Rosenblatt Securities Reaffirms Their Buy Rating on Applied Optoelectronics (AAOI)

Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Applied Optoelectronics today and set a price target of $140.00.

Claim 70% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Genovese covers the Technology sector, focusing on stocks such as Applied Optoelectronics, Lumentum Holdings, and Credo Technology Group Holding Ltd. According to TipRanks, Genovese has an average return of 32.0% and a 56.20% success rate on recommended stocks.

In addition to Rosenblatt Securities, Applied Optoelectronics also received a Buy from TipRanks – Google’s Google Semiconductors in a report issued on March 6. However, on the same day, TipRanks – Anthropic reiterated a Hold rating on Applied Optoelectronics (NASDAQ: AAOI).

Based on Applied Optoelectronics’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $134.27 million and a GAAP net loss of $2.02 million. In comparison, last year the company earned a revenue of $100.27 million and had a GAAP net loss of $119.69 million

Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AAOI in relation to earlier this year. Earlier this month, Richard Black, a Director at AAOI sold 3,231.00 shares for a total of $306,945.00.