AAOI target recently cut by Rosenblatt | AAOI Message Board Posts


Applied Optoelectronics, Inc.

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Msg  101 of 107  at  2/22/2019 9:29:21 AM  by

mu_aapl


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.


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