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Fly News Breaks for August 16, 2017
AAOI
Aug 16, 2017 | 09:37 EDT
BWS Financial analyst Hamed Khorsand said Applied Optoelectronics (AAOI) held an investor call to describe the manufacturing efficiencies the company has and the advantage it serves, but the little bit of commentary from management during the Q&A session may scare bulls further. The company is facing price erosion at an accelerated rate that could cause quarterly numbers to continue to trend down, the analyst wrote. Khorsand said commentary regarding gross margins and pricing further give credence to his Sell rating and $25 price target.
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