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9600.0	2021-03-12 00:00:00 UTC	Accelerating Industrial Automation and the Companies to Watch	AAOI	https://www.nasdaq.com/articles/accelerating-industrial-automation-and-the-companies-to-watch-2021-03-12	nan	nan	L ast week we kicked off our automation series with an overview of the various sectors of the economy that are ramping up their automation levels. This week we are doing a deeper dive into industrial automation, which was already seeing an acceleration pre-pandemic. The pandemic provided further powerful tailwinds as human interaction became riskier and supply chains were brutally disrupted. The new US presidential administration is likely to push for higher wages, which only adds further momentum to this trend. The pandemic forced many factories to either close or materially reduce their output, which caused industrial production to drop to a level not seen in over ten years and a profound loss of jobs that have still not yet been recovered. As the lockdowns eased, companies had to find ways to make their production lines safe, which meant fewer people on-site and increased the need for automation to allow for greater production levels at a lower level of labor. The 2021 BDO Manufacturing CFO Outlook Survey, conducted in September 2020, provides some fantastic insight into how things are changing for those manufacturing companies with revenues ranging from $250 million to $3 billion and how the pandemic has affected them. According to the report, “Prior to the pandemic, the Industry 4.0 paradigm shift was already underway, bringing together the physical and digital worlds to change the fundamentals of production. COVID-19 has accelerated the paradigm, compressing the timeframe for the industry to get on board.” The top CFO priority for 2021 is “Investing in Technology or Infrastructure.” The most critical factor for recovery, according to middle-market manufacturers, is “Supply Chain Stability” followed by “Productivity Gains” and when it comes to evolving their workforce strategy in the coming year, the second-highest priority (after diversity and inclusion as a business strategy) is automating manual labor. According to the recent research report, “Industrial Automation Market by Component (Plant-level Controls, Enterprise-level Controls, Plant Instrumentation), Mode of Automation (Semi-automatic, Fully-automatic), and End User (Oil & Gas, Automotive, Food & Beverage) - Global Forecast to 2027”, the industrial automation market is expected to grow at a CAGR of 9.3% from 2020 to 2027, growing from $164.2 billion to $306.2 billion by 2027. Industrial automation is in the midst of a game-changing transformation. Advancements such as machine learning, augmented reality, cyber-physical systems, autonomous assets, real-time analytics, and the IIoT (Industrial Internet of Things) promise extraordinary operational achievements. In addition, we are seeing similar pressures here against closed systems that we saw in corporate automation (which we will cover in the weeks to come). In much the way that consumers of office software and automation systems pushed for solutions being more easily integrated with other products and less fussy (technical term) about the platforms on which they operate, we are seeing similar demands for industrial automation solutions. This bodes well for more flexible and more rapidly improving solutions. Closed systems are expensive to upgrade and maintain, limit innovation and restrict access to best-of-breed technologies. Just as we’ve seen in the office, industrial enterprises are increasingly demanding open, standards-based automation systems that are portable, interoperable, and intrinsically cyber secure. As we look towards the future, we see digital-first industrial enterprises and smart factories using universal automation that will significantly increase efficiency, reliability, and productivity from safe and secure (often remote) operations that easily adapt to market changes and customer demands. In short, industrial operations of the future will be data-driven, asset-centric architectures leveraging human innovation rather than relying on a workforce engaged in endless repetitive tasks. We also expect to see accelerated adoption of edge computing along with 5G and WiFi 6. After experiencing first-hand the vulnerabilities of their operations during lockdowns, we expect to see a push to implement systems that will allow for maintenance and upgrades to be conducted remotely and/or via automation. What does this mean for investors? First, much of this automation is going to be dependent on expanded data networks such as 5G and WiFi 6, which means further demand for products from companies providing the underlying digital infrastructure technologies such as Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO). Companies providing factory automation products include Fanuc (FANUY),Danaher Corporation (DHR), Siemens AG (SIEGY), Yaskawa Electric Corp (YASKF), Emerson Electric Co (EMR),Honeywell (HON),Rockwell Automation Inc (ROK), and Eaton Corp (ETN). Finally, let us not forget that many manufacturers are turning to 3D printing, which bodes well for companies such as The ExOne Co (XONE), Markforged - which has announced plans to go public via a merger with publicly trade SPAC One (AONE),Stratasys Ltd (SSYS), and Materialise NV (MTLS). Disclosures Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO) are constituents in the Tematica BITA Digital Infrastructure and Connectivity Index. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	First, much of this automation is going to be dependent on expanded data networks such as 5G and WiFi 6, which means further demand for products from companies providing the underlying digital infrastructure technologies such as Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO). Disclosures Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO) are constituents in the Tematica BITA Digital Infrastructure and Connectivity Index. Advancements such as machine learning, augmented reality, cyber-physical systems, autonomous assets, real-time analytics, and the IIoT (Industrial Internet of Things) promise extraordinary operational achievements.	First, much of this automation is going to be dependent on expanded data networks such as 5G and WiFi 6, which means further demand for products from companies providing the underlying digital infrastructure technologies such as Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO). Disclosures Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO) are constituents in the Tematica BITA Digital Infrastructure and Connectivity Index. As we look towards the future, we see digital-first industrial enterprises and smart factories using universal automation that will significantly increase efficiency, reliability, and productivity from safe and secure (often remote) operations that easily adapt to market changes and customer demands.	First, much of this automation is going to be dependent on expanded data networks such as 5G and WiFi 6, which means further demand for products from companies providing the underlying digital infrastructure technologies such as Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO). Disclosures Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO) are constituents in the Tematica BITA Digital Infrastructure and Connectivity Index. COVID-19 has accelerated the paradigm, compressing the timeframe for the industry to get on board.” The top CFO priority for 2021 is “Investing in Technology or Infrastructure.” The most critical factor for recovery, according to middle-market manufacturers, is “Supply Chain Stability” followed by “Productivity Gains” and when it comes to evolving their workforce strategy in the coming year, the second-highest priority (after diversity and inclusion as a business strategy) is automating manual labor.	First, much of this automation is going to be dependent on expanded data networks such as 5G and WiFi 6, which means further demand for products from companies providing the underlying digital infrastructure technologies such as Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO). Disclosures Maxlinear (MXL), Skyworks Solutions Inc (SWKS), Applied Optoelectronics Inc (AAOI), and Broadcom (AVGO) are constituents in the Tematica BITA Digital Infrastructure and Connectivity Index. This week we are doing a deeper dive into industrial automation, which was already seeing an acceleration pre-pandemic.
9601.0	2021-02-26 00:00:00 UTC	Why Applied Optoelectronics Stock Tanked Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-stock-tanked-today-2021-02-26	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) tanked today, down by 13% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. The results were mostly in line with expectations, but guidance for the first quarter was lacking. So what Revenue in the fourth quarter was $52.3 million, right on target with the consensus estimate. That resulted in an adjusted net loss of $4.8 million, or $0.20 per share, which was slightly better than the $0.23 per share in adjusted losses that analysts were modeling for. The fiber-optics technology company reported a gross margin of 21.6%. Image source: Getty Images. "Despite the challenges presented by the pandemic and a slow end to the year, we are encouraged by the double-digit revenue growth we delivered in 2020, which was driven by growth in each of our three major business segments," CEO Dr. Thompson Lin said in a statement. "We are pleased to have secured an additional 30 total design wins in 2020, on par with last year's total." Now what In terms of guidance, Applied Optoelectronics is forecasting revenue in the first quarter to be $47 million to $51 million, while Wall Street is expecting the company to report sales of $51 million. That means the company will need to hit the high end of its forecast to meet expectations. That should result in an adjusted net loss per share of $0.23 to $0.28, compared to the consensus estimate of $0.25 per share in adjusted net losses. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) tanked today, down by 13% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) tanked today, down by 13% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. Now what In terms of guidance, Applied Optoelectronics is forecasting revenue in the first quarter to be $47 million to $51 million, while Wall Street is expecting the company to report sales of $51 million. That should result in an adjusted net loss per share of $0.23 to $0.28, compared to the consensus estimate of $0.25 per share in adjusted net losses.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) tanked today, down by 13% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. Now what In terms of guidance, Applied Optoelectronics is forecasting revenue in the first quarter to be $47 million to $51 million, while Wall Street is expecting the company to report sales of $51 million. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) tanked today, down by 13% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings. Now what In terms of guidance, Applied Optoelectronics is forecasting revenue in the first quarter to be $47 million to $51 million, while Wall Street is expecting the company to report sales of $51 million. That's right -- they think these 10 stocks are even better buys.
9602.0	2021-02-25 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q4 2020 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q4-2020-earnings-call-transcript-2021-02-26	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2020 Earnings Call Feb 25, 2021, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Applied Optoelectronics Fourth Quarter 2020 and Full Year Earnings Call. [Operator Instructions] I would now like to turn the conference over to Lindsay Savarese. Please go ahead. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 Lindsay Savarese -- Investor Relations Thank you. I'm Lindsay Savarese, Investor Relations for Applied Optoelectronics and I'm pleased to welcome you to AOI's fourth quarter and full year 2020 financial results conference call. After the market closed today, AOI issued a press release announcing its fourth quarter and full year 2020 financial results, and provided its outlook for the first quarter of 2021. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q4 results and Stefan will provide financial detail and the outlook for the first quarter of 2021. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statement. On today's call management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as believe, anticipate, estimate, intend, predict, expects, plans, may, should, could, would, will or thinks, and by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovation as well as statements regarding the company's outlook for the first quarter of 2021. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectation. More information about other risks that may impact the company's business are set forth in the Risk Factor section of the Company's reports on file with the SEC, including the Company's annual report on Form 10-K for the year ended December 31, 2019. Also, with the exception of revenue, all financials discussed today are on a non-GAAP basis unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will virtually participate at the Raymond James Institutional Investor Conference on March 3rd. The presentation at this conference will be webcast live and links to the webcast will be available on the Investor Relations section of the AOI website. We hope to have the opportunity to interact with many of you virtually. Additionally, I'd like to note that the date of our first quarter 2021earnings callis currently scheduled for May 6, 2021. Now, I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, everyone, for joining us today to compare our 2020. I'm proud of the entire AOI team and the progress that we have made this year, despite a slow start and end to the year with changing and evolving market dynamics. We are encouraged by the double-digit revenue growth we generated in 2020, which was driven by growth in each of our three major business segments. We secure 30 total design wins last year's on par with a record 31 in 2019. Given the difficulty around the pandemic last year, I'm very pleased with this design win we got. We have continued to expand the reach of our product to a diverse customer base evident by the decline in concentration, our revenue from our top 10 customers. And on this front, we are pleased to report a new greater than 10% customer during the fourth quarter in our CATV segments. Turning to the fourth quarter. We delivered revenue in line with our expectation, gross margin below our expectation and non-GAAP EPS at a high-end of our guidance range. Total revenue for the fourth quarter of $52.8 million grew 8.5% compared to the fourth quarter in the prior year and as we expected was now 31.1% sequentially. As we mentioned on our Q3 call, we began to see some slowing in order from some of datacenter customers in the later part of the third quarter, which extended into the fourth quarter. This slowdown was related to inventory normalization following the surge in demand that was driven by the shift to working from homes early last year. We continue to expect generally slow commission in Q1 in the Datacenter segment, followed by our increased activity in this segment in Q2 and beyond. Non-GAAP gross margin of 27.5% was below our guidance range of 28.5% to 29.5% due to many product mix and slightly higher production costs than anticipated. As we develop our CATV production during the quarter, non-GAAP net loss was $0.20 per share. Similar to Q3, we continue to see broadband demand for our 100G product. Total revenue for 100G product increased 41% from Q4 of 2019. In our CATV segment, the overall demand environment continue to be strong as MSO, particular in North America continue to upgrade their networks. Total revenue for our CATV products more than doubled year-over-year and increased 37% sequentially to $15.9 million, which is the highest quarterly revenue for this segment in almost three years. Revenue from our telecom products of $3.5 million was up 59% from Q4 of 2019, but was down 51% sequentially. As we mentioned on our Q3earnings call several of our channel telecom customer notify us that their 5G deployments has been posed by several large naval operators while they revisit their supply chain following the disruption caused by uncertainties surrounding Huawei's U.S. ban. We believe that this disruption will be short lived and expect to see a recovery in our Telecom segment in Q1. Looking forward, we are excited about the growth opportunity ahead, driven by the continued need for higher bandwidth and increase capacity within the CATV and datacenter markets and the increased demand for 5G products in our telecom market. We look forward to meeting again in person probably soon. With that, I would call -- turn the call over to Stefan to review the detail of our Q4 performance and outlook for Q1. Stefan? