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

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Applied Optoelectronics Reports First Quarter 2019 Results

May 8, 2019 4:10 PM EDT

SUGAR LAND, Texas, May 08, 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 first quarter ended March 31, 2019.

We achieved revenue in the first quarter of $52.7 million, which was in-line with our guidance. During the quarter, we continued to make progress on our efforts to diversify our customer base, develop innovative optical products and expand the reach of our products into new... More