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A statement released earlier today by Needham about Applied Optoelectronics (NDAQ:AAOI) bumps the target price to $85.00

Needham bumped up the target of Applied Optoelectronics (NDAQ:AAOI) to $85.00 stating a potential upside of 0.21%.

On 4/19/2017, Cowen released a statement on Applied Optoelectronics (NDAQ:AAOI) bumped up the target price from $66.00 to $75.00 that suggested an upside of 0.71%.

Boasting a price of $70.41, Applied Optoelectronics (NDAQ:AAOI) traded -0.28% lower on the day. With the last close up -33.60% from the two hundred day average, compared with the S&P 500 Index which has increased 0.01% over the date range. Applied Optoelectronics has recorded a 50-day average of $58.22 and a two hundred day average of $63.51. Volume of trade was down over the average, with 1,826,305 shares of AAOI changing hands under the typical 3,345,600

Performance Chart

Applied Optoelectronics (NDAQ:AAOI)

With a total market value of $0, Applied Optoelectronics has price-earnings ratio of 10.02 with a one year low of $18.85 and a one year high of $103.41 .

More About Applied Optoelectronics (NDAQ:AAOI)

Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), 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. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process.

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