NASDAQ:AAOI) is a huge mover today! The stock decreased 3.47% or $0.77 during the last trading session, hitting $21.44. About 282,389 shares traded hands. Applied Optoelectronics Inc (NASDAQ:AAOI) has risen 16.97% since March 1, 2016 and is uptrending. It has outperformed by 4.75% the S&P500.
The move comes after 5 months negative chart setup for the $389.40 million company. It was reported on Oct, 4 by Barchart.com. We have $19.30 PT which if reached, will make NASDAQ:AAOI worth $38.94M less.

Analysts await Applied Optoelectronics Inc (NASDAQ:AAOI) to report earnings on November, 3. They expect $0.13 earnings per share, down 64.86% or $0.24 from last year’s $0.37 per share. AAOI’s profit will be $2.36M for 41.23 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Applied Optoelectronics Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

Applied Optoelectronics Inc (NASDAQ:AAOI) Ratings Coverage

Out of 4 analysts covering Applied Optoelectronics (NASDAQ:AAOI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Applied Optoelectronics has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, August 6 the stock rating was maintained by Northland Capital with “Outperform”. On Thursday, February 25 the stock rating was maintained by Cowen & Co with “Outperform”.

According to Zacks Investment Research, “Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company’s products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Applied Optoelectronics, Inc. is headquartered in Sugar Land, Texas.”

Insitutional Activity: The institutional sentiment decreased to 0.71 in 2016 Q2. Its down 1.61, from 2.32 in 2016Q1. The ratio dived, as 24 funds sold all Applied Optoelectronics Inc shares owned while 28 reduced positions. 13 funds bought stakes while 24 increased positions. They now own 12.65 million shares or 9.15% less from 13.93 million shares in 2016Q1.
Wasatch Advsrs Inc, a Utah-based fund reported 494,417 shares. State Street holds 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 234,931 shares. Geduld E E, a New York-based fund reported 33,000 shares. New York State Common Retirement Fund last reported 15,200 shares in the company. Geode Mgmt Llc owns 103,071 shares or 0% of their US portfolio. The New York-based Morgan Stanley has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). The California-based Schwab Charles Invest Management has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). Citadel Advsr Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Bank & Trust Of America De reported 520 shares or 0% of all its holdings. S Squared Tech Limited Liability Company accumulated 2.06% or 176,384 shares. Signia Capital Ltd Limited Liability Company holds 5.27% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 149,224 shares. Raymond James And Associate owns 80,966 shares or 0% of their US portfolio. Moreover, Gray Finance Ga Adv Adv has 0% invested in Applied Optoelectronics Inc (NASDAQ:AAOI) for 20,748 shares. Waddell Reed Financial has invested 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI). Ruggie Cap Group owns 2 shares or 0% of their US portfolio.

Insider Transactions: Since May 25, 2016, the stock had 2 insider purchases, and 4 selling transactions for $92,083 net activity. 1,325 shares were sold by Murry Stefan J., worth $18,234 on Monday, August 1. $99,750 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares were bought by Chen Min-Chu (Mike). 594 shares were sold by Kuo David C, worth $8,126 on Monday, August 1. Chang Hung-Lun (Fred) also sold $13,043 worth of Applied Optoelectronics Inc (NASDAQ:AAOI) shares. The insider Yeh William H bought $101,460.

More news for Applied Optoelectronics Inc (NASDAQ:AAOI) were recently published by: Fool.com, which released: “Why Shares of Applied Optoelectronics Inc. Are Surging Today” on September 07, 2016. Rttnews.com‘s article titled: “Applied Optoelectronics Inc. (AAOI) Leaped After Q3 Forecast Boosted” and published on September 08, 2016 is yet another important article.

AAOI Company Profile

Applied Optoelectronics, Inc., incorporated on March 25, 2013, is a vertically integrated well-known provider of fiber-optic networking products. The Firm offers its products for approximately three networking end markets, such as Internet data center; cable television (CATV), and fiber-to-the-home (FTTH). The Firm creates and makes a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. The Company’s clients in the Internet data center market include Internet (Web 2.0) data center operators, to whom it supplies optical transceivers that plug into switches and servers within the data center, and allow these network devices to send and receive data over fiber optic cables. To the CATV market, the Company supplies a range of products, including lasers, transmitters and turnkey equipment, as well as headend, node and distribution equipment. The Firm designs, makes and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process.

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