Applied Optoelectronics (AAOI) Gains as Facebook to Double Capex in 2018
Tweet
Share
E-mailGet Alerts AAOI Hot Sheet
Price: $105.36 +2.00%
Rating Summary:
5 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
Rating Summary:
5 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 3 | Down: 5 | New: 34
Join SI Premium – FREE
Applied Optoelectronics (NASDAQ: AAOI) is gaining 7% in early trade after customer Facebook (NASDAQ: FB) said it expects to double 2018 Capex, which implies ~$14 billion versus $7 billion in 2017, Cowen's John Blackledge notes. This implies Capex of ~$16.5 billion over the next 5 quarters compared to ~$6.8 billion the past 5 quarters.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- 0.4%+ MoM on Core CPI would be a 'gamechanger' for the Fed: Citi
- UBS Starts Kalyan Jewellers India Ltd (KALYANKJ:IN) at Buy
- Colgate-Palmolive explores sale of Softsoap, Irish Spring brands
Create E-mail Alert Related Categories
Analyst Comments, Hot Comments, Momentum Movers, Trader TalkRelated Entities
Cowen & CoSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
