Northland Securities Remains a Buy on Applied Optoelectronics (AAOI)
In a report released today, Tim Savageaux from Northland Securities maintained a Buy rating on Applied Optoelectronics, with a price target of $45.00.
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Savageaux covers the Technology sector, focusing on stocks such as Nokia, Viavi Solutions, and Applied Optoelectronics. According to TipRanks, Savageaux has an average return of 26.6% and a 58.23% success rate on recommended stocks.
In addition to Northland Securities, Applied Optoelectronics also received a Buy from Rosenblatt Securities’s Michael Genovese in a report issued today. However, on December 9, TR | OpenAI – 4o reiterated a Hold rating on Applied Optoelectronics (NASDAQ: AAOI).
Based on Applied Optoelectronics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $118.63 million and a GAAP net loss of $17.94 million. In comparison, last year the company earned a revenue of $65.15 million and had a GAAP net loss of $17.76 million
Read More on AAOI:
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- Applied Optoelectronics price target raised to $43 from $38 at Needham
- Applied Optoelectronics price target raised to $50 from $35 at Rosenblatt
- Applied Optoelectronics Secures Major 800G Transceiver Order, Poised for Growth
- Applied Optoelectronics gets volume order for 800G data center transceivers
- Applied Optoelectronics Secures New Credit Facility
