Form 8-K APPLIED OPTOELECTRONICS, For: Sep 28
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Applied Optoelectronics (AAOI) PT Lowered to $19 at Craig-Hallum
September 28, 2018 1:37 PM EDTCraig-Hallum analyst Richard Shannon lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $19.00 (from $28.00) while maintaining a Sell rating.
Shannon notes the company lowered guidance on quality issues, which were most likely at its no.1 customer Facebook. In addition to competition increases from Intel and others.
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