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. As Thompson mentioned, we delivered revenue in line with our expectations, gross margins below our expectation, and non-GAAP EPS at the high end of our guidance range. While we saw strong demand in the CATV market, as we anticipated, our fourth quarter results were impacted by softness in the datacenter and telecom markets. Looking back on the year, despite challenging and evolving market dynamics throughout 2020, we are encouraged by the double-digit revenue growth we generated, which was driven by growth in each of our three major business segments and we are pleased with the progress we made in diversifying our revenue streams and customer base. We secured 30 total design wins in 2020, similar to the record of 31 in 2019. Of the 30 design wins, 18 were in our datacenter market, five were in our CATV market, four were in our telecom market and three were in other markets. In total, for the fourth quarter we secured three new design wins among two customers, all in our CATV segment. Given the difficulties around the pandemic last year, I am very pleased with these design win results. We have continued to expand the reach of our products to our diverse customer base, which is evident by the declining concentration of revenue from our top 10 customers from 2019 to 2020. And on that front, we are pleased to report that one of our CATV customers exceeded 10% of our revenue for the first time. Turning to our quarterly performance. Total revenue for the fourth quarter of $52.8 million was in line with our guidance range of $50 million to $55 million. Revenue increased 8.5% year-over-year and decreased 31.1% sequentially. As we mentioned on our Q3 call, we began to see some slowing in orders from some of our datacenter customers in the latter part of the third quarter and into the fourth quarter, related to inventory normalization following the surge in demand that was driven by the shift to working from home early last year. We expect the headwinds we are seeing in our datacenter market to persist through Q1 and then begin improving in Q2 and beyond. We continue to see increased customer interest in our 400G product portfolio and expect to see revenue contribution from these products in the second half of the year. In the fourth quarter, 62% of our revenue was from our datacenter products, 30% was from CATV products, with the remaining 8% from FTTH, telecom and other. Our datacenter revenue came in at $32.8 million compared with $39.3 million in Q4 of the prior year. In the fourth quarter, 22% of our datacenter revenue was from our 40G transceiver products and 71% was from our 100G products. Turning to our CATV product segment. The overall demand environment remains strong as MSOs, particularly in North America continue to upgrade their networks. We generated revenue of $15.9 million, up 37% sequentially and up 136% from $6.8 million in Q4 of the prior year. Our CATV performance in the quarter is the highest that we have seen since the third quarter of 2017. We ended the quarter with a strong backlog of CATV products, which we expect to continue to drive growth in this segment going forward. Revenue from our telecom products increased to $3.5 million, up 59% from $2.2 million in Q4 of the prior year, but was down 61% sequentially for reasons we discussed on our Q3 call. During the fourth quarter, 5G demand in China was impacted by a pause that several of our China telecom customers were seeing as several large network operators revisited their supply chains following the disruption caused by uncertainty surrounding Huawei's U.S. ban. We continue to believe that sequential growth will resume in our telecom segment in Q1. We are pleased with our progress on our customer diversification efforts. Overall, for the fourth quarter, our top 10 customers represented 85.1% of revenue, down from 87.5% in Q4 of the prior year. The concentration of revenue among our top 10 customers decreased from 88.1% in 2019 to 81.8% in 2020. We had three 10% or greater customers in the fourth quarter, one of which was in the datacenter market and two of which were in the CATV market, including a new 10% or greater customer. These customers contributed 36%, 14% and 11% of total revenue, respectively. For the full year, we had two 10% or greater customers in the Datacenter segment that contributed 38% and 12% of total revenue, respectively. In Q4, we generated non-GAAP gross margin of 27.5% compared to 27.6% in Q4 of the prior year. Gross margin was below our guidance range of 28.5% to 29.5% due mostly to unfavorable product mix and a slightly higher production cost than anticipated as we ramped our CATV production during the quarter. Total non-GAAP operating expenses in the fourth quarter of $20.6 million or 39% of revenue compared with $19.4 million or 39.9% of revenue in Q4 of the prior year. Operating expenses as a percent of overall revenue decreased from the prior year and reflect our efficient expense management. Non-GAAP operating loss in the fourth quarter was $6.1 million compared to an operating loss of $6 million in Q4 of the prior year. GAAP net loss for Q4 was $13.4 million or loss of $0.57 per basic share compared with a GAAP net loss of $35.4 million or $1.76 per basic share in Q4 of 2019. On a non-GAAP basis, net loss for Q4 was $4.8 million or a loss of $0.20 per basic share, which was at the high end of our guidance range of a loss of $4.5 million to $5.8 million or a loss of $0.19 to $0.25 per basic share, and compares to a net loss of $3.6 million or loss of $0.18 per basic share in Q4 of the prior year. The basic shares outstanding used for computing the net loss in Q4 were 23.6 million. Turning now to the balance sheet. We ended the fourth quarter with $50.1 million in total cash, cash equivalents, short-term investments and restricted cash. This compares with $58.1 million at the end of the third quarter and reflects $14.1 million in cash used for operations. As of December 31, we had $110.4 million in inventory compared to $111.4 million in Q3. This inventory level was higher than normal due to continuing uncertainty around COVID-19 and concerns leading up to the Lunar New Year in China. We made a total of $2.5 million in capital investments in the quarter, including $1.6 million in production equipment and machinery and $0.1 million on construction and building improvements. The construction on our new China facility is largely complete with all heavy construction done. Total 2020 capex was approximately $12.5 million, which is considerably below our prior expectations and reflects the slowdown in our business during Q4. We are still in the process of evaluating our capex plans for 2021, and we expect to share our numbers when they are available. I would also like to provide a quick update on the at the market offering we announced in February of last year. To-date, we have raised $55 million in gross proceeds under this program, including $17 million raised in Q4. As we have stated previously, we intend to use these proceeds to continue to make investments in the business, including new equipment and machinery for production and research and development use. Before moving to our outlook, I would like to provide an update on our operations in Texas, following the historic winter storm that occurred last week. I can report that our facilities did not suffer any meaningful damage as a result of the storm. Due to process control issues related to the extremely cold temperatures and the inability to obtain regular deliveries of chemicals, including liquid nitrogen, we were unable to run operations as normal last week. In addition, many of our employees suffered damage to their homes and were therefore unavailable for work during all or parts of last week. We expect to incur some additional costs as we work to increase production over the next few weeks to ensure that we meet our customer commitments to the extent possible. Currently, we expect these costs to total between $0.5 million and $1 million and these expectations are included in our guidance. Moving now to our Q1 outlook. We expect Q1 revenue to be between $47 million and $51 million and non-GAAP gross margin to be in the range of 23.5% to 25%. Non-GAAP net loss is expected to be in the range of $7.3 million to $9 million and non-GAAP loss per basic share between $0.23 and $0.28 using a weighted average basic share count of approximately 26 million shares. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator Thank you. [Operator Instructions] Our first question is from Simon Leopold from Raymond James. Please go ahead. Hello, Simon, is your line muted? Simon Leopold -- Raymond James -- Analyst Sorry about that, yes, I was muted. You think, I'd know by now. So thanks for taking the question. Hopefully, the folks in Texas are thawing out and recovering from last week, I saw that on the news, sorry to hear about that. What I wanted to ask first about was specifically the new cable customer. So I am intrigued by this, I want to get a better understanding, when you talk about a new customer, is this a U.S. operator that is new to AOI or is this a new customer from outside the U.S. and what's the nature of the deployment, is it a DAA or some other application? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Sure, Simon. First of all, thank you for your comments regarding all this down in Texas. It's thawing out nicely, we've -- we had a little bit of a rough week last week, but it's back to back to normal now, so I appreciate your kind words on that. With respect to the cable TV customer, it is a -- it's not a brand new customer, they've been with us for roughly a year, it is a U.S.-based company, they're a manufacturer or reseller of cable TV equipment and they are supplying primarily U.S. -- well, almost entirely U.S. and well, let's just North American MSOs with gear for upgrade projects. The specific products that we're selling to them right now are useful in both DAA and traditional applications and I think that probably the deployments that are going on there are a combination of both of those types of technologies. Simon Leopold -- Raymond James -- Analyst And I guess, I'd like to get a understanding of how you're thinking about the broader trend in your cable TV market in that? I recall speaking about this a couple of quarters ago, at which point you thought that maybe in the construction season spring to summer 3Q '21 you'd be getting back to kind of mid-teens revenue, I want to recheck where you're thinking today about the cadence of your cable business through '21. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I think we probably can be significantly higher than that level later on in the year. We're sitting right now on the strongest backlog of cable TV products I think we've ever had. And as I've noted in our prepared remarks, this was the best -- the fourth quarter was the best quarter in cable that we've had in several years. So where we're standing right now I think I see pretty strong performance in the cable segment through -- certainly through Q3 and probably through the end of the year. Simon Leopold -- Raymond James -- Analyst Thanks. And then, maybe just one last one for me, if I might, is on your datacenter business, particularly the hyperscalers, I appreciate that quarterly visibility can be a little bit difficult, but what sort of linearity or expectations do you have for the full year? And part of my question goes back to the capital spending forecast look like high-teens to maybe 20% spending growth by the group as a whole, I just want to understand if that's a good indicator for the kind of growth rate we should think of for your business in that vertical? Thanks. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I think it's difficult to draw a direct line between capital expenditures on the part of the hyperscale operators and our revenue. I mean, if you looked at our revenue in that segment over the years, it -- there's probably some high level correlation, sort of a macro-correlation, but it's very difficult certainly to draw any conclusion on a quarter-by-quarter or even annual basis really from those capex numbers. For us, in particular, I think a lot depends on the trajectory of 400 gig. As we mentioned, we do see 400 gig contributing revenue in the second half of the year and depending on exactly how soon and how fast that comes on and the trajectory of 100 gig as that occurs, that will kind of dictate our results in the year. So I can't give you firm guidance for the year on that, but I don't think it's reasonable to draw correlation directly from the overall capex in the market. Simon Leopold -- Raymond James -- Analyst I appreciate that. Thanks for taking the questions. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Simon. Operator The next question is from Paul Silverstein from Cowen. Please go ahead. Paul Silverstein -- Cowen and Company -- Analyst Good afternoon. I trust from your response to the last question that your visibility in terms of what has been communicated to you by your varied status from the customers that it's relatively limited at this point or is that not the case? Let me ask the question more openly -- in a more open way, what has been the communication from those customers, if anything? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, OK. So there's -- I guess there's two issues that we've been communicating significantly with our customers regarding -- one is, the sort of near term trajectory of the inventory draw-down to the extent that those customers have that situation. I would emphasize, it's not all of our datacenter customers that had too much inventory, it's limited to a couple of them. But with those customers, we've certainly had ongoing discussions about their inventory and relative to that, I would say our expectations continue to be in line with what we said on our lastearnings call and in our prepared remarks today, which is that we see that inventory correction persisting through Q1 and then resolving itself in Q2. So that's one area of discussion and I think that's largely unchanged from our previous expectations. The second area where we've had some significant discussion with these customers or all of our datacenter customers really is around their 400 gig or I should say maybe 200 gig and 400 gig plans and I think those discussions, particularly with the customers who are implementing 400 gig continue to progress well as we noted in our prepared remarks. We continue to see more active cadence of discussions, questions now are moving -- in many cases are moving less from into sort of technical -- detailed technical specifications and topics like that into questions about capacity ramp up, timeframe for availability, things like that that would be in my mind, more indicative of a hardening of their plans to deploy in the second half of the year. And so those discussions I think have been quite positive as well. Paul Silverstein -- Cowen and Company -- Analyst All right. I assume it -- well, I assume it goes without saying, it's way too early to think about what pricing will look like? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, I mean I can't give you any firm guidance on that. I mean, It's certainly a topic of discussion as well with the customers. Yeah, I don't have a -- I don't have an indication on when that will play out at this point, too early to say. Paul Silverstein -- Cowen and Company -- Analyst Understood. I appreciate it. I'll pass it on, guys. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Paul. Operator [Operator Instructions] The next question is from Samik Chatterjee from J.P. Morgan. Please go ahead. Samik Chatterjee -- J.P. Morgan -- Analyst Hi guys, thanks for taking my question. If I can just start off on the 400 gig wins and you mentioned in the press release that you're seeing customer interest. I'm just wondering, what are your expectations in terms of timing of deployment because I'm just thinking if deployments are in the second half as most of the industries telegraphing at this point. Should we expect to see more acceleration in wins on 400 gig I think as far as the number you've announced one win at this point. So just help me think about what the pace of design wins should look like if you're expecting deployment in the second half or is that not really the case in terms of deployment timing right now? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I don't -- I wouldn't say it's late to hear on those wins at this point. We are having discussions with customers about our capacity ramp-up plans in the second half of the year. And so, I don't think they're feeling pressure right now that if they don't announce a win or something like that, that we're not going to be ready to go, they know our plans. So I would say that we -- in order to meet the plans that customers are indicating to us now, I would expect that we would have to have design wins by -- certainly by the end of Q2 or very early Q3. But it -- now, it's not alarming that we don't have more wins at this point in my mind. Samik Chatterjee -- J.P. Morgan -- Analyst Okay, and then, just a follow quick follow up. I think you mentioned on the slowdown that you've seen related to China telecom, you are starting to see that move up sequentially in 1Q. Just wondering is that more -- are you hearing anything that's more driven by the supply chain having worked through the restrictions on Huawei or is it that the supply chain is being offered to other customers and you are having to customize the product for other customers who have been deployed in the network? