AAOI target recently cut by Rosenblatt
Feb 12, 2019
Rosenblatt analyst Jun Zhang lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $10.00 from $15.00 while maintaining a Sell rating ahead of results on Thursday, February 21, after the market close.
Zhang sees revenues of $59.5 million and EPS of -$0.02, in-line with management’s guidance. However, they are lowering FY19 sales estimates, as they believe the company has lost market share at Facebook (FB: Buy) and market demand for 100G CWDM4 modules is weaker than expected.