Applied Optoelectronics (AAOI, Financial) experienced a significant stock price increase of 5.20%, reaching $38.63 per share with a trading volume of 787,147 shares and a turnover rate of 1.59%. The stock's amplitude was 6.32%. Recent financial reports indicate that the company generated $65.15 million in revenue, but reported a net loss of $17.76 million, resulting in an earnings per share of -$0.42 and a gross profit of $15.82 million. The price-to-earnings ratio stands at -18.89.
Among analysts, 80% recommend buying AAOI, while 20% suggest selling, with no hold recommendations. Within the broader telecommunications industry, the stock's sector rose by 0.37%. Notably, other active stocks include Amplitech Group, Inc. and Siyata Mobile, Inc., with significant turnover rates and price fluctuations.
Applied Optoelectronics specializes in fiber-optic networking products for data centers, cable TV, and fiber-to-the-home markets, driven by bandwidth demand.
