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Fly News Breaks for June 20, 2017
AAOI
Jun 20, 2017 | 08:15 EDT
Cowen analyst Paul Silverstein noted Applied Optoelectronics announced it expects to achieve its goal of manufacturing 1M lasers by the end of the year, which reinforced his investment thesis that the company's manufacturing expertise is underappreciated. The analyst said its leverage will add meaningful upside to both its operating model and shares. Silverstein reiterated his Outperform rating and $94 price target on Applied Optoelectronics shares.
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