Applied Optoelectronics (AAOI) Gains as Facebook to Double Capex in 2018
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Price: $101.40 +0.37%
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
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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.
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