Applied Optoelectronics (AAOI.O) tumbling 14.3% to $108.90, on track for biggest daily percentage drop since October 10 following Citrini Research report on photonics stocks
Shares of the provider of fiber-optic networking products have climbed for past three sessions to closing record high of $127.01 on Wed as play on AI buildout; stock is up more than 200% YTD Software stocks tumbled on Feb. 23 after Cintrini published a speculative report that envisioned a 2028 scenario where unemployment rises to 10.2%, triggered by layoffs as AI rapidly turfs out software and delivery applications Of the 7 analysts that cover AAOI, the breakdown of recommendations are 4 “strong buy” or “buy” and 3 “hold” ratings, per LSEG data
Median price target of $85 is up from $42 a month ago
AAOI has short interest of 14.04% of its outstanding shares
Forward PE of 96.7 is well above 5-yr average of 23.8

BUZZ-Applied Optoelectronics plunges after new Citrini report