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Fly News Breaks for February 22, 2019
Feb 22, 2019 | 07:42 EDT
As previously reported, Needham analyst Alex Henderson downgraded Applied Optoelectronics to Hold after its Q4 results and below-consensus Q1 guidance, saying the company's on-going losses and lack of visibility toward profitability were "bruising". The analyst notes that his prior thesis of expected revenue rebound after resolved production issues and inventory clean-up is "no longer valid" given the company's below-consensus gross margins and lacking visibility around demand.
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