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Stock impact report

Applied Optoelectronics (AAOI) Climbs 20% on Higher 800G Transceiver Demand [Yahoo! Finance]

Applied Optoelectronics, Inc. (AAOI) 
Last applied optoelectronics, inc. earnings: 2/27 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
Company Research Source: Yahoo! Finance
increase by 20.34 percent on Thursday to close at $103.91 apiece, after announcing an increased demand for its 800G data center transceivers. In an updated report, Applied Optoelectronics Inc. (NASDAQ:AAOI) said that its major hyperscale customer upsized to $124 million its order for 800G single-mode data center transceivers, more than doubling its existing backlog for the latter. “This increased order for our 800G transceivers reflects both the customer's confidence in AOI and the growing demand for 800G optics,” Applied Optoelectronics Inc. (NASDAQ:AAOI) Chairman and CEO Dr. Thompson Lin said “Following product qualification, we expect to begin delivering both the initial order—totaling more than $53 million—and this additional order in the second quarter. We anticipate completing delivery of the initial order in the third quarter, with this new order by the end of this year. We also recently shipped the first 10,000 units of an 800G single-mode transceiver order to another hypersca Show less Read more
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