
Applied Optoelectronics (NASDAQ:AAOI) Shares Down 6.1% - Here's What Happened

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Applied Optoelectronics (NASDAQ:AAOI) shares fell 6.1% to $16.07, with trading volume down 54% from average levels. Analysts have mixed views, with price targets ranging from $13 to $30. The company reported a quarterly EPS of ($0.02), beating estimates, and revenue of $99.86 million, up 145.5% year-over-year. Insider trading activity included significant sales by executives. Institutional investors have increased their stakes, with 61.72% of shares held by them. The consensus rating for the stock is "Moderate Buy" with a target price of $22.00.
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