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, that's a really good question. I want to use that opportunity to try to make sure that we're crystal clear on what we're trying to say regarding Huawei. It is not our intention to try to say that Huawei's ban necessarily caused any disruption to our customers' ability to deploy their networks. What we are saying is that there was significant uncertainty because of the speed and the unexpected nature of the Huawei ban that our customers had to take a pause in their deployment plans to reassess whether those plans were still able to be achieved either with Huawei or with an alternative source. So it wasn't so much that we -- that customers had to necessarily scramble to find alternative sources. It was simply that they had to take a time out, if you will, to figure out and make sure that whatever they -- whatever plans they had didn't need to be changed in light of the Huawei ban. So that being said, what we have seen as you indicated and as we indicated in our prepared remarks is that some of our customers have begun to recover in the sense that we are seeing increased order flow related to 5G in China and the customers that haven't yet begun to place orders are talking to us about placing orders. So we're feeling fairly comfortable now that we will see some recovery in Q1, and then probably more activity in Q2, Q3, and probably toward the end of the year. Now what we're hearing from our sources in China is that we still expect a pretty sizable increase in the number of towers, and therefore the amount of optics that's used in those 5G networks in 2021 compared 2020, we expect the number of towers deployed to be anywhere from 60% to 80% higher than what we saw in 2020 and that would indicate a similar increase in the number of optics that are deployed. So we're pretty bullish on China 5G in the year albeit getting off to somewhat of a slow start, but certainly better than what we saw in Q4. Samik Chatterjee -- J.P. Morgan -- Analyst Great. No, thank you. Thanks for the insight. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No problem. Operator The next question is from Ryan Koontz from Rosenblatt Securities. Please go ahead. Ryan Koontz -- Rosenblatt Securities -- Analyst Hi, thanks for the question. Quick question on your strength in the cable TV segment there. Your cable capex not really doing a whole lot but you guys doing well, do you attribute that more to share gains in the optical new designs or do you attribute it more to a mix change of spending by the MSOs on more node splitting? Any thoughts there? Thank you. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Oh, yeah, I think it's both. We have been spending a lot of time and effort developing a new line of cable TV products, including some amplifier products and other node sub-assemblies and things like that related to these rollouts. So we've expected for some time that these rollouts would start to occur and we've engineered our products accordingly. So I do believe that we're picking up market share from what we had, let's say, in the previous deployments that had happened several years ago, but I also believe that the MSOs -- the observation that I have and AOI has been in the cable TV business now for nearly 20 years, 18, 19 years... Ryan Koontz -- Rosenblatt Securities -- Analyst Sure, yeah. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer And the observation that I have is the cable capex generally doesn't change that much, but the areas where the cable MSOs spend their capex can change dramatically. So I think right now, we're seeing a shift from spending in sort of central office and maybe certain CPE type applications... Ryan Koontz -- Rosenblatt Securities -- Analyst Yes. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer To investing in the network. So I think it's a combination of both and the related, right. We develop products because we felt that the MSOs based on their feedback were going to shift they're spending and start building on the outside plant again, and indeed that's what we've seen happen. So it's a combination of share gains and shift in spend. Ryan Koontz -- Rosenblatt Securities -- Analyst Yeah. Do you think some of what your differentiation is around expanding the addressable spectrum in the plant and looking for more upstream capacity? I mean, I imagine there is some kind of design... Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Definitely. Ryan Koontz -- Rosenblatt Securities -- Analyst Changes... Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah. Ryan Koontz -- Rosenblatt Securities -- Analyst And requirements you have to meet. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah. No, absolutely. I mean, the deployments that we're aware of and the equipment that our customers are purchasing for those deployments are squarely aimed at increasing the amount of bandwidth and as you indicated specifically, the amount of bandwidth in the return path direction. That's an absolute... Ryan Koontz -- Rosenblatt Securities -- Analyst Yeah. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Requirement for most of these deployments. Ryan Koontz -- Rosenblatt Securities -- Analyst Super helpful, Stefan. Thanks so much. Congrats on the quarter. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer All right. Thank you. Operator [Operator Instructions] The next question is from Tim Savageaux from Northland. Please go ahead. Tim Savageaux -- Northland Securities -- Analyst Hey, good -- Pardon me. Good afternoon. First question for me is on the kind of overall topic of diversifying customer base and you mentioned you need 10% customer in cable TV, you've also apparently got some new 8% customers, I think, thanks to some very helpful and transparent disclosure in your filing. On the datacenter side, I wonder if we might get some similar commentary and I thought that was great color you gave on the cable TV customer. I assume one of your datacenter operators is just another cloud titan whose name we haven't discussed yet, but what on the network equipment supplier -- I'd be interested if you had any color on the application there whether that's kind of a client interface for router type application or a switch guy heading the datacenter? Any color you might be able to add on this new pretty significant customers. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, it's a switch vendor who's selling largely into datacenter. So some hyperscale, a lot of Tier 2 and some enterprise. Tim Savageaux -- Northland Securities -- Analyst Okay, on the NEM side. And then, in terms of the direct datacenter operator, any color there or should we assume it's one of the bigger guys that have not been discussed in the past? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer It's a fairly large datacenter operator, U.S. based. Tim Savageaux -- Northland Securities -- Analyst Got it. And congrats on that diversification. With regard to the potential recovery in the datacom business, and I think you mentioned a couple of separate issues around 100 gig inventory and I think it's notable that your 40 gig business has gotten so small, but -- and then, the up -- potential uptake and inventory situation there and a potential uptake of 200 or 400 gig, is there a potential relationship there, number one, I guess, between inventory digestion at 100 and preparation for a ramp at 200 and 400? And as you look at your Q1 guide in particular, that's sort of flattish to slightly down, it seems like telecom should be up, it seems like cable could be as well. So are you expecting that datacenter business to decline slightly and bottom out in Q1, and then recover as a result of perhaps both of those factors, 100 gig recovering and initial 200 or 400? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, I think your characterization in terms of datacenter spend sort of bottoming out in Q1 is probably accurate. I would caution, Q1 when it comes to cable TV in Q1, just keep in mind that our cable TV production is largely done in our China factories, so we do have the Lunar New Year holiday and so our capability in terms of just broad number of days to produce product in the cable TV segment is limited in Q1 compared to other segments. Now, we have pretty strong demand, I mentioned earlier about the backlog. So -- and also this year in China, relative to other years, we had a lot more of our employees stay, either stay in the factory or at least nearby as opposed to returning to their homes, largely that's due to COVID and the Chinese government's discouragement of traveling long distances in -- for fear of spreading the disease. So I think that we're on track to have a somewhat better result relative to Chinese New Year than we have in years past. But nevertheless, we do have at least a week where we can produce product in China and that product is largely and that's where most of these cable TV products are manufactured. So when you talk about cable TV likely to be up, the demand is certainly there, but again, our ability to deliver there is somewhat constrained in Q1, but we do expect, like I said, both in our prepared remarks and really in our lastearnings callas well, that the 400 gig contribution will begin to ramp in the second half of the year and I think that will certainly -- if we're successful in getting those wins and we start to see that ramp and that will certainly contribute to revenue. I don't believe that that has anything to do right now with the slowdown in 100 gig, I believe that the slowdown in 100 gig is related more to -- I mean, we saw a very large volume of purchases of 100 gig in the middle part of last year because of COVID. Well, I mean, it was because of the shift to -- it was a combination of the shift to working from home, driving demand and fears that our customers had whether those fears were well-placed or not that there would be supply chain disruptions -- significant supply chain disruptions because of COVID. I think the working from home trend certainly played out, there was a lot of demand that was caused by that working from home, but I don't believe that our customers saw the magnitude of supply chain disruptions that they were fearful of and therefore by the end of the year, the inventory levels that they had accumulated were no longer necessary to support what they thought to be a tough patch in terms of their supply chain. So I think that's really why we saw a slowdown in Q4, in Q1 in datacenter. I think it will get a little better in Q2 and then, 400 gig hopefully will drive a lot of our performance in the second half of the year in that sector. Tim Savageaux -- Northland Securities -- Analyst Great, thanks very much. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Pleasure. Operator This concludes our question-and-answer session. I would like to turn the conference back over to Dr. Thompson Lin for any closing remarks. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Good afternoon. Thank you for joining us today as always. Thank you to our investors, customers and employees for your continued support and we look forward to virtually seeing many of you in our upcoming investment conference. Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen and Company -- Analyst Samik Chatterjee -- J.P. Morgan -- Analyst Ryan Koontz -- Rosenblatt Securities -- Analyst Tim Savageaux -- Northland Securities -- Analyst More AAOI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2020 Earnings Call Feb 25, 2021, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen and Company -- Analyst Samik Chatterjee -- J.P. Morgan -- Analyst Ryan Koontz -- Rosenblatt Securities -- Analyst Tim Savageaux -- Northland Securities -- Analyst More AAOI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. As we mentioned on our Q3earnings call several of our channel telecom customer notify us that their 5G deployments has been posed by several large naval operators while they revisit their supply chain following the disruption caused by uncertainties surrounding Huawei's U.S. ban.	Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen and Company -- Analyst Samik Chatterjee -- J.P. Morgan -- Analyst Ryan Koontz -- Rosenblatt Securities -- Analyst Tim Savageaux -- Northland Securities -- Analyst More AAOI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2020 Earnings Call Feb 25, 2021, 4:30 p.m. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.	Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen and Company -- Analyst Samik Chatterjee -- J.P. Morgan -- Analyst Ryan Koontz -- Rosenblatt Securities -- Analyst Tim Savageaux -- Northland Securities -- Analyst More AAOI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2020 Earnings Call Feb 25, 2021, 4:30 p.m. Total non-GAAP operating expenses in the fourth quarter of $20.6 million or 39% of revenue compared with $19.4 million or 39.9% of revenue in Q4 of the prior year.	Operator [Operator Closing Remarks] Duration: 57 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen and Company -- Analyst Samik Chatterjee -- J.P. Morgan -- Analyst Ryan Koontz -- Rosenblatt Securities -- Analyst Tim Savageaux -- Northland Securities -- Analyst More AAOI analysis All earnings call transcripts This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2020 Earnings Call Feb 25, 2021, 4:30 p.m. Looking forward, we are excited about the growth opportunity ahead, driven by the continued need for higher bandwidth and increase capacity within the CATV and datacenter markets and the increased demand for 5G products in our telecom market.
9603.0	2021-01-14 00:00:00 UTC	3 5G Stocks That Could Benefit From the Next Revolution in Tech	AAOI	https://www.nasdaq.com/articles/3-5g-stocks-that-could-benefit-from-the-next-revolution-in-tech-2021-01-14	nan	nan	Some technological advances are evolutionary, a simple next step from where we are now, but others are revolutionary, bringing us more than just more and better than what we have. 5G, the new wireless tech that has been rolling out since 2018, is shaping up to fall into the latter category. It started out looking like that simple next step. 5G would be a faster network, just as 4G once had been. But as it has come online, the other advantages have started to pile up: clearer signals, lower latency, far greater data carrying capacity. That last may be the key – the greater data transfers available in 5G offers to bring the promise of the connected world and the Internet of Things to full fruition. Everything from industrial IoT to autonomous vehicles to remotely operated microsurgery may benefit from 5G, and once that happens, our world will never be the same. The vista opening up as 5G's expansion is not limited to the tech world. Finance and investment will also be impacted; companies with a direct – or even an indirect – link to underlying work of 5G will find the expansion of the networks to be a golden opportunity. Look for 5G to provide a potential boost for the stock of companies involved in providing wireless network services, infrastructure and hardware, handset devices, and semiconductor chips. Against this backdrop, we used TipRanks' database to find three 5G names that earned some praise recently from 5-star analysts. Not to mention, the analysts see a double-digit growth potential for each. Applied Optoelectronics (AAOI) 5G won’t go anywhere unless the transmitting towers get a signal – and they get that signal over cable connections. That’s where Applied Optoelectronics comes in. The company designs and produces a range of optical-based communication products, from fiber optic cables to analog and digital lasers. AAOI supplies optical transceivers to data centers and cable hardware to networking providers. Applied Optoelectronics has had several difficult years. The company relied heavily on Amazon in the mid-2010s, but saw that collapse when the online retail giant cut its orders in 2017. Since then, AAOI has had difficulty regaining traction in the competitive optical networking niche. However, the company is now entering 2021 on a positive note. Shares are up 23% in the first two weeks of the year, and new products in the 5G front-haul application niche are expected to do well. The company announced early last year a line of 25Gbps LWDM cooled transistor laser diodes, which now – due to high demand – make up a majority of current production. The demand is coming from data center and 5G telecom wireless providers, and AAOI has expanded its manufacturing capabilities to meet the customer orders. The result was strong Q3 revenues, with the top line growing 66% year-over-year to reach $76.6 million. Gross margins, at 25%, were up sequentially from the 21% recorded in Q2. The solid results come on the back of record laser production, which reached 1.1 million units by the end of July 2020. This figure marks a 65% increase from pre-COVID production levels – and reflects increased demand as 5G networkers expand their hardware. Tim Savageaux, 5-star analyst with Northland, rates AAOI as Outperform (i.e. Buy) based on his belief that the company’s product line will clear a path forward. His $14 price target suggests ~34% one-year upside from current levels. (To watch Savageaux’s track record, click here) Backing his bullish stance, Savageaux writes, “We believe the strength in Cable optics revenue seen at AAOI in Q3… is sustainable… This is especially the case given AAOIs focus on upstream transmission/Cable node technologies, the primary focus for Cable MSOs looking to relieve upstream bandwidth bottlenecks via node splits… we expect AAOI's cable optics unit could account for 25%+ of total [revenues]… Recent press reports and forecasts from China point to 5G base station deployments from 600K-1M in CY21 vs ~580K in CY20, supporting a 1H21 recovery in AAOI 25G laser shipments for 5G fronthaul…” Is the rest of the Street in agreement? As it turns out, the analyst consensus is more of a mixed bag. Split almost right down in the middle, 3 Buy ratings and 4 Holds were assigned in the last three months, giving AAOI a Moderate Buy status. (See AAOI stock analysis on TipRanks) T-Mobile US (TMUS) T-Mobile is well known as one of the largest wireless providers in the US – in fact, it has the third largest market share. In April 2020, the company completed its takeover of rival mobile carrier Sprint. The combined company is hoping to use its new pool of resources to expand its 5G capabilities. The company introduced 5G in December 2019, and added 121 cities and towns to its mid-band 5G network in 3Q20. T-Mobile is also launching mobile hotspots, with capacity for up to 30 devices, allowing customer to take 5G on the road. In all, T-Mobile has the largest 5G network in the US, with low band extended range systems covering 1.4 million square miles and more an estimated 270 million people. T-Mobile’s third quarter results showed top line revenue of $19.3 billion, up 73% year-over-year on the strength of the Spring merger. We’ll have to wait until next month to get the Q4 and full year 2020 numbers – but some preliminary indicators are looking good. The company recently reached a 100 million-strong customer base for the first time, and early Q4 numbers show an additional 1.7 million subscribers added. Among the fans is Oppenheimer analyst Tim Horan, who sees the company in a solid position. “We expect TMUS will aggressively launch 5G fixed wireless this year and its mid-band spectrum assets will help because of its favorable propagation characteristics… We expect TMUS's network quality to improve as it deploys more of Sprint's 2.5GHz this year. Customers will notice a difference in performance to LTE once 5G devices are widely adopted,” the 5-star analyst noted. These bullish comments back an Outperform (i.e. Buy) rating, and Horan’s $160 price target indicates confidence in a 28% upside potential for the year ahead. (To watch Horan’s track record, click here) Wall Street’s confidence on the telecommunications giant speaks for itself; TMUS has received a whopping 15 Buy ratings in the last three months vs. just two Holds. Meanwhile, the $147.44 consensus price target suggests a potential upside of 18% from the current share price. (See TMUS stock analysis on TipRanks) II-VI, Inc. (IIVI) Last but not least is II-VI, a manufacturer of engineered materials and optoelectronic components for industrial use, optical communications, and semiconductor capital equipment, among other uses. II-VI’s products are found in the manufacture of computer chips and telecommunication equipment – and this is where it finds a connection with 5G. The company has focused its efforts on communications lasers, a vital component of 5G wireless tech, and in February of 2020 introduced a line of high-speed indium phosphide electro-absorption modulated lasers for 5G optical infrastructure. II-VI expects to find strong growth in Asia, as Chinese 5G networks expand outside of the major urban areas. Anticipated growth has come on the back of earnings and revenue growth. In its fiscal Q1, reported in November, II-VI reported a 47% year-over-year increase in EPS, from 55 cents to 84 cents. Revenue came in just below expectation, but were still up 113% yoy and reached $728 million. Merrill Lynch analyst Vivek Arya likes II-VI’s industry position, noting: “II-VI strengthened its product portfolio within its communications business (~70% of sales evenly split across datacom/telecom), levered to some of our favorite secular themes in 2021 including 5G infrastructure and cloud… II-VI continues to remain our top SMid-cap pick, with its leading position in the optical market well levered to 5G/cloud…” To this end, Arya rates IIVI a Buy along with a $100 price target. This figure implies ~13% upside from current levels. (To watch Arya’s track record, click here) Turning now to the rest of the Street, it appears that other analysts are generally on the same page. With 15 Buy ratings and 5 Holds assigned in the last three months, the consensus rating comes in as a Moderate Buy. (See IIVI stock analysis on TipRanks) To find good ideas for 5G-related stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Tim Savageaux, 5-star analyst with Northland, rates AAOI as Outperform (i.e. Buy) based on his belief that the company’s product line will clear a path forward. Applied Optoelectronics (AAOI) 5G won’t go anywhere unless the transmitting towers get a signal – and they get that signal over cable connections. AAOI supplies optical transceivers to data centers and cable hardware to networking providers.	Applied Optoelectronics (AAOI) 5G won’t go anywhere unless the transmitting towers get a signal – and they get that signal over cable connections. AAOI supplies optical transceivers to data centers and cable hardware to networking providers. Since then, AAOI has had difficulty regaining traction in the competitive optical networking niche.	Tim Savageaux, 5-star analyst with Northland, rates AAOI as Outperform (i.e. Buy) based on his belief that the company’s product line will clear a path forward. (To watch Savageaux’s track record, click here) Backing his bullish stance, Savageaux writes, “We believe the strength in Cable optics revenue seen at AAOI in Q3… is sustainable… This is especially the case given AAOIs focus on upstream transmission/Cable node technologies, the primary focus for Cable MSOs looking to relieve upstream bandwidth bottlenecks via node splits… we expect AAOI's cable optics unit could account for 25%+ of total [revenues]… Recent press reports and forecasts from China point to 5G base station deployments from 600K-1M in CY21 vs ~580K in CY20, supporting a 1H21 recovery in AAOI 25G laser shipments for 5G fronthaul…” Is the rest of the Street in agreement? Applied Optoelectronics (AAOI) 5G won’t go anywhere unless the transmitting towers get a signal – and they get that signal over cable connections.	(To watch Savageaux’s track record, click here) Backing his bullish stance, Savageaux writes, “We believe the strength in Cable optics revenue seen at AAOI in Q3… is sustainable… This is especially the case given AAOIs focus on upstream transmission/Cable node technologies, the primary focus for Cable MSOs looking to relieve upstream bandwidth bottlenecks via node splits… we expect AAOI's cable optics unit could account for 25%+ of total [revenues]… Recent press reports and forecasts from China point to 5G base station deployments from 600K-1M in CY21 vs ~580K in CY20, supporting a 1H21 recovery in AAOI 25G laser shipments for 5G fronthaul…” Is the rest of the Street in agreement? (See AAOI stock analysis on TipRanks) T-Mobile US (TMUS) T-Mobile is well known as one of the largest wireless providers in the US – in fact, it has the third largest market share. Applied Optoelectronics (AAOI) 5G won’t go anywhere unless the transmitting towers get a signal – and they get that signal over cable connections.
9604.0	2020-12-16 00:00:00 UTC	Independent Director Che-Wei Lin Just Bought 42% More Shares In Applied Optoelectronics, Inc. (NASDAQ:AAOI)	AAOI	https://www.nasdaq.com/articles/independent-director-che-wei-lin-just-bought-42-more-shares-in-applied-optoelectronics-inc	nan	nan	Investors who take an interest in Applied Optoelectronics, Inc. (NASDAQ:AAOI) should definitely note that the Independent Director, Che-Wei Lin, recently paid US$7.82 per share to buy US$199k worth of the stock. That's a very solid buy in our book, and increased their holding by a noteworthy 42%. Applied Optoelectronics Insider Transactions Over The Last Year In fact, the recent purchase by Che-Wei Lin was the biggest purchase of Applied Optoelectronics shares made by an insider individual in the last twelve months, according to our records. That means that an insider was happy to buy shares at around the current price of US$8.32. That means they have been optimistic about the company in the past, though they may have changed their mind. While we always like to see insider buying, it's less meaningful if the purchases were made at much lower prices, as the opportunity they saw may have passed. Happily, the Applied Optoelectronics insiders decided to buy shares at close to current prices. In the last twelve months insiders purchased 35.40k shares for US$289k. On the other hand they divested 12.50k shares, for US$176k. In total, Applied Optoelectronics insiders bought more than they sold over the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you click on the chart, you can see all the individual transactions, including the share price, individual, and the date! NasdaqGM:AAOI Insider Trading Volume December 17th 2020 Applied Optoelectronics is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying. Does Applied Optoelectronics Boast High Insider Ownership? I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. It appears that Applied Optoelectronics insiders own 5.3% of the company, worth about US$10m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment. What Might The Insider Transactions At Applied Optoelectronics Tell Us? The recent insider purchase is heartening. We also take confidence from the longer term picture of insider transactions. However, we note that the company didn't make a profit over the last twelve months, which makes us cautious. When combined with notable insider ownership, these factors suggest Applied Optoelectronics insiders are well aligned, and that they may think the share price is too low. While we like knowing what's going on with the insider's ownership and transactions, we make sure to also consider what risks are facing a stock before making any investment decision. To help with this, we've discovered 3 warning signs (1 is concerning!) that you ought to be aware of before buying any shares in Applied Optoelectronics. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors who take an interest in Applied Optoelectronics, Inc. (NASDAQ:AAOI) should definitely note that the Independent Director, Che-Wei Lin, recently paid US$7.82 per share to buy US$199k worth of the stock. NasdaqGM:AAOI Insider Trading Volume December 17th 2020 Applied Optoelectronics is not the only stock insiders are buying. Applied Optoelectronics Insider Transactions Over The Last Year In fact, the recent purchase by Che-Wei Lin was the biggest purchase of Applied Optoelectronics shares made by an insider individual in the last twelve months, according to our records.	Investors who take an interest in Applied Optoelectronics, Inc. (NASDAQ:AAOI) should definitely note that the Independent Director, Che-Wei Lin, recently paid US$7.82 per share to buy US$199k worth of the stock. NasdaqGM:AAOI Insider Trading Volume December 17th 2020 Applied Optoelectronics is not the only stock insiders are buying. Applied Optoelectronics Insider Transactions Over The Last Year In fact, the recent purchase by Che-Wei Lin was the biggest purchase of Applied Optoelectronics shares made by an insider individual in the last twelve months, according to our records.	NasdaqGM:AAOI Insider Trading Volume December 17th 2020 Applied Optoelectronics is not the only stock insiders are buying. Investors who take an interest in Applied Optoelectronics, Inc. (NASDAQ:AAOI) should definitely note that the Independent Director, Che-Wei Lin, recently paid US$7.82 per share to buy US$199k worth of the stock. Applied Optoelectronics Insider Transactions Over The Last Year In fact, the recent purchase by Che-Wei Lin was the biggest purchase of Applied Optoelectronics shares made by an insider individual in the last twelve months, according to our records.	Investors who take an interest in Applied Optoelectronics, Inc. (NASDAQ:AAOI) should definitely note that the Independent Director, Che-Wei Lin, recently paid US$7.82 per share to buy US$199k worth of the stock. NasdaqGM:AAOI Insider Trading Volume December 17th 2020 Applied Optoelectronics is not the only stock insiders are buying. Applied Optoelectronics Insider Transactions Over The Last Year In fact, the recent purchase by Che-Wei Lin was the biggest purchase of Applied Optoelectronics shares made by an insider individual in the last twelve months, according to our records.
9605.0	2020-11-07 00:00:00 UTC	Revenue Downgrade: Here's What Analysts Forecast For Applied Optoelectronics, Inc. (NASDAQ:AAOI)	AAOI	https://www.nasdaq.com/articles/revenue-downgrade%3A-heres-what-analysts-forecast-for-applied-optoelectronics-inc.-nasdaq	nan	nan	Today is shaping up negative for Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. Revenue estimates were cut sharply as analysts signalled a weaker outlook - perhaps a sign that investors should temper their expectations as well. After the downgrade, the nine analysts covering Applied Optoelectronics are now predicting revenues of US$285m in 2021. If met, this would reflect a substantial 42% improvement in sales compared to the last 12 months. Prior to the latest estimates, the analysts were forecasting revenues of US$339m in 2021. It looks like forecasts have become a fair bit less optimistic on Applied Optoelectronics, given the measurable cut to revenue estimates. NasdaqGM:AAOI Earnings and Revenue Growth November 7th 2020 The consensus price target fell 26% to US$12.25, with the analysts clearly less optimistic about Applied Optoelectronics' valuation following this update. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Applied Optoelectronics analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$8.00. So we wouldn't be assigning too much credibility to analyst price targets in this case, because there are clearly some widely differing views on what kind of performance this business can generate. As a result it might not be possible to derive much meaning from the consensus price target, which is after all just an average of this wide range of estimates. These estimates are interesting, but it can be useful to paint some more broad strokes when seeing how forecasts compare, both to the Applied Optoelectronics' past performance and to peers in the same industry. For example, we noticed that Applied Optoelectronics' rate of growth is expected to accelerate meaningfully, with revenues forecast to grow 42%, well above its historical decline of 1.5% a year over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in the industry are forecast to see their revenue grow 3.2% per year. Not only are Applied Optoelectronics' revenues expected to improve, it seems that the analysts are also expecting it to grow faster than the wider industry. The Bottom Line The most important thing to take away is that analysts cut their revenue estimates for next year. They're also forecasting more rapid revenue growth than the wider market. Furthermore, there was a cut to the price target, suggesting that the latest news has led to more pessimism about the intrinsic value of the business. Often, one downgrade can set off a daisy-chain of cuts, especially if an industry is in decline. So we wouldn't be surprised if the market became a lot more cautious on Applied Optoelectronics after today. That said, the analysts might have good reason to be negative on Applied Optoelectronics, given dilutive stock issuance over the past year. Learn more, and discover the 3 other flags we've identified, for free on our platform here. Another way to search for interesting companies that could be reaching an inflection point is to track whether management are buying or selling, with our free list of growing companies that insiders are buying. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	NasdaqGM:AAOI Earnings and Revenue Growth November 7th 2020 The consensus price target fell 26% to US$12.25, with the analysts clearly less optimistic about Applied Optoelectronics' valuation following this update. Today is shaping up negative for Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. So we wouldn't be assigning too much credibility to analyst price targets in this case, because there are clearly some widely differing views on what kind of performance this business can generate.	Today is shaping up negative for Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. NasdaqGM:AAOI Earnings and Revenue Growth November 7th 2020 The consensus price target fell 26% to US$12.25, with the analysts clearly less optimistic about Applied Optoelectronics' valuation following this update. The most optimistic Applied Optoelectronics analyst has a price target of US$22.00 per share, while the most pessimistic values it at US$8.00.	NasdaqGM:AAOI Earnings and Revenue Growth November 7th 2020 The consensus price target fell 26% to US$12.25, with the analysts clearly less optimistic about Applied Optoelectronics' valuation following this update. Today is shaping up negative for Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. For example, we noticed that Applied Optoelectronics' rate of growth is expected to accelerate meaningfully, with revenues forecast to grow 42%, well above its historical decline of 1.5% a year over the past five years.	Today is shaping up negative for Applied Optoelectronics, Inc. (NASDAQ:AAOI) shareholders, with the analysts delivering a substantial negative revision to next year's forecasts. NasdaqGM:AAOI Earnings and Revenue Growth November 7th 2020 The consensus price target fell 26% to US$12.25, with the analysts clearly less optimistic about Applied Optoelectronics' valuation following this update. Prior to the latest estimates, the analysts were forecasting revenues of US$339m in 2021.
