Applied Optoelectronics Reports First Quarter 2016 Results
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Piper Jaffray Remains Bullish as Applied Optoelectronics (AAOI) Reports 1Q In-Line with Pre-Announcement
May 10, 2016 9:36 AM EDTPiper Jaffray maintained an Overweight rating on Applied Optoelectronics (NASDAQ: AAOI), and cut the price target to $14.00 (from $21.00), following the company's 1Q earnings report. Revenues of $50.4M were inline with the companys pre-announced guidance of $50 50.5M. Higher than expected opex resulted in operating margins of (0.9%) and translated into non-GAAP EPS of ($0.04).
Analyst Troy... More
