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August 13, 2014
11:08 EDTAAOIApplied Optoelectronics rallies after Q2 tops expectations
Shares of Applied Optoelectronics are moving higher after the company reported last night Q2 earnings per share of 15c, above the consensus estimate of 9c. Revenue for the quarter came in at $32.7M, above the expectation of $26.4M. For Q3, Applied Optoelectronics sees EPS of 21c-25c on revenue of $35.2M-$36.6M. For 2014, the company expects EPS of 70c-76c on revenue of $131M-$135M. AOI also announced that its CFO, James Dunn, will be leaving the company effective August 15, in order to pursue other opportunities. Dr. Stefan Murry, currently AOI's Chief Strategy Officer, has been appointed by the board to serve as CFO upon Dunn's departure. The company has also announced that Jessica Hung, who has served as AOI's controller since 2007, has been appointed to vice president of finance. Shares of Applied are up 8%, or $1.42, to $18.40 in late morning trading.
News For AAOI From The Last 14 Days
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April 17, 2015
10:00 EDTAAOIOn The Fly: Analyst Initiation Summary
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April 16, 2015
17:13 EDTAAOIApplied Optoelectronics initiated with an Outperform at Northland
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April 14, 2015
06:35 EDTAAOIApplied Optoelectronics book-to-bill shows solid demand, says Piper Jaffray
Piper Jaffray attributes Applied Optoelectronics' weaker than expected Q1 revenue outlook to supply issues with a component supplier and its inability to fully ramp production of its new 40G transceiver. Piper says that while disappointing, Applied announced its book-to-bill ratio was at 2.4 times for the period, which it believes indicates solid demand. The firm maintains an Overweight rating on the stock with a $16 price target.
April 13, 2015
19:18 EDTAAOIOn The Fly: After Hours Movers
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16:05 EDTAAOIApplied Optoelectronics sees Q2 revenue above $42M, consensus $37.62M
Dr. Thompson Lin, Applied Optoelectronics founder and CEO, stated, "Based on our sizeable order backlog and our ramping capacity both internally and with our third-party vendor, we currently expect Q2 revenue to be above $42M."
16:04 EDTAAOIApplied Optoelectronics sees Q1 revenue $30M-$30.3M, consensus $35.56M
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