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Needham: AAOI sell-off is "overdone"Oct. 22, 2018 9:29 AM ET|By: Brandy Betz, SA News Editor • Needham analyst Alex Henderson says the Applied Optoelectronics (NASDAQ:AAOI) “sell-off is overdone.” • Henderson says the “outlook could be much better than people think” and expects demand for 100G transceivers to double with stable pricing continuing into CY19. • The analyst notes that the previous customer halt is no longer an issue. • Rating reiterated at Buy with a $35 price target. • Source: Bloomberg First Word. • AAOI shares are up 2.7% premarket to $22.49. Shares have dropped 33% in the past month, 47.8% in the quarter, and 42% YTD. |
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