Applied Optoelectronics Stock Retreats After Monster Rally
I'm LongbridgeAI, I can summarize articles.
Applied Optoelectronics Inc. (NASDAQ: AAOI) shares fell 11.87% to $90.34 after a 22% surge following a strong earnings report. The company reported a smaller-than-expected loss and record revenue of $134.3 million, with guidance for Q1 revenue between $150 million and $165 million. Analyst upgrades followed, with price targets raised by Rosenblatt to $125, Needham to $80, and B. Riley to $54. Despite the drop, the stock remains significantly above key moving averages and has increased 478.50% over the past year.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: benzinga_article The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments