Cowen and Company Boosts Applied Optoelectronics Inc (AAOI) Price Target to $94.00

Cornelia Mascio
Mag 20, 2017

With the recent move, the stock now boasts a market cap of 120.94and a beta of 2.57.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. About 233,986 shares traded.

Many analysts have provided their estimated foresights on Applied Optoelectronics, Inc. It has by 0.00% the S&P500. ClariVest Asset Management LLC increased its stake in shares of Applied Optoelectronics by 5.3% in the first quarter. A rating of 4 or 5 would represent a consensus Sell recommendation. The hedge fund had between 1-10 clients.

Investors sentiment decreased to 1.32 in Q4 2016. Its up 0.11, from 1.21 in 2016Q3.

A number of other equities analysts also recently weighed in on the company. 29 funds opened positions while 33 raised stakes. Royal Fincl Bank Of Canada holds 0% or 643 shares. 269,129 are owned by Millennium Mgmt Ltd Liability. Rhumbline Advisers owns 0% invested in Artesian Resources Corporation (NASDAQ:ARTNA) for 10,088 shares. Victory Capital Mgmt Inc has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI). Lsv Asset reported 46,600 shares. Raymond James Services Advisors reported 26,496 shares or 0.01% of all its holdings. Hightower Limited invested 0.01% in Applied Optoelectronics Inc (NASDAQ:AAOI). Investors may also be paying close concentration to some simple moving average indicators on shares of Applied Optoelectronics, Inc. Tudor Inv Corp Et Al stated it has 0.01% in Applied Optoelectronics Inc (NASDAQ:AAOI). (NVAX) is its Earnings per Share or EPS. Vanguard Group Inc. raised its stake in shares of Applied Optoelectronics by 7.7% in the first quarter. The Georgia-based Invesco has invested 0% in Applied Optoelectronics Inc (NASDAQ:AAOI).

Since February 28, 2017, it had 0 buys, and 11 sales for $6.17 million activity. Finally, Vertical Research reissued a "sell" rating on shares of Applied Optoelectronics in a research report on Thursday, March 30th.

Applied Optoelectronics (NASDAQ:AAOI) has insider ownership of 8.19% and institutional ownership of 72.25%. Several investors look for stocks with a high percent of insider ownership, under this theory when management are shareholders, they will act in its own self interest, and create shareholder value in the long-term. (FET) shares have moved 4.13% in the week and -19.21% in the month. Shares for $660,092 were sold by Yeh Shu-Hua (Joshua) on Friday, May 12.

Applied Optoelectronics Inc (NASDAQ:AAOI), after opening at $60.06, closed at $63.98 by scoring 4.24%. Therefore 100% are positive. Applied Optoelectronics Inc has a 12-month low of $8.70 and a 12-month high of $67.01. Over the last 90 days, insiders sold 55,873 shares of company stock worth $3,536,656. Applied Optoelectronics had 6 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with "Outperform" rating in Thursday, February 25 report.

Applied Optoelectronics, Inc.is a vertically integrated well-known provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television, fiber-to-the-home (FTTH) and telecommunications (telecom). On Thursday, August 6 the stock rating was maintained by Northland Capital with "Outperform". The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. It has a 22.76 P/E ratio. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables.

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