Applied Optoelectronics Inc. – Nasdaq: AAOI
Shares of Applied Optoelectronics Inc. surged over 20% in after-hours trading on news that future earnings will be above street estimates. AAOI revised revenue projections to between $84.5 and $84.8 million – well above previous projections between $75 and $79 million. Traded on the Nasdaq under ticker symbol AAOI, the shares ended the regular session at $22.72 however in the after-hours market the shares rose to $27.50.
Los Angeles, CA-based Applied Optoelectronics, Inc. designs, manufactures, and sells fiber-optic networking products primarily for internet data centers, cable television, and fiber-to-the-home networking end-markets.
From their press release:
“”We delivered a strong fourth quarter with top and bottom-line results expected to exceed our guidance,” said Dr. Thompson Lin, Applied Optoelectronics, Inc. founder, president and CEO. “Accelerated demand for our market-leading datacenter products and increased capacity fueled our results. Additionally, we continued to drive manufacturing efficiencies, which contributed to a record gross margin. We are excited by the good close to the year and look forward to sharing the additional details of our fourth quarter performance on our conference call in February.”
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|Last Price a/o 6:57 PM EST||$ 27.05|
|Market Cap||$397.6 million|
|Shares Outstanding||17.5 million|
|Share Float||16.34 million|
|Short Interest Ratio||5.67|