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Applied Optoelectronics 'moving into a significant growth phase,' says analyst [MarketWatch]

APPLIED OPTOELECTRONICS (AAOI)  More Company Research Source: MarketWatch
Last applied optoelectronics earnings: 8/7 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
PDF Applied Optoelectronics 'moving into a significant growth phase,' says analyst DA Davidson analyst Mark Kelleher reiterated his bullish view on shares of Applied Optoelectronics Inc. AAOI, +2.02% on Wednesday, following management meetings. "We believe AAOI is moving into a significant growth phase over the next several years across multiple products and industries," Kelleher wrote. "AAOI counts Facebook FB, +0.90% Amazon AMZN, +0.82% and Microsoft MSFT, +0.59% as customers, but still has not penetrated Alphabet GOOGL, +0.44% AAOI indicated that because of an equity investment in InnoLight (a competitor to AAOI) by Google, penetrating the account has taken longer, but the company is still optimistic of eventual success." Kelleher said that the company is also looking for partnerships with other cloud players, including Alibaba Group Holding Ltd. BABA, -0.11% and Baidu Corp. BIDU, +1.25% He noted that Applied Opto's management is optimistic that prices this year won [Read more]

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