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Fly News Breaks for August 8, 2018
AAOI
Aug 8, 2018 | 06:30 EDT
Loop Capital analyst James Kisner raised his price target on Applied Optoelectronics to $45 after its "strong" Q2 results showed a surge in 100G data center revenue, even though its Q3 guidance was "somewhat mixed and impacted by new testing requirements". The analyst also cites the company's ability to maintain relatively high margin within a competitive environment, but keeps a Hold rating on the stock, calling for a longer history of exceeding expectations.
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