B. Riley downgraded Applied Optoelectronics (AAOI) to Neutral from Buy with an unchanged price target of $14. The firm’s latest checks indicate 400G could be decelerating. With Applied Optoelectronics’ 800G yet to be qualified by any hyperscalers, the company can’t sustain a $100M quarterly run-rate on CATV alone, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAOI:
- Applied Optoelectronics (AAOI) Has Grabbed Investors’ Attention with Its Stock Rocketing 270% in Three Months
- Applied Optoelectronics put volume heavy and directionally bearish
- Applied Optoelectronics call volume above normal and directionally bullish
- Applied Optoelectronics files patent infringement claim against Eoptolink
- Unusually active option classes on open November 15th