9606.0	2020-11-06 00:00:00 UTC	Why Applied Optoelectronics Stock Sold Off Sharply Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-stock-sold-off-sharply-today-2020-11-06	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) sold off sharply today, down by 23% as of 3 p.m. EST, after the company reported third-quarter earnings. The results were mixed compared to analyst expectations, and the company's guidance left a lot to be desired. So what Revenue in the third quarter came in at $76.6 million, which was shy of the $79 million in sales that Wall Street was looking for. That resulted in an adjusted net loss of $1.4 million, or $0.06 per share. The consensus estimate had called for an adjusted net loss per share of $0.08. The fiber optic networking technology company finished the quarter with $58 million in cash. Image source: Getty Images. "We are pleased to report that we recently secured our second qualification for a 400G product with a major data center operator, and we are encouraged by the customer interest we continue to see for this product," CEO Thompson Lin said in a statement. "Looking ahead, while we expect headwinds in the fourth quarter as our hyperscale data center customers adjust their inventory levels downward, and we see effects of what we believe to be a temporary pause in 5G deployments in China, we believe our customer relationships and market share position remain strong, while the continued demand for higher bandwidth will drive long-term growth." Now what Revenue in the fourth quarter is expected to be in the range of $50 million to $55 million, which is significantly below the $84 million in sales that analysts are modeling for. That should result in an adjusted net loss per share of $0.19 to $0.25, while investors were hoping for the company to break even. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) sold off sharply today, down by 23% as of 3 p.m. EST, after the company reported third-quarter earnings. The results were mixed compared to analyst expectations, and the company's guidance left a lot to be desired. "Looking ahead, while we expect headwinds in the fourth quarter as our hyperscale data center customers adjust their inventory levels downward, and we see effects of what we believe to be a temporary pause in 5G deployments in China, we believe our customer relationships and market share position remain strong, while the continued demand for higher bandwidth will drive long-term growth."	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) sold off sharply today, down by 23% as of 3 p.m. EST, after the company reported third-quarter earnings. That resulted in an adjusted net loss of $1.4 million, or $0.06 per share. "Looking ahead, while we expect headwinds in the fourth quarter as our hyperscale data center customers adjust their inventory levels downward, and we see effects of what we believe to be a temporary pause in 5G deployments in China, we believe our customer relationships and market share position remain strong, while the continued demand for higher bandwidth will drive long-term growth."	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) sold off sharply today, down by 23% as of 3 p.m. EST, after the company reported third-quarter earnings. "Looking ahead, while we expect headwinds in the fourth quarter as our hyperscale data center customers adjust their inventory levels downward, and we see effects of what we believe to be a temporary pause in 5G deployments in China, we believe our customer relationships and market share position remain strong, while the continued demand for higher bandwidth will drive long-term growth." Now what Revenue in the fourth quarter is expected to be in the range of $50 million to $55 million, which is significantly below the $84 million in sales that analysts are modeling for.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) sold off sharply today, down by 23% as of 3 p.m. EST, after the company reported third-quarter earnings. That resulted in an adjusted net loss of $1.4 million, or $0.06 per share. Now what Revenue in the fourth quarter is expected to be in the range of $50 million to $55 million, which is significantly below the $84 million in sales that analysts are modeling for.
9607.0	2020-11-06 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q3 2020 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q3-2020-earnings-call-transcript-2020-11-06	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2020 Earnings Call Nov 5, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Applied Optoelectronics' Third Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Monica Gould, Investor Relations for Applied Optoelectronics. Please go ahead, ma'am. Monica Gould -- Investor Relations Thank you. I'm Monica Gould, Investor Relations for Applied Optoelectronics, and I'm pleased to welcome you to AOI's Third Quarter 2020 Financial Results Conference Call. After the market closed today, AOI issued a press release announcing its second quarter 2020 financial results and provided its outlook for the third quarter of 2020. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the AOI website that will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q3 results, and Stefan will provide financial details and the outlook for the fourth quarter of 2020. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks. And by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations, as well as statements regarding the company's outlook for the fourth quarter of 2020. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the risk factors section of the company's reports on file with the SEC, including the company's annual report on Form 10-K for the year ended December 31, 2019, and the company's quarterly report on Form 10-Q for the period ended June 30, 2020. Also, with the exception of revenue, all financials discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will virtually present at the Needham security networking and communications conference on November 17. The Raymond James Technology Conference on December 8, the Cowan networking and cybersecurity conference on December 15, and the mKm partners conference on December 16. The presentations at these conferences will be webcast live and links to the webcast will be available on Investor Relations section of the aeoi website. We hope to have the opportunity to interact with many of you virtually. Additionally, I'd like to note that the date of our fourth quarter 2020earnings callis currently scheduled for February 25 2021. Now I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, Monica. And thank you, Eva for joining us today. almost a quarter of the jobs were driven by good growth in each of our Three major business segments, we achieved QC revenue of $76.6 million, which was within our guidance of 76 to $83 million. Because we were in growth 66% compared to the quarter last year, and 70% sequentially, was at the low end of our credit range. As we began to see some slowing in orders from certain of our vendors and customers in the later part of the quarter. We believe that this slowdown in orders is related to inventory normalization, following the church in demand, they were driven by the shift to working from home earlier in the years. And that gross margin of 27.4% was abakada drench of 25 to 26.5% due to favorable predominates, coupled with benefit from our cost reduction. Now telling those of six cents per share, for inline with expectations of a loss, alternate then to a loss of three cent thinner to q2, we saw good demand in the data in the market. during most of the quarter, quarter end of q3, we started to see some some nice, fun, sudden death in the customers, there was a what we believe was digestion or previous orders. And based on what we see today with tech headwinds in q4, as our hyperscale customers are just the inventory levels downward in response to supply chain disruption, the current story appeared to be less severe than fear earlier in the year, our customer relationship and market share position remained strong. And we believe the continued need of higher bandwidth within a data center was driving long term goals. Additionally, with better Canadian favorable product mix, and of course, reduction efforts to further improve our gross margin in q4. We are pleased to report that we reasonably secure our second technical qualification on the full energy product with a sizable tear to the as an operator who is an existing customer and we are encouraged by the customer interest, we are seeing from this product. This qualification will be recorded as a designer in one will receive an order from the customer for the for the product, which we expect will happen in this quarter. During the quarter, we've had 70 that wins with a stiff customers. problem is that when we're in our car TV segment, three in the data segment and one in our telecom segment. Similar to q2, we can use the brobeck demand for our one of these products for revenue for one of the products increase almost 350% from q3 of last year, and 13% sequentially. In our car TV segment, the overall demand environment continue to be strong, but overwhelming for our TV products increased 32% year over year, and 90% sequentially. As we anticipated learning from our telecom products nearly tripled year over year in q3 to echo $9 million in lost 44% sequentially driven by increased by 80 main channel. However, recently, we have been informed by several our channel sales and customer the 5g deployment there have been posed by deliver large and their operators. Whereas if we pray in the supply chain by No This was caused by Huawei. Components shortage. We say this pose will lead into q1 and zerbo expect a reduction in terms of demand in Cuba. Although we remain optimistic about circumstance in 2021, as we believe that China deployments will resume with vigor after the Lunar New Year, we remain confident that our technology leadership in Alabama, please give us a strong competitive position to address our customer needs. As demand increases. We'll continue to manage the pace efficiently to drive long term goals and see all the way the water nickel over to Stephen. I want to emphasize that we continue to pray all the light, the health, safety and well being of our employees. As the real dead of our customers and suppliers, I'm proud of the hard work that AI can continue to deliver. Thank you for your session, I can walk you live judging period. With that, I'll turn the call over to Stephen to review the details of our q3 performance performers in our local people. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you Thompson. Thompson mentioned our q3 results were broadly in line with our expectations and reflect continued progress on our revenue and customer diversification efforts and improvement in our gross margin. We saw good growth across each of our three major business segments. Similar to q2, we saw good demand in the data center market during the third quarter. Notably, our 100 g revenue increased nearly 350% from q3 last year, and 13% sequentially. However, later in the quarter, we started to see some softness in deliveries as our customers began to catch up with the surge in demand in the first half of the year, and focused on digesting previous orders. Based on what we see today, we expect headwinds in q4 at certain of our hyperscale customers adjust their inventory to more normal levels. We anticipate that revenue will be down sequentially in q4. However, we believe that in the next few quarters as inventory and our customers returns to normal level, we will resume revenue growth in this segment. We continue to have good relationships with our data center customers. We believe the fundamental needs for higher bandwidth within hyperscale data center will drive long term growth, particularly during this time as our customers remain focused on improving network performance in light of the increased traffic related to the shift toward working from home. And we expect our gross margins to further benefit in q4 from continued favorable product mix and our cost reduction efforts. Turning to our quarterly performance, total revenue for the third quarter of $76.6 million was in line with our guidance range. revenue increased 66% year over year, and 17% sequentially driven by growth in all of our business segments. Our data center revenue Rose 5% sequentially and 63% year over year to $55.3 million and accounted for 72% of our total revenue. In the third quarter 28% of our data center revenue was from our 40 g transceiver product, and 68% was from our 100 g products. We are pleased with our progress on our customer diversification efforts. Overall for the quarter, our top 10 customers represented 84.9% of revenue, which compares to 88.3% in q3 of last year, we had 210 percent or greater customers in the corner, both of which were in the data center segment. These customers contributed 40% and 10% of total revenue respectively. During the third quarter, in addition to the 10% or greater customers, we had three other customers who each contributed between 5% and 10% of total revenue. Two of these customers were in our data center segment and one nctb. This compared to to 10% or greater customers, and one customer between 5% and 10% in q3 of last year. Our top five customers represented 75% of our revenue compared to 82% in q3 of last year. Turning to our cipd products, we generated revenue of $11.6 million, up 90% sequentially, and up 32% from $8.8 million in q3 of last year. As expected, we began shipping newly designed line extender amplifier products in the quarter and plan to ship initial quantities of system amplifier products in q4. Demand from North American msos for HFC equipment appears to be stronger than it has been in several years. And we currently expect this demand to continue for at least the next several quarters as msos upgrade their networks, particularly to address congestion in the return path. revenue from our telecom products more than tripled to a record $8.9 million from $2.9 million in q3 of last year. Driven by increased 5g demand in China. revenue from our telecom products accounted for 12% of total revenue, reflecting an increase of 44% from the second quarter and 209% from q3 of last year. Gross Margin in our telecom segment also continue to expand up 230 basis points sequentially. This growth in revenue, combined with increasing gross margin is one of the factors that contributed to the favorable product mix that allowed us to exceed our gross margin guidance in q3. However, as Thompson mentioned earlier, recently, we have been informed by several of our China Telecom customers. That 5g deployment there has been paused by several large network operators as they replan their supply chains. Following the disruption caused by Huawei is component shortages. We anticipate that revenue will be down sequentially in q4. However, we believe that growth will resume in q1. Overall, we remain optimistic about telecom spend in 2021, as we believe that China deployments will resume with vigor after the Lunar New Year. The recent notable highlight in our ftth segment is our involvement working on the 25 gf Pon MFA, alongside Nokia and three Asia Pacific service providers. We are pleased to be working on this MSA which positions as well in the next generation pond ecosystem. And we believe this could be the long term growth driver for our fiber to the home segment. In q3, we generated non gap gross margin of 27.4% compared to 28.8%, in q3 of the prior year. Gross Margin was above our guidance range of 25% to 26.5%. Due to a favorable product mix, coupled with benefits from our cost reduction actions. We expect these benefits and our product mix to further improve our gross margin in q4, which we anticipate could approach 29%.Total non GAAP operating expenses in the third quarter were $22.3 million, or 29.1% of revenue, compared with $18.4 million, or 39.9% of revenue in q3 of last year. operating expenses as a percent of overall revenue decreased from last year and reflect our efficient expense management. Non GAAP operating loss in the third quarter was $1.3 million, compared to an operating loss of $5.1 million in q3 last year. gap net loss for q3 was $9.6 million, or loss of 42 cents per basic share, compared with a gap net loss of $8.8 million or 44 cents per basic share in q3 of last year. On a non GAAP basis, net loss for q3 was $1.4 million, or loss of six cents per basic share, which was at the high end of our guidance range of a loss of $0.6 million to $4.6 million, or loss of three cents to 20 cents per basic share, and compares to a net loss of $2.9 million, or loss of 15 cents per basic share in q3 of last year. The basic shares outstanding used for computing the net loss in q3 were 22 point 