Applied Optoelectronics: Top Idea - Raising Price Target To $54 [Seeking Alpha]
Applied Optoelectronics, Inc. (AAOI)
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm
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US:NASDAQ Investor Relations:
investors.ao-inc.com/investor-relations
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Source: Seeking Alpha
Summary In my first article on Applied Opto for Seeking Alpha, published on November 11, 2016, I established 12-month "stand alone" stock price targets of $30 and $38, which represented a 15x P/E multiple applied to my expectations for $2.00 in non-GAAP EPS in 2017 and the same multiple off $2.50 of potential non-GAAP EPS in 2018. At the time Street consensus for 2017 was $1.61 and 2018 had few published estimates. I also set a 12-month "take out" target of $44, as I believe consolidation is likely in the optical industry and Applied Opto is a prime candidate to be acquired by one of the larger players. Given the strength of Applied Opto's recent operational execution, the ramp of its new lower cost products, and solid early stage demand for 100G transceivers for hyperscale/cloud computing applications, the company has just stepped up to a new level of profitability. In my view, this substantially raises the bar on the concept of cross cycle "normalized" earnings power. I
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AAOI
News
- Applied Optoelectronics: A Turnaround Could Be Around The Corner [Seeking Alpha]Seeking Alpha
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at Rosenblatt Securities from $20.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- Applied Optoelectronics, Inc. (NASDAQ:AAOI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at B. Riley from $16.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
- Applied Optoelectronics, Inc. (NASDAQ: AAOI) had its price target lowered by analysts at B. Riley Financial, Inc. from $16.00 to $12.00. They now have a "neutral" rating on the stock.MarketBeat
AAOI
Earnings
- 5/9/24 - Beat
AAOI
Sec Filings
- 5/15/24 - Form 4
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- AAOI's page on the SEC website