Applied Optoelectronics (AAOI) Misses Q1 EPS by 5c

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Applied Optoelectronics (AAOI) PT Lowered to $11 at DA Davidson

May 9, 2019 10:17 AM EDT

DA Davidson analyst Mark Kelleher lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $11.00 (from $16.00) while maintaining a Neutral rating following the company's 1Q. AAOI posted revenues of $52.7M and EPS of $(0.27).

Management provided guidance of $50M-$55M. During the quarter AAOI had... More