7 million. Turning now to the balance sheet. We ended the third quarter with $58.1 million in total cash, cash equivalents, short term investments and restricted cash. This compares with $58.9 million at the end of the second quarter, and reflects $6.1 million in cash used for operations. As of September 30, we had $111.4 million in inventory, compared to $97.3 million in q2. The increase was driven mainly by the buildup of raw material and semi finished goods inventory, which we are preparing prior to year end. And in anticipation of the Lunar New Year holiday. We made a total of $3.5 million in capital investments in the quarter, including $1.2 million in production equipment and machinery and $2.2 million on construction and building improvements. This was below our expectations as we continue to tightly manage capex. However as we discussed on the q2 call, we did resumed spending on our new China facility in q3. We now expect total 2020 capital expenditures to be below our prior expectations as we continue to tightly manage our capex plans. Currently, we expect 2020 capex to be approximately $22 million down from our previous estimate of $42 million. The reduction is mostly due to a reduction in equipment purchases, and building improvements as we work with our customers to anticipate the timing of the 400 g ramp next year. We will continue to reevaluate our spending needs as our plans evolve. Before we turn to our outlook, I would like to provide a quick update on the FM Market offering we announced in February. To date, we have raised $23.2 million in gross proceeds under this program, including $8.9 million raised in q3. As we have stated previously, we intend to use these proceeds to continue to make investments in the business, including new equipment and machinery for production and research and development use. Moving now to our q4 outlook, we expect q4 revenue to be between $50 million and $55 million and non GAAP gross margin to be in the range of 28.5% to 29.5%. That loss is expected to be in the range of $4.5 million to $5.8 million and non gap loss per basic share between 19 cents and 25 cents, using a weighted average basic share count of approximately 23 point 5 million shares. And with that, I will turn it back over to the operator for the q&a session. operator. Questions and Answers: Operator [Operator Instructions] Our first question comes from Dave Kang with B. Riley. Dave Kang -- B. Riley -- Analyst Hi, thanks for taking my question. I just have a quick one on the 400 G and 100 gene products. I was wondering if you guys could give a little color around the pricing environment. Do you guys see any weakness in pricing there? Also, how's the demand looking? Can you guys give any call around that? Like what are your customers? demands looking like going forward? And how do you guys view strengthen that product? Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Sure. So regarding your first question on the pricing environment, it's been pretty stable. I mean, within our within our expectations. Note no big change in that. Regarding your question on demand, as we talked about in our prepared remarks, I think there's some near term headwinds in from some of the hyperscale customers we've seen. You know, basically, I think what's going on here is that several of them, you know, kind of anticipated more supply chain disruption during COVID than actually occurred. So they you know, they prepared extra inventory in anticipation that there would be some some problems, those problems maybe didn't materialize as, as much as they thought they might. And so, you know, they're going to adjust their inventories back to more normal levels. Now, that's, that's what's going on. That'll take the next couple of quarters to to normalize itself, we think. Dave Kang -- B. Riley -- Analyst Okay, great. Thanks. And on the 200 and 400 gig products that was a progress looking how qualifications coming along. And how does the demand and pricing environment look for that going forward? Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Sure. So I mean, 200 gig products are, you know, they're not probably the next mainstream product, as we talked about in our previous previous earnings calls and other investor communications, we think 400 gig is really where the next generation is going to land pretty squarely. We do have some 200 gig sales, but it's relatively minor. As far as 400 gigs, the qualifications that are ongoing there. We have some good progress on that this quarter. We did finish a can successfully completed a qualification effort from one of our data center operators this quarter for 400 G. That's our second qualification. The other one was announced, I believe in q2 started with that's in our in q2 for our q1 call. So that's our second 400 gig qualification. And we think that speaks pretty highly of our technology and our ability to gain traction in that market. We do see the 400 gig market are beginning to pick up in earnest probably the middle part of next year. You know, we're still working with our customers to ascertain the exact timeframe there but it's starting to feel, you know, more more solid that that we'll start to see some orders in the middle part of next year. Dave Kang -- B. Riley -- Analyst Sorry, go ahead. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board No, no, that's it. I think I answered that question. Dave Kang -- B. Riley -- Analyst Great. Thanks. That's all for now. Thank you. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Okay, very good. Thank you. Operator Our next question comes from Paul Silverstein with Cowen. Paul Silverstein -- Cowen -- Analyst Right now, I mean, the demand that we're seeing is primarily in China. there there's probably demand, you know, outside of that, but it's not something that we have much exposure to at this point. It's more separated by hearing correctly, you just don't have much exposure on the other side. And that's, that's why you your revenues, how you leverage 5g, China, not so much a very little to 5g outside of China. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Yeah, but my suspicion is that there's not I mean, there's obviously 5g activity going on in China. But I want to be really clear that when we talk about 5g, what we're really talking about is ultra wideband 5g. There's certainly 5g deployments going on in areas outside of China. But but for the most part, the the front hall and mid Hall. Links in those applications are similar to 4g. So there's not, you know, there's not a need for the kind of high bandwidth optics that we're supplying. Those optics are needed in the ultra wideband 5g, which right now is primarily being deployed in China. So it's not that we necessarily don't have, you know, inroads or the capability to sell in other parts of the world. It's just that the ultra wideband types of 5g deployments are not really that active outside of time. Paul Silverstein -- Cowen -- Analyst Honestly, appreciate the response. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board My pleasure. Operator [Operator Instructions] At this time, we have no further questions. I will now turn the call over to Dr. Thompson Lin for closing remarks. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Okay, thank you for joining us today, as always, signal to our investors, customers and employees for your continuous support. And we look forward to virtually seeing many of you at our upcoming investment conference. Operator [Operator Closing Remarks] Duration: 27 minutes Call participants: Monica Gould -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Dave Kang -- B. Riley -- Analyst Paul Silverstein -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of October 20, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2020 Earnings Call Nov 5, 2020, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 27 minutes Call participants: Monica Gould -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Dave Kang -- B. Riley -- Analyst Paul Silverstein -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. We believe the fundamental needs for higher bandwidth within hyperscale data center will drive long term growth, particularly during this time as our customers remain focused on improving network performance in light of the increased traffic related to the shift toward working from home.	Operator [Operator Closing Remarks] Duration: 27 minutes Call participants: Monica Gould -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Dave Kang -- B. Riley -- Analyst Paul Silverstein -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2020 Earnings Call Nov 5, 2020, 4:30 p.m. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.	Operator [Operator Closing Remarks] Duration: 27 minutes Call participants: Monica Gould -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Dave Kang -- B. Riley -- Analyst Paul Silverstein -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2020 Earnings Call Nov 5, 2020, 4:30 p.m. We expect these benefits and our product mix to further improve our gross margin in q4, which we anticipate could approach 29%.Total non GAAP operating expenses in the third quarter were $22.3 million, or 29.1% of revenue, compared with $18.4 million, or 39.9% of revenue in q3 of last year.	Operator [Operator Closing Remarks] Duration: 27 minutes Call participants: Monica Gould -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Dave Kang -- B. Riley -- Analyst Paul Silverstein -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2020 Earnings Call Nov 5, 2020, 4:30 p.m. Similar to q2, we saw good demand in the data center market during the third quarter.
9608.0	2020-09-27 00:00:00 UTC	These 2 Small-Cap Tech Stocks Are Grossly Undervalued, Says Needham	AAOI	https://www.nasdaq.com/articles/these-2-small-cap-tech-stocks-are-grossly-undervalued-says-needham-2020-09-27	nan	nan	Markets are volatile this month, with the magnitude of the shifts most pronounced in the tech-heavy NASDAQ. That index fell 7.5% from its peak – reached on September 2 – a slide pronounced enough to have investors questioning whether this is just a correction, or a true reversal of the bull market we saw through the summer. But in recent sessions, the index has been gaining; it entered the weekend on a high note, having added 2.3%. The fast rise in the NASDAQ during the summer was no fluke. It was based on the real contributions that tech companies are making to the economy and our lives. From the 5G rollout, to improvements in semiconductor chips, to the expansion of IoT and smart device capabilities – tech is everywhere, and it’s growing fast. The best part is, you don’t need to buy into the tech giants to take part. There are plenty of lower cost tech stocks out there with clear paths forward – sometimes, even paths to triple-digit share appreciation. Investment banking firm Needham, which earns a top spot on TipRanks' list of Top Performing Research Firms, has pointed out two such stocks. Using TipRanks’ Stock Comparison tool, we were able to evaluate these stock picks alongside each other to get a sense of what the analyst community has to say. Applied Optoelectronics (AAOI) Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. These are major markets, with varying needs – and plenty of demand. AO’s revenues reflect the high demand. The company reported $65.2 million in Q2, up 61% from the previous quarter and 50% year-over-year. Margins have been fluctuating, but came in at 21% for Q2. The company showed a 40-cent per share net loss for the quarter, but that was a 33% improvement sequentially. Alex Henderson, a 5-star analyst with Needham, is impressed with Applied Optoelectronics’ results, and says so bluntly. While acknowledging some concern about margins, Henderson writes, “AOI posted a huge beat and an even bigger 3Q guide with trends that appears to be accelerating into the fourth quarter and into CY21. The CATV business, Telecom 5G chips, and Data Center 100G products all delivered way ahead of expectations… The combination of improved volumes of 100G, ramping CPRI 25G chip sales, rebounding CATV Revenues provide upside potential to Revenues, improving Gross Margins and a clearer path to Cash Flow and EPS profitability." With such bullish comments, it’s no wonder that Henderson rates AAOI shares a Buy, nor that his $22 price target implies a 105% upside for the next 12 months. (To watch Henderson’s track record, click here) While Henderson is bullish, Wall Street is more cautious. The analyst consensus rating on AAOI is a Hold, based on 7 recent reviews breaking down to 1 Buy, 4 Holds, and 2 Sells. Shares are selling for $10.73 and the average price target of $16.43 suggests a 55% one-year upside potential. (See AAOI stock analysis on TipRanks) Viomi Technology Company (VIOT) Next up is a Chinese tech firm, Viomi. This is a holding company, controlling a network of holding companies in the IoT sector. Viomi’s products include ‘smart home’ enabled devices, from fans and refrigerators to water heaters and washing machines. The company’s subsidiaries develop and market the devices to a domestic Chinese customer base – and with an urban population of 831 million and growing in size and wealth, that customer base is huge. Like most countries, China saw an economic slowdown in 1H20 due to the coronavirus pandemic. Viomi, whose revenues and earnings had been increasing in 2019, saw both slip in the first half of this year. In Q2, revenues were at US$238.4 million. That was way down from the $1.74 billion recorded in 4Q19. EPS, which fell from 20 cents to 6 cents in Q1, was up slightly to 8 cents in Q2. Even though the financial results were iffy, Viomi reported that customer growth remained steady. For the second quarter, the company reported cumulative household reach at 4.2 million. This was up from 3.7 million in Q1, and 2.3 million in 2Q19. And, Viomi is seeing repeat customers – the company reports that 19% of household users have at least two connected devices, compared to 16% one year ago. Reviewing Viomi for Needham, analyst Vincent Yu believes the company has a fairly standard pathway to retailer success. “With the introduction of new product lines such as smart TVs, and air conditioners, we believe Viomi has hit a milestone in terms of category expansion. We expect to see the introduction of new SKUs with higher ASPs, and roll-backs in discounts for newly launched product categories,” the analyst opined. "We think Viomi's gross margin was in-line with industry trends during 1H20. The home appliance industry as a whole experienced a material headwind due to Covid 19 [...] We believe the demand recovery for the industry and consumer demand that started in June will boost the gross margin in 2H20." Yu’s Buy rating here comes with a price target of $12.50. This suggests a 117% one-year upside potential for the stock, which is currently selling for $5.76 per share. (To watch Yu’s track record, click here) Overall, Viomi is considered a “Moderate Buy” on Wall Street, with one Buy and one Hold rating from analysts. The consensus price target of $9.40 shows a 63% upside from current levels. (See VIOT stock analysis on TipRanks) To find good tech ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics (AAOI) Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. With such bullish comments, it’s no wonder that Henderson rates AAOI shares a Buy, nor that his $22 price target implies a 105% upside for the next 12 months. The analyst consensus rating on AAOI is a Hold, based on 7 recent reviews breaking down to 1 Buy, 4 Holds, and 2 Sells.	The analyst consensus rating on AAOI is a Hold, based on 7 recent reviews breaking down to 1 Buy, 4 Holds, and 2 Sells. Applied Optoelectronics (AAOI) Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. With such bullish comments, it’s no wonder that Henderson rates AAOI shares a Buy, nor that his $22 price target implies a 105% upside for the next 12 months.	(See AAOI stock analysis on TipRanks) Viomi Technology Company (VIOT) Next up is a Chinese tech firm, Viomi. Applied Optoelectronics (AAOI) Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. With such bullish comments, it’s no wonder that Henderson rates AAOI shares a Buy, nor that his $22 price target implies a 105% upside for the next 12 months.	Applied Optoelectronics (AAOI) Applied Optoelectronics is a leader in the fiber-optic cable market, providing high-end networking cables and ancillary equipment for the telecommunications, fiber-to-the-home, cable tv, and internet data center markets. With such bullish comments, it’s no wonder that Henderson rates AAOI shares a Buy, nor that his $22 price target implies a 105% upside for the next 12 months. The analyst consensus rating on AAOI is a Hold, based on 7 recent reviews breaking down to 1 Buy, 4 Holds, and 2 Sells.
