Applied Optoelectronics (AAOI) Gains as Facebook to Double Capex in 2018
Tweet
Share
E-mailGet Alerts AAOI Hot Sheet
Price: $102.70 +1.65%
Rating Summary:
5 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
Rating Summary:
5 Buy, 5 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 5 | New: 19
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
- Trump: Scott Bessent will not be going to be super intelligence (SI) czar
- Araghchi gave Witkoff and Kushner Iran's conditions for reopening the Strait of Hormuz and resuming nuclear talks - Axios
- AOI Brings First Live Quantum30 3.0GHz Concept Demo to SCTE TechExpo in Atlanta
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!
