Applied Optoelectronics (AAOI) Crumbles: Stock Falls by 6.5%

Zacks

Applied Optoelectronics, Inc. (AAOI) saw a big move last session, as the company’s shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame.

This slump shouldn’t be too much of a surprise to investors, as the company in the Semiconductor industry has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AAOI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same space include Advanced Micro Devices, Inc. (AMD), Rambus Inc. (RMBS) and Freescale Semiconductor, Ltd. (FLS). While Advanced Micro Devices and Rambus both sport a Zacks Rank #1 (Strong Buy), Freescale Semiconductor carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>




APPLIED OPTOELECTRONICS INC (AAOI): Free Stock Analysis Report

ADVANCED MICRO DEVICES INC (AMD): Free Stock Analysis Report

RAMBUS INC (RMBS): Free Stock Analysis Report

FLOWSERVE CORP (FLS): Free Stock Analysis Report


Zacks Investment Research

Rates

View Comments (0)