CORRECTION – Applied Optoelectronics Reports Fourth Quarter and Full Year 2023 Results

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Go back to CORRECTION – Applied Optoelectronics Reports Fourth Quarter and Full Year 2023 Results

Applied Optoelectronics (AAOI) PT Lowered to $18 at Northland Capital Markets, 'Strong 400G Ramp Drives Solid Q4'

February 23, 2024 7:35 AM EST

Northland Capital Markets analyst Tim Savageaux lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $18.00 (from $20.00) while maintaining a Outperform rating.

The analyst comments "We maintain our OP with our PT down to $18 post a mixed Q4 report/ outlook,... More

Applied Optoelectronics (AAOI) Defended at Rosenblatt: 'Buy On Weakness'

February 23, 2024 6:54 AM EST

Rosenblatt analyst Mike Genovese lowered the price target on Applied Optoelectronics (NASDAQ: AAOI) to $20.00 (from $23.00) while maintaining a Buy rating.

The analyst comments "4Q24 was slightly disappointing on revenues due to a 100G price cut, but strong on GMs (up ~400bps q/q to 36.4%) and earnings. The bigger near-term disappointment was... More