41.58 +0.11 (0.27%)
After hours: 7:54PM EDT
|Bid||41.46 x 200|
|Ask||41.68 x 100|
|Day's Range||41.21 - 42.60|
|52 Week Range||18.85 - 103.41|
|PE Ratio (TTM)||9.85|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The hottest stock among short sellers is Applied Optoelectronics Inc (NASDAQ: AAOI ), according to data compiled by FIS Astec Analytics. Applied Optoelectronics moves up to the hottest short stock from ...
The good news for AAOI stock, at least from a long-term perspective, is that at those late July levels, the stock had more than quadrupled since the beginning of the year. On this site, Luke Lango argued on Friday that AAOI was a steal under $50. Both authors make good points and combined a good contrarian case for AAOI stock.
Shares of Applied Optoelectronics are down more than 20% Friday and more than 50% from its high. But several analysts contend that upside remains.
Shares of fiber-optic component vendor Applied Optoelectronics (AAOI) plunged nearly 20% on worries that it will have difficulty recovering from a pullback from its biggest customer, Amazon (AMZN). Rosenblatt Securities’ Jun Zhang takes a look at the stock today, writing that he isn’t surprised about the company’s announcement, but writes that it’s a company specific issue, and he’s maintaining his bullish stance on data center market demand in general. Zhang estimates that Amazon’s 100G demand will remain strong during the third and fourth quarter, and that Luxtera gained share from AAOI during the last round of orders thanks to aggressive pricing tactics.
Aalok Devkota recommended Applied Optoelectronics (AAOI) 2 days ago at about $60. Today it is at $47 and change. What happened, and what is Aalok doing about it?
Amazon.com, Inc. (NASDAQ:AMZN), Applied Opto’s largest customer, which suddenly and dramatically lowered its spend on AAOI products in the third quarter. Consequently, AAOI stock is off about 20% in Friday trading. The stock is dirt cheap, the secular growth story (outside of Amazon) remains intact, there aren’t any signs that this Amazon shortage problem is permanent and the company has now significantly lessened its reliance on Amazon.
Shares of Applied Optoelectronics (NASDAQ: AAOI ) lost more than 20 percent Friday morning. The company announced Thursday afternoon its largest customer, Amazon.com, Inc. (NASDAQ: AMZN ), is no longer ...
Shares of fiber-optic component vendor Applied Optoelectronics (AAOI) are down $11.62, or almost 20%, at $47.22, in pre-market trading, continuing last night’s losses, after the company warned it will miss its prior forecast for Q3 because of a shortfall of sales from its largest cloud computing customer, Amazon (AMZN). On a conference call following the report, the company’s CFO, Steffan Murray, and CEO Dr. Thompson Lin expressed confidence in the business, and said that the breach in sales was something that could affect other vendors, not just Applied. Hamed Khorsand with the boutique firm BWS Financial, who had been one of the more vocal skeptics of Applied, this morning reiterates his Sell rating, writing that "AAOI will have a difficult time in recovering lost revenue from AMZN at the 100G level because there are several competitors AMZN already uses for 100G, not just AAOI." Among others, Intel (INTC) is now a factor, he writes: Intel who started to ship competing CWDM4 transceivers in the third quarter.
Shares of fiber-optic component supplier Applied Optoelectronics (AAOI) remain under pressure following the company's warning tonight its Q3 results will come in much less than expected because of a big shortfall in sales to one of its cloud customers, a "disappointment" the company has been discussing on the conference call tonight with analysts. Of particular interest, perhaps, to fiber optics investors, the company's management on the call implied the shortfall is not just Applied's problem, that the "transition" going on at a single large customer of Applied's is not "unique to AOI," adding "it's something that very likely will affect or has affected other companies as well." Shares of fiber competitors Lumentum (LITE), Finisar (FNSR), Oclaro (OCLR), Macom (MTSI), and Acacia Communications (ACIA), for example, are all fractionally lower this evening.
Shares of Applied Optoelectronics Inc. fell 17% late Thursday after the Sugar Land, Texas, company warned investors about lower-than-expected third-quarter profit and revenue thanks to lower sales to one ...
Applied Optoelectronics crashed again Thursday after it preannounced third-quarter earnings that missed views by a mile.
CEO Dr. Thompson Lin said that the results "were negatively impacted by lower than expected sales to one of our large datacenter customers." "Despite this shortfall, we maintained a strong gross margin profile in the quarter, and continued to experience solid demand with our other top datacenter customers,” said Lin. Lin said the company was "disappointed," but that "we continue to feel good about our leadership position in advanced optics." Applied is hosting a conference call with analysts at 4:30 pm, Eastern time, to discuss the revised forecast.
Applied Optoelectronics lost over 40% last month. This could be a buying opportunity if your assessment of the news differs from the market's. Aalok Devkota took advantage of the dip to initiate a position.
Applied Optoelectronics Inc (NASDAQ:AAOI) is a classic case of a hyper growth company that hits the wall. During August, the company reported disappointing earnings, with the guidance calling for a 5% drop in revenues for Q3. By comparison, the prior quarter saw a 112% spike on the top-line and a 22% quarter-over-quarter ramp!Source: Shutterstock
Since then, every rally in AAOI stock has been faded and the stock appears to be in a solid downtrend. Although the stock may be due for some turbulence in the near-term, AAOI is a materially undervalued stock with significant long-term upside from these depressed levels. AAOI makes parts for hyperscale data center operators like Amazon.com, Inc. (NASDAQ:AMZN), Microsoft Corporation (NASDAQ:MSFT), Alibaba Group Holding Ltd (NASDAQ:BABA), and Baidu Inc (ADR) (NASDAQ:BIDU).
AAOI stock shot up from $20 at the start of the year, to more than $100 a share. Since that earnings report in early August, AAOI stock has lost a stunning 43% of its value. China Market Still Slow: The optical equipment sector trades heavily based on Chinese demand.
Surging implied volatility makes Applied Optoelectronics, Inc. (AAOI) stock lucrative to the option traders.
If you own or have been watching Applied Optoelectronics Inc (NASDAQ:AAOI) for any length of time, then you almost certainly already know AAOI stock took a 34% tumble in early August. A major buyer of its fiberoptic networking equipment — Amazon.com, Inc. (NASDAQ:AMZN) — is no longer using Applied Optoelectronics’ hardware. Rather, this huge customer will be seeking an alternative solution as it continues to expand its server warehousing footprint.
From the start of June until now, the shares of Applied Optoelectronics Inc (NASDAQ:AAOI) have dropped by nearly 9% to $63.80. During this same period AAOI stock hit nearly $100. OK, then, so why was there a big drop in AAOI stock during the summer?
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Applied Optoelectronics, Inc. Here are 5 ETFs with the largest exposure to AAOI-US. Comparing the performance and risk of Applied Optoelectronics, Inc. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns with lower volatility. Ticker ... Read more (Read more...)
Applied Optoelectronics Inc (NASDAQ:AAOI), a technology hardware and equipment company based in United States, saw a double-digit share price rise of over 10% in the past couple of months onRead More...
The company has been a big winner for investors this year, but after a pullback last month, there could be more risks investors should be aware of.