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AAOI

Applied Optoelectronics

$78.04

5.4 (7.43%)

08:25
07/14/17
07/14
08:25
07/14/17
08:25

Applied Optoelectronics price target raised to $95 from $85 at Craig-Hallum

Craig-Hallum analyst Richard Shannon said Applied Optoelectronics' pre-announcement of another strong quarter of results is indicative of a strong demand data center environment and while he sees pricing becoming more competitive in the second half, he also believes the company will be able to compete effectively and maintain share. He raised his price target on Applied Optoelectronics to $95 from $85 and reiterates a Buy rating on the shares.

  • 03

    Aug

  • 05

    Sep

AAOI Applied Optoelectronics
$78.04

5.4 (7.43%)

07/13/17
ROTH
07/13/17
NO CHANGE
Target $90
ROTH
Buy
Applied Optoelectronics price target raised to $90 from $70 at Roth Capital
Roth Capital analyst Brian Alger said Applied Optoelectronics' pre-announced gross margins of 45% were 300bps better than he had expected and he assumes most of the upside came from datacenter. Given the gross margin beat, Alger said his "entire model and outlook must be adjusted." He increased his target multiple on the stock and raised his price target on Applied Optoelectronics to $90 from $70 while keeping a Buy rating on the shares.
07/13/17
PIPR
07/13/17
NO CHANGE
Target $90
PIPR
Overweight
Applied Optoelectronics price target raised to $90 from $85 at Piper Jaffray
Piper Jaffray analyst Troy Jensen said margins like those pre-announced by Applied Optoelectronics for this quarter "have never been seen before in the optical component industry" and he expects the company's top line strength and industry leading gross and operating margin levels can continue. He raised his price target on Applied Optoelectronics to $90 from $85 and reiterates an Overweight rating on the shares.
06/29/17
DADA
06/29/17
INITIATION
Target $95
DADA
Buy
Applied Optoelectronics initiated with a Buy at DA Davidson
DA Davidson analyst Mark Kelleher started Applied Optoelectronics with a Buy rating and $95 price target.
06/26/17
NEED
06/26/17
NO CHANGE
NEED
Needham says Applied Optoelectronics competition with Ma-Com expected
Following the finding that Fabrinet (FN) is ramping a CDWM 100G product for Amazon Web Services (AMZN) using MACOM's (MSTI) design and components, Needham analyst Alex Henderson noted that he had expected head-to-head competition with MACOM when started coverage of Applied Optoelectronics (AAOI), though he adds that he hadn't expected it would be at AWS. He still believes Applied Optoelectronics will "solidly beat and raise over the next year" and keeps a Strong Buy rating and $85 price target on the stock, which is down 4% to $63.24 in early trading.

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