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Fly News Breaks for June 11, 2018
AAOI
Jun 11, 2018 | 07:43 EDT
Rosenblatt analyst Jun Zhang initiated Applied Optoelectronics with a Sell and $30 price target saying pricing wares are likely to continue to depress gross margins throughout the year and into 2019. Xhang expects increasing price competition in the 100G and 400G module markets and has concerns that Applied's 40% gross margins are unrealistic going forward, and does not believe this is reflected in consensus estimates. The analyst is forecasting 2019 earnings of $1.95, versus consensus of $2.86.
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