Economy

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, Inc.is 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.



Like this

Latest


20 September 2017
'He Was Murdered,' Alleges Pianist Karan Joseph's Father, Demands Inquiry
This is why my wife and I went to Mumbai. "Karan not signing the contract would mean a great loss for Rave". He contradicted the police probe by saying no one saw Karan jump off from the 12th floor.

20 September 2017
Danaher Corporation (NYSE:DHR) Shorts Up 18.87% - Shares Trading Down
Following the transaction, the insider now directly owns 155,520 shares in the company, valued at approximately $12,718,425.60. As a result, the EPS growth for the following year exhibits * 8.59% with an EPS growth for the past 5 years at * 2.10%.

20 September 2017
Rite Aid Corporation (NYSE:RAD) Slips -7.33% in Pre-market
On average, equities analysts predict that Rite Aid Corporation will post ($0.10) earnings per share for the current fiscal year. Geode Cap Management Limited Liability Corporation reported 0.03% of its portfolio in Rite Aid Corporation (NYSE: RAD ).

20 September 2017
Crews respond to reported house explosion
De Souza, of Nashua, could be heard yelling for help by locals in the neighborhood, but when help arrived, it was too late. Tuesday on Foxberry Drive, according to police. "The whole house shook", Foxberry Drive resident Mike Stanley said.

20 September 2017
Possible tornado damages barns in Linn County
There were also reports of another funnel cloud near Molalla at around the same time Tuesday. Four barns suffered extensive wind damage and two structures are completely destroyed.

20 September 2017
Chicago Bulls hire Doug Collins as senior adviser of basketball operations
The Bulls have an 83-81 record and one playoff appearance in two seasons under coach Fred Hoiberg . But things are sure to get awkward if things go downhill, as expected, on the court.

20 September 2017
Texas man dies after punch attack in downtown Austin
The suspects who punched Marques is described as an African-American male, approximately 25 years of age between 5'10-6' tall. Police said one of those men threw an object at Johnson's head, and a second man threw a punch that knocked him out cold.

20 September 2017
Sealed Air Corporation (NYSE:SEE) Shares Sold by Artemis Investment Management LLP
The share price of Sealed Air Corporation (NYSE:SEE) was down -1.29% during the last trading session, with a day high of 43.72. The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion.

20 September 2017
Contradicting IDF, US says it didn't establish military base in Israel
The Band-X radar has since been renamed to the Terminal High Altitude Area Defense (THAAD) system. It demonstrates the "years-old alliance between the United States and the State of Israel".

20 September 2017
Tax foreclosures down 88 percent in Detroit
The United Community Housing Coalition knocked on her door in a city effort to advise renters to put their payments into escrow. 12,552 houses were tax-foreclosed and eligible to be listed in Wayne County's online property auction a year ago .



Recommended