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Fly News Breaks for July 13, 2015
AAOI
Jul 13, 2015 | 10:56 EDT
After Applied Optoelectronics preannounced Q2 results that were "well ahead" of consensus, Piper Jaffray said it expects the company will keep benefiting from 40G demand this year and 100G demand next year. The firm noted, however, that Applied did not provide its book to bill ratio after having included the figure in its prior two preannouncements, leading Piper to think that B/B was slightly below 1.0x in Q2. The firm keeps its Overweight rating and $18 price target on the stock.
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