9609.0	2020-09-06 00:00:00 UTC	3 Top 5G Stocks to Buy in September	AAOI	https://www.nasdaq.com/articles/3-top-5g-stocks-to-buy-in-september-2020-09-06	nan	nan	Marketing campaigns have started touting the nation-spanning launch of 5G mobile networks, promising faster download speeds and better reliability. But there's one catch: You'll need a new phone that can handle the new 5G signal. This means a new consumer device upgrade cycle may be coming. Paired with the continuous infrastructure improvements network operators will need to make in support of their 5G services, companies involved in the manufacture of hardware could benefit the most. Three worth a look in the month of September are Skyworks Solutions (NASDAQ: SWKS), Applied Optoelectronics (NASDAQ: AAOI), and Micron Technology (NASDAQ: MU). Image source: Getty Images. Getting connected to 5G Nicholas Rossolillo (Skyworks Solutions): As I write this, semiconductor stocks are finally taking a breather after a relentless rally off of March lows. Many chip companies have had surging demand as organizations scramble to update their equipment to deal with social distancing and the ensuing remote work. Skyworks is not one of those companies. Its revenue through the first three quarters of its current fiscal year 2020 remains down 6% from a year ago. However, Skyworks is slowly clawing its way back to growth mode in spite of 2020 being a not-so-great year for smartphone sales (blame the pandemic). But the connectivity chipmaker could stand to gain quite a bit this autumn. Roughly half of its revenue is derived from Apple (NASDAQ: AAPL) -- it supplies the iPhone with radio chips that connect the device to a wireless network. Whether it's a new 5G-enabled iPhone or one still using "old" 4G technology, Skyworks could wind up selling a lot of components as consumers start to resume purchasing devices and upgrading old phones. Besides a coming wave of growth from 5G, Skyworks also makes WiFi and connectivity equipment for a myriad of devices outside of the smartphone market. This could be a solid place to be in the decade ahead, as seemingly everything these days gets an internet connection-enabling chip embedded in it -- from cars to smart home devices to industrial equipment. To help its cause, Skyworks boasts a squeaky clean balance sheet with $1.16 billion in cash and equivalents and zero debt. It also pays a decent dividend, currently yielding 1.3%, with plenty of room to raise the payout over time. After the recent pullback, Skyworks Solutions stock trades for 24 times trailing 12-month free cash flow. It's a premium price tag that assumes this company will return to growth over the next year, but not an unreasonable amount to pay if the smartphone market does indeed make a comeback -- boosted by new demand for 5G phones. Now looks like a good time to make a buy for the long haul. Data centers and wireless towers need fiber-optic connectors Anders Bylund (Applied Optoelectronics): This maker of fiber-optic networking product might look like a strange play on the 5G market, but Applied Optoelectronics is actually tightly related to the wireless industry. High-speed wireless networks need to be connected to the global internet through even faster and ultra-reliable links, and optical networks are perfect for that job. Rising use of mobile networks also results in heavy traffic to, from, and within the data centers that serve up content to mobile devices, giving Applied Optoelectronics yet another point of entry. The coronavirus pandemic limited this company's incoming orders in the first half of 2020, and its earnings reports have been mixed. Therefore, the stock is trading approximately 30% below its 52-week highs and 2% lower from a year-to-date perspective. Management sees brighter days ahead, though. "We are encouraged by the increased data center demand from a diverse set of customers and improving 5G-related activity that began earlier this year and will continue into Q3," CEO Thompson Lin said on last month's second-quarter earnings call. "During the second quarter, we saw significant improvement in our telecom and cable sectors. Revenue in our telecom segment more than doubled sequentially and outpaced our cable TV business, driven by increased 5G activity." The next few quarters might be a bit bumpy due to the unpredictable pace of 5G installations during a pandemic, but the long-term promise of solid growth is not in doubt. Applied Optoelectronics is a solid buy right now, and the 5G revolution is an important ingredient of this company's enticing growth prospects. 5G will greatly increase demand for DRAM and NAND Billy Duberstein (Micron Technology): The 5G era is just getting started, which should mean bigger and better demand for memory and storage demand for the foreseeable future. Micron Technology is one of the best-positioned stocks to capitalize on that opportunity, with a best-in-class portfolio across DRAM memory, NAND flash storage, and a new type of "fast storage" called 3D Xpoint. DRAM is especially important for Micron, as it gets about two-thirds of its revenue from that product and an even higher amount of gross profits. Fortunately, the DRAM industry only has three large players as of today, and 5G phones will require much more DRAM than 4G phones. Even low-end 5G phones, which is the largest part of the phone market, will require twice the amount of DRAM and NAND per unit. So even without much unit growth, mobile DRAM demand is set to double in the 5G era. But it's not just phone memory that will take off from 5G. Faster 5G networks will create a "virtuous cycle" whereby more computing power will also be needed in data centers, edge computing clusters, "smart" vehicles, and IoT devices to interact with 5G networks, creating more memory demand for lots and lots of applications. 5G will also go hand-in-hand with artificial intelligence. Up until now, Micron hadn't had an AI-specific high-bandwidth memory (HBM) product, but fortunately, the company recently introduced its first HBM. Going forward, I would expect this product to lead to incremental strength for Micron that tech investors have realized in AI-focused chip companies such as NVIDIA (NASDAQ: NVDA) and Advanced Micro Devices (NASDAQ: AMD). Even with these long-term tailwinds, investors can pick up Micron stock for a bargain price in September, at just 1.3 times book value. The stock has pulled back a little bit recently, as investors worry this year's strong first-half demand has pulled forward demand from the second half of the year, which could lead to a quarterly downturn. In addition, new U.S. trade rules targeting Chinese tech giant Huawei may mean Micron will have to stop shipping products to Huawei starting Sept. 14, and Huawei accounted for almost 10% of sales in the recent quarter. While these may both be headwinds for the current quarter, it should be noted that Micron also sells a lot of product to Huawei competitor Xiaomi (OTC: XIACY), who could potentially take 5G market share from Huawei if Huawei is forced to use inferior components. In fact, Xiaomi and Micron teamed up in a February press release touting Micron's industry-leading LPDDR5 DRAM memory inside Xiaomi's new flagship 5G phone, the Mi 10. Basically, the COVID-19 and trade war era has caused a lot of volatility around memory supply and demand, but the long-term picture for Micron still looks rosy as the 5G era spurs accelerated memory demand over the next 5 to 10 years, starting now. 10 stocks we like better than Skyworks Solutions When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Skyworks Solutions wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Anders Bylund owns shares of Micron Technology. Billy Duberstein owns shares of Apple, Micron Technology, and Xiaomi ADR and has the following options: short January 2022 $30 puts on Micron Technology, short October 2020 $28 puts on Advanced Micro Devices, short January 2021 $18 puts on Micron Technology, short January 2021 $25 puts on Micron Technology, short January 2022 $35 puts on Micron Technology, short September 2020 $50 calls on Micron Technology, and short September 2020 $160 calls on Apple. His clients may own shares of some of the companies mentioned. Nicholas Rossolillo and his clients owns shares of Apple, Micron Technology, NVIDIA, and Skyworks Solutions. The Motley Fool owns shares of and recommends Apple, NVIDIA, and Skyworks Solutions. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Three worth a look in the month of September are Skyworks Solutions (NASDAQ: SWKS), Applied Optoelectronics (NASDAQ: AAOI), and Micron Technology (NASDAQ: MU). This could be a solid place to be in the decade ahead, as seemingly everything these days gets an internet connection-enabling chip embedded in it -- from cars to smart home devices to industrial equipment. It's a premium price tag that assumes this company will return to growth over the next year, but not an unreasonable amount to pay if the smartphone market does indeed make a comeback -- boosted by new demand for 5G phones.	Three worth a look in the month of September are Skyworks Solutions (NASDAQ: SWKS), Applied Optoelectronics (NASDAQ: AAOI), and Micron Technology (NASDAQ: MU). Billy Duberstein owns shares of Apple, Micron Technology, and Xiaomi ADR and has the following options: short January 2022 $30 puts on Micron Technology, short October 2020 $28 puts on Advanced Micro Devices, short January 2021 $18 puts on Micron Technology, short January 2021 $25 puts on Micron Technology, short January 2022 $35 puts on Micron Technology, short September 2020 $50 calls on Micron Technology, and short September 2020 $160 calls on Apple. Nicholas Rossolillo and his clients owns shares of Apple, Micron Technology, NVIDIA, and Skyworks Solutions.	Three worth a look in the month of September are Skyworks Solutions (NASDAQ: SWKS), Applied Optoelectronics (NASDAQ: AAOI), and Micron Technology (NASDAQ: MU). 5G will greatly increase demand for DRAM and NAND Billy Duberstein (Micron Technology): The 5G era is just getting started, which should mean bigger and better demand for memory and storage demand for the foreseeable future. Basically, the COVID-19 and trade war era has caused a lot of volatility around memory supply and demand, but the long-term picture for Micron still looks rosy as the 5G era spurs accelerated memory demand over the next 5 to 10 years, starting now.	Three worth a look in the month of September are Skyworks Solutions (NASDAQ: SWKS), Applied Optoelectronics (NASDAQ: AAOI), and Micron Technology (NASDAQ: MU). Skyworks is not one of those companies. After the recent pullback, Skyworks Solutions stock trades for 24 times trailing 12-month free cash flow.
9610.0	2020-08-18 00:00:00 UTC	7 Small-Cap Stocks Ready to Rocket Up the Charts	AAOI	https://www.nasdaq.com/articles/7-small-cap-stocks-ready-to-rocket-up-the-charts-2020-08-18	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips The markets have a big appetite for risky investments now, thanks to the Federal Reserve. Rates were slashed to zero and the injection of around $6 trillion sent the Nasdaq to new all-time highs. After erasing losses from March 2020, the S&P 500 has completely dissociated from the real-world risks of the novel coronavirus. The 6 Best Solar Stocks to Buy Right Now Investors should consider small-cap stocks whose prospects improved recently or are about to get better. Here are 7 small-cap stocks ready to rocket up the charts: AMC Entertainment (NASDAQ:AMC) Digital Turbine (NASDAQ:APPS) Sonos (NASDAQ:SONO) SunPower (NASDAQ:SPWR) Waitr Holdings (NASDAQ:WTRH) Applied Optoelectronics (NASDAQ:AAOI) Arlo Technologies (NASDAQ:ARLO) Investors who missed out on the sizzling hot FAANG stock profits may want to look at these small-cap stocks. One might erroneously assume that companies of this size will have trouble raising funds when needed or competing with larger-sized firms. But savvy investors who look deeper into a company’s prospects will fare well by investing in these picks. AMC Entertainment (AMC) AMC) branded theater" width="300" height="169"> Source: Helen89 / Shutterstock.com The shutdown of movie theaters crimped AMC Entertainment’s revenue in the second quarter. Ticket sales fell 98.7% to just $18.9 million as AMC lost $5.38 a share. On August 7, courts ruled that movie studios are allowed to own theatres again. Ahead of a potential takeover, AMC has re-shaped its business in many ways to position itself for the eventual recovery. The company ended the quarter with $498 million in cash. AMC refinanced its debt in June, as 87% of the senior subordinated noteholders participated in the $1.46 billion exchange. As a result, net debt fell by $555 million. To further cut costs, AMC renegotiated leases at its over 900 theater locations. Landlords agreed to 75% of its leases deferred or rent abated. By running at a capex of only $26.1 million in Q2, AMC is ensuring its near-term survival. Movie studios looking to maximize profits will want to own AMC. Direct to streaming or streaming movies 17 days after a showing in theaters have become more important revenue flows under our new socially-distanced normal. But the theater is still the biggest source of revenue. If Disney (NYSE:DIS), for example, wanted to carve out an edge over Netflix (NASDAQ:NFLX), it might buy AMC to get ahead. A potential buyer could offer as much as double what the shares trade at currently. According to simplywall.st, AMC stock has a fair value of $15.22. Digital Turbine (APPS) Source: shutterstock.com Source: shutterstock.com Digital Turbine soared after reporting quarterly earnings on August 5. It posted revenue of $59 million and a GAAP net income of $9.9 million in Q1. EBITDA more than doubled to $14.1 million. The company benefited from advertisers increasing spend on platforms that provide them with measurable results. By holding advertising suppliers accountable, customers won’t waste their limited budgets on channels that do not work. For example, Digital Turbine customers saw an increase in conversion rates. The platform benefited from increasing user engagement with applications and mobile content. Digital Turbine forecast Q2 revenue of between $59 million and $61 million. Its non-GAAP adjusted EPS will be between 11 and 12 cents. Valuations are no longer compelling on a price-to-earnings basis. Still, APPS stock has a 96/100 quality score. APPS Industry S&P 500 Quality Score 96 50 79 Gross Margin 38.70% 64.30% 28.80% Operating Margin 9.50% 1.00% 12.60% Net Margin 10.00% -3.90% 7.80% Data courtesy of StockRover The 6 Best Solar Stocks to Buy Right Now As shown above, net margins are above the industry and S&P 500 averages. Sonos (SONO) SONO) branded speaker" width="300" height="169"> Source: ClassyPictures / Shutterstock.com Ahead of its earnings report, Sonos peaked close to $18, but bullish sentiment reversed quickly after the company posted results after the market close on August 5. The speaker-maker lost 52 cents a share. It blamed the pandemic for closing retail stores, sending revenue 4% lower Y/Y to $249.3 million. Sonos forecast revenue of $290 to $305 million in its fourth quarter, above the $282 million consensus estimate. In its shareholder letter, the company highlighted record direct-to-consumer revenue. And that strong momentum will continue. Strong performance in the United States and the United Kingdom suggests that Sonos has a hot product that consumers want. New flagship soundbar Arc and the Sonos Move are higher-margin products. So the more units the company sells, the better its operating margins should get. The average analyst consensus is a “buy,” according to StockRover: SONO consensus is a ‘buy’ and 4 hold. Data courtesy of StockRover Bears are in control of SONO stock for now. Once the selling pressure ends, investors may consider re-entering