DA Davidson Downgrades Applied Optoelectronics (AAOI) to Neutral

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Applied Optoelectronics Reports Fourth Quarter and Year 2018 Results

February 21, 2019 4:10 PM EST

SUGAR LAND, Texas, Feb. 21, 2019 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced financial results for its fourth quarter and year ended Dec. 31, 2018.

In the fourth quarter, customer demand was consistent with our expectations, and we delivered revenue and earnings within our guidance range, said Dr. Thompson Lin, Applied Optoelectronics Inc. founder and CEO. While 2018 had its challenges for the overall optics market and for AOI, we made good progress on diversifying... More