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Why Applied Optoelectronics Inc. Stock Jumped on Wednesday [The Motley Fool]

APPLIED OPTOELECTRONICS (AAOI)  More Company Research Source: The Motley Fool
Last applied optoelectronics earnings: 8/7 04:10 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ao-inc.com/investor-relations
PDF One analyst found strong data center demand for high-speed networking tools on a trip to Asia, spelling good news for this maker of optical modules and components. Anders Bylund ( TMFZahrim ) Apr 11, 2018 at 4:33PM What happened Shares of Applied Optoelectronics ( NASDAQ:AAOI ) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers. So what Rosenblatt analyst Jun Zhang expects a second-quarter rebound in AAOI's top line. Major customers Facebook  and Amazon.com  appear to be buying more of AAOI's high-speed optical transceivers these days, giving less of their business to China-based rival Zhongji Innolight. We believe that AAOI is seeing improved traction due to its [Read more]

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