a long position at a better price. SunPower (SPWR) Source: IgorGolovniov / Shutterstock.com SunPower posted adjusted losses for the second quarter as revenue fell by 27% Y/Y. The negative $8.8 million EBITDA may improve in the coming quarters. The company forecast non-GAAP gross margin of up to 6%, while EBITDA will be in the range of negative $38 million to negative $28 million. The positive cash generation in Q3 is encouraging. The firm leads with Helix solar and the storage mark. For example, the attach rate for Helix storage will be over 50% in the second half of 2020. SunPower is also simplifying its structure. It is spinning off Maxeon at a valuation of over $1 billion. SunPower itself will expand margins through Storage and Services. More importantly, it will refocus its leadership in the U.S. downstream distributed generation (DG) market. By holding SPWR stock now, investors are getting a pure-play solar power company and a global DG firm. The 6 Best Solar Stocks to Buy Right Now That being said, analysts are highly cautious about SunPower. Most analysts rate the stock as a “hold,” with an average price target of $8.39 (per Tipranks). Waitr Holdings (WTRH) WTRH) logo in a mobile app store browser." width="300" height="169"> Source: PREMIO STOCK / Shutterstock.com Thanks to Uber (NYSE:UBER) buying PostMates for $2.65 billion in an all-stock transaction, Waitr Holdings stock rose sharply. And although shares dipped following second-quarter results, investors should consider adding to a position here. Waitr reported revenue increasing modestly by 18% to $60.5 million. It earned 10 cents a share, compared to a 32 cent loss last year. Most importantly, the cash on hand of $87.3 million is despite the debt prepayment worth $10.5 million. CEO Carl Grimstad said that its pre-pandemic initiatives adapted its business to the new realities. Specifically, CEO Grimstad said: “Waitr continues to actively work with our local communities, diners, restaurant partners, drivers, and employees in joint efforts to mitigate risks and hardships arising from the ongoing COVID-19 pandemic.” After trading as low as 21 cents before the pandemic, investors are paying more than 20 times more. At the higher price, investors are betting that the firm will continue to accelerate revenue while keeping sales and marketing and operations and support expenses down. The average analyst price target is $5.70. Applied Optoelectronics (AAOI) Applied Optoelectronics appears to finally have turned the corner. The company reported revenue growth by 50.2% Y/Y to $65.2 million. Increased 5G mobile technology deployments are helping AOI grow again. AOI lost $18.6 million, or 89 cents per share, in the second quarter. That’s compared to the $11.4 million, or a 57 cents a share, loss over the same quarter last year. And since non-GAAP losses will shrink to as low as a 3 cent loss a share in the third quarter, investors may want to bet on this rebound. Seasonality suggests under-performance starting in September 2020 Data Courtesy of StockRover In the above seasonality chart, the stock is enjoying strength this summer. The stock may drop in September and October, setting up an entry point for November. On the conference call, Executive Stefan Murry said that the company saw lots of activity in China. There are tens of millions of towers that need a fronthaul transceiver. So the total addressable market is large. The 6 Best Solar Stocks to Buy Right Now If AOI is a leading supplier in China, it might win 10% to 20% of the market share. That would squeeze out shorts, who presently have a short float of 28.2% of shares. Arlo Technologies (ARLO) Source: Sharaf Maksumov / Shutterstock.com Arlo stock has traded above $2.00 since April. But shares tripled to over $6.00 after the company posted second-quarter results. It posted a revenue decrease of 20.3% Y/Y to $66.6 million, but paid accounts rose 72% sequentially (from Q1) to 43,000. Arlo has no debt and $205.5 million in cash. So the GAAP EPS loss of up to 41 cents in Q3 is not a concern. Chances are low that Arlo will sell shares to raise cash. If it does sell the stock, it will take advantage of the stock rally. The short float is only 5.9% of shares, so a short-squeeze lifting the stock further is unlikely. Investors who missed the $2.00 – $3.00 entry point may want to wait for a dip before holding Arlo stock. Conservative investors should wait for another quarter of strong results to confirm the turnaround is sustainable. Disclosure: the author owns shares of AMC Entertainment. The post 7 Small-Cap Stocks Ready to Rocket Up the Charts appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Here are 7 small-cap stocks ready to rocket up the charts: AMC Entertainment (NASDAQ:AMC) Digital Turbine (NASDAQ:APPS) Sonos (NASDAQ:SONO) SunPower (NASDAQ:SPWR) Waitr Holdings (NASDAQ:WTRH) Applied Optoelectronics (NASDAQ:AAOI) Arlo Technologies (NASDAQ:ARLO) Investors who missed out on the sizzling hot FAANG stock profits may want to look at these small-cap stocks. Applied Optoelectronics (AAOI) Applied Optoelectronics appears to finally have turned the corner. If Disney (NYSE:DIS), for example, wanted to carve out an edge over Netflix (NASDAQ:NFLX), it might buy AMC to get ahead.	Here are 7 small-cap stocks ready to rocket up the charts: AMC Entertainment (NASDAQ:AMC) Digital Turbine (NASDAQ:APPS) Sonos (NASDAQ:SONO) SunPower (NASDAQ:SPWR) Waitr Holdings (NASDAQ:WTRH) Applied Optoelectronics (NASDAQ:AAOI) Arlo Technologies (NASDAQ:ARLO) Investors who missed out on the sizzling hot FAANG stock profits may want to look at these small-cap stocks. Applied Optoelectronics (AAOI) Applied Optoelectronics appears to finally have turned the corner. Digital Turbine (APPS) Source: shutterstock.com Source: shutterstock.com Digital Turbine soared after reporting quarterly earnings on August 5.	Here are 7 small-cap stocks ready to rocket up the charts: AMC Entertainment (NASDAQ:AMC) Digital Turbine (NASDAQ:APPS) Sonos (NASDAQ:SONO) SunPower (NASDAQ:SPWR) Waitr Holdings (NASDAQ:WTRH) Applied Optoelectronics (NASDAQ:AAOI) Arlo Technologies (NASDAQ:ARLO) Investors who missed out on the sizzling hot FAANG stock profits may want to look at these small-cap stocks. Applied Optoelectronics (AAOI) Applied Optoelectronics appears to finally have turned the corner. AMC Entertainment (AMC) AMC) branded theater" width="300" height="169"> Source: Helen89 / Shutterstock.com The shutdown of movie theaters crimped AMC Entertainment’s revenue in the second quarter.	Here are 7 small-cap stocks ready to rocket up the charts: AMC Entertainment (NASDAQ:AMC) Digital Turbine (NASDAQ:APPS) Sonos (NASDAQ:SONO) SunPower (NASDAQ:SPWR) Waitr Holdings (NASDAQ:WTRH) Applied Optoelectronics (NASDAQ:AAOI) Arlo Technologies (NASDAQ:ARLO) Investors who missed out on the sizzling hot FAANG stock profits may want to look at these small-cap stocks. Applied Optoelectronics (AAOI) Applied Optoelectronics appears to finally have turned the corner. AMC Entertainment (AMC) AMC) branded theater" width="300" height="169"> Source: Helen89 / Shutterstock.com The shutdown of movie theaters crimped AMC Entertainment’s revenue in the second quarter.
9611.0	2020-08-07 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q2 2020 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q2-2020-earnings-call-transcript-2020-08-07	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q2 2020 Earnings Call Aug 7, 2020, 10:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Applied Optoelectronics' Second Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the conference over to Monica Gould, Investor Relations for Applied Optoelectronics. Please go ahead, ma'am. Monica Gould -- Investor Relations Thank you. I'm Monica Gould, Investor Relations for Applied Optoelectronics, and I'm pleased to welcome you to AOI's Second Quarter 2020 Financial Results Conference Call. After the market closed today, AOI issued a press release announcing its second quarter 2020 financial results and provided its outlook for the third quarter of 2020. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the AOI website that will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q2 results, and Stefan will provide financial details and the outlook for the third quarter of 2020. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks. And by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations, as well as statements regarding the company's outlook for the third quarter of 2020. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the risk factors section of the company's reports on file with the SEC, including the company's annual report on Form 10-K for the year ended December 31, 2019, and the company's quarterly report on Form 10-Q for the period ended March 31, 2020. Also, with the exception of revenue, all financials discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will virtually participate at the Jefferies 2020 Semiconductor, IT, Hardware and Communications Infrastructure Summit on September 2, and at the H.C. Wainwright 22nd Annual Global Investment Conference on September 15. These discussions will be webcast live, and a link to the webcast will be available on the Investor Relations section of the AOI website. We hope to have the opportunity to interact with many of you virtually. Additionally, I'd like to note that the date of our third quarter 2020earnings callis currently scheduled for November 5, 2020. Now I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, Monica, and thank you, everyone, for joining us today. First, I would like to once again thank our entire AOI team that has continued to support one another and our customers during the COVID-19 pandemic. Our condolences go out to all those around the world who have been impacted by the virus, and we send our thanks to the first responders and essential workers who continue to protect and support our communities. Turning to the quarter, AOI delivered Q2 revenue of $65.2 million, which was above our guidance of $55 million to $60 million. Q2 revenue grew 50% compared to the second quarter last year at 61% sequentially, marking the fourth quarter of year-over-year growth that AOI has recorded since the third quarter of 2017. Our performance was driven by improved demand from our new customers, increase customer diversifications and record revenue in our telecom segment led by 5G deployments in China. Non-GAAP gross margin of 23.1% was on the lower end of our expected guidance range due to product mix as well as some COVID-19-related expenses that continued into the quarter, while non-GAAP net loss of $0.24 per share was in line with our expectations. We expect that continued improvement through our cost reduction efforts and more favorable product mix will lead to improving gross margin over the next several quarters. And we anticipate revenue to be up more than 20% sequentially at the midpoint of r guidance range. We are encouraged by the increased datacenter demand from a diverse set of customers and improving 5G-related activity that began earlier this year and will continue into Q3. During the quarter, we have had design wins, including four with telecom customers which are related to 5G network deployments, mainly in China. The other four design wins were with existing customers in our datacenter segment. Additionally, we are pleased to report that we saw increased demand for our 100G products in Q2. Total revenue for 100G products increased almost 350% from the same period last year, marking the second quarter in a row of year-over-year growth in 100G sales. During the second quarter, we saw significant improvement in our telecom and cable sectors. Revenue in our telecom segment more than doubled sequentially and outpaced our CATV business. Driven by increased 5G activity, our cable segment improved sequentially as we began to see increased order flow for product-related to CATV upgrades in North America. We are pleased to be project we received our fourth significant orders for CATV products related to MSO upgrades in Q2, which will begin to ship in Q3. As we stated in our previous earnings calls, we have taken various actions to ensure the safety and well-being of our employees who all continue to support our customer needs and the needs of the communities in which we operate. Our offices and factories around the world are back to normal operation due to our strict adherence to health and safety recommendations. Looking ahead, we'll continue to digitally enforce these health precautions to protect the welfare of our employees and our communities. With that, I will turn the call over to Stefan to review the details of our Q2 performance and outlook for Q3. Stefan? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. As you may recall, we had disruptions in operations in our China factory during Q1. However, as Thompson mentioned, due to the hard work and dedication of our employees and supply chain partners, we are back to normal operations and have increased capacity in both our wafer fab in Sugar Land as well as our factories in China and Taiwan compared to our capacity pre-COVID. We continue to see high demand from our datacenter customers who remain focused on improving network performance in light of the increased traffic related to the shift toward working from home. We also received our first orders from CATV customers that we believe are related to network upgrades by MSOs also responding to stresses on their networks. Looking ahead to Q3. We are expecting over 20% sequential growth at the midpoint of our guidance range and a continued improvement in our gross margin. Turning to our quarterly performance. Total revenue for the second quarter was $65.2 million, which was above our guidance range. Our datacenter revenue rose 58% sequentially and 65% year-over-year to $52.6 million and accounted for 81% of our total revenue. This was our highest datacenter revenue quarter in two years. In the second quarter, 33% of our datacenter revenue was from our 40G transceiver products, and 64% was from our 100G products. As Thompson noted, this marks the second quarter in a row of year-over-year growth in our 100G transceivers. Importantly, we continued to see increased data center demand during Q2 from a diverse set of customers. Overall, for the quarter, our top 10 customers represented 86.9% of revenue which is down from 90.9% in Q2 of last year. We had three 10% or greater customers in the quarter, all of which were in the datacenter segment. These customers contributed 35% and 15% and 12% of total revenue, respectively. One of these data center customers was a new 10% customer for AOI, where we have been gaining share. This new customer is a U.S.-based hyperscale cloud operator that has primarily been purchasing our 100G transceivers. We also have seen increasing revenue from a large U.S.-based switch router vendor who approached the 10% revenue mark this quarter. Rounding out our top five customers was a data center customer in China. Looking at our customer base as a whole, in addition to the 10% or greater customers, we had three other customers who each contributed between 5% and 10% of total revenue. To put this in some context, in Q2 of last year, we had only two 10% or greater customers and one customer between 5% and 10%. Now we have six customers each over 5%, and we are pleased to see that our efforts in diversifying our customer base continue to show tangible results and that many of these new customers are contributing meaningfully to our results. In addition to the market diversity, our top 10 customers are also geographically diverse. Out of our 5% or greater customers in Q2, all but one were U.S.-based multinationals, and the remaining one was a China-based switch router vendor primarily serving the data center market. Looking at our top 10