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Needham announced Applied Optoelectronics (NASDAQ:AAOI), dropping its stock price target to $75.00 today

In a report released on 10/13/2017 Needham bumped down the target of Applied Optoelectronics (NASDAQ:AAOI) from $115.00 to $75.00 indicating a possible upside of 0.27%.

On 8/4/2017, Northland Capital released a statement on Applied Optoelectronics (NASDAQ:AAOI) dropped the target price from $47.00 to $43.00 that suggested a downside of -0.56%.

Having a price of $58.84, Applied Optoelectronics (NASDAQ:AAOI) traded -4.23% lower on the day. With the last close down -8.07% from the two hundred day average, compared with the S&P 500 Index which has increased 0.03% over the same period. Applied Optoelectronics has recorded a 50-day average of $60.84 and a two hundred day average of $64.01. Volume of trade was up over the average, with 3,651,316 shares of AAOI changing hands over the typical 3,497,600

Recent Performance Chart

Applied Optoelectronics (NASDAQ:AAOI)

Applied Optoelectronics has PE ratio of 13.98 with a 52 week low of $18.85 and a 52 week high of $103.41 and has a market cap of $0.

General Information About Applied Optoelectronics (NASDAQ: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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