Rosenblatt Securities analyst Ryan Koontz maintained a Hold rating on Applied Optoelectronics (AAOI) on August 3 and set a price target of $14.00. The company’s shares closed last Monday at $13.82.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 24.2% and a 69.7% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, CommScope Holding, and Juniper Networks.
Applied Optoelectronics has an analyst consensus of Hold, with a price target consensus of $16.43, implying a 3.4% upside from current levels. In a report issued on August 7, Craig-Hallum also upgraded the stock to Hold with a $19.00 price target.
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Based on Applied Optoelectronics’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $40.47 million and GAAP net loss of $16.8 million. In comparison, last year the company earned revenue of $43.41 million and had a GAAP net loss of $11.37 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AAOI in relation to earlier this year.
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Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless. The company was founded by Chih Hsiang Lin on February 28, 1997 and is headquartered in Sugar Land, TX.
