Applied Optoelectronics Sees Unusually High Options Volume (AAOI)

Applied Optoelectronics, Inc. (NASDAQ:AAOI) has noticeable measure of stock volatility, for this average true range is an exponential moving average (14 trading days) of the True Ranges. They are also projecting the Low EPS estimate of $1.15 and the High EPS estimate of $1.41. Ward Ferry Management Ltd bought 67,900 shares as the company's stock rose 2.51% with the market. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Applied Optoelectronics, Inc. (AAOI) recorded volume accumulation so there will probably be a surplus of buyers at $64.60. Murry Stefan J. sold 3,168 shares worth $201,185. Staying current on economic data can also help the investor obtain a broader sense of what is driving present market conditions. The disclosure for this sale can be found here.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Bogle Inv Limited Partnership De holds 0.41% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 255,602 shares. The Wilkins Investment Counsel Inc holds 136,558 shares with $4.32 million value, up from 125,633 last quarter.

There are 238 institutional holders with active positions, accounting for 15.94 million shares in total. Of those analysts, 7 rate stock as a Strong Buy, 0 rate it as Hold, and just no analyst rates it as a Moderate Sell. Credit Suisse Ag holds 0% of its portfolio in Applied Optoelectronics Inc (NASDAQ:AAOI) for 13,798 shares.

Market capitalization is the total market value of all of a company's outstanding shares. Relative Strength Index (RSI-14) for Applied Optoelectronics, Inc. Hedge funds and other institutional investors own 81.70% of the company's stock.

Shares of Applied Optoelectronics (AAOI) opened at 58.30 on Friday. The stock now has a Market Cap of $1.11B. AAOI's latest closing price was 26.62% away from the average-price of 200 days while it maintained a distance of -8.60% from the 50 Day Moving Average and 10.86% away compared to its SMA 20.

Applied Optoelectronics, Inc. has a one year low of $8.08 and a one year high of $38.89. The company had revenue of $117.40 million for the quarter, compared to the consensus estimate of $117.34 million. Applied Optoelectronics had a net margin of 21.92% and a return on equity of 31.31%. The business's revenue for the quarter was up 112.3% compared to the same quarter past year. The current consensus recommendation provided by covering analysts is 3.10. On additional rally, the share price will meet long term resistance at around $66.30. Sell-side analyst recommendations point to a short term price target of $85.67 on the company shares. Vetr raised shares of Applied Optoelectronics from a "buy" rating to a "strong-buy" rating and set a $76.81 price objective on the stock in a research report on Wednesday, August 9th.

The alleged false and misleading statements and omissions include, but are not limited to, that: (i) purchases of the Company's 40G receivers by one of its largest customer accounts were being reduced; (ii) this reduction was expected to have a severe negative impact on the Company's financial performance; and (iii) as a result of the foregoing, Applied Optoelectronics' financial statements were materially false and misleading at all relevant times. Roth Capital reissued a "buy" rating and set a $70.00 price objective (up from $60.00) on shares of Applied Optoelectronics in a research report on Friday, May 5th.

Analysts await Applied Optoelectronics Inc (NASDAQ:AAOI) to report earnings on November, 2. Also, there are 0 buy, 0 sell and 2 strong sell ratings, collectively assigning a 1.89 average brokerage recommendation.

ILLEGAL ACTIVITY NOTICE: This piece was first reported by Week Herald and is the property of of Week Herald.

Applied Optoelectronics, a vertically integrated well-known provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television, fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment.

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