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Fly News Breaks for April 14, 2015
AAOI
Apr 14, 2015 | 06:35 EDT
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.
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