Alert: New Earnings Report (8/7/19)-Applied Optoelectronics Inc (NASDAQ: AAOI).

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Applied Optoelectronics Inc (NASDAQ: AAOI) has reported E.P.S. of $-0.57 for its second fiscal quarter (ending June 30) versus $0.41 for the same period a year ago — a decline of -239%. Relative to the consensus estimate of $-0.37, this was a shortfall of $-0.20. E.P.S. were $-1.72 for the latest four quarters through June 30 versus $1.81 for the same period a year ago — a decline of -195%.

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Recent Price Action

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On 8/7/19, Applied Optoelectronics Inc (NASDAQ: AAOI) stock rose modestly by 0.9%, closing at $10.21. Moreover, exceptionally high trading volume at 254% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 7.7% during the last week.

Current PriceTarget Research Rating

AAOI’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to be a major Value Eraser.

AAOI has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. AAOI has a good Appreciation Score of 74 but a very low Power Rating of 6, with the Negative Value Trend Rating the result.

Rating Review

In light of this discouraging new earnings information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.

About John Lafferty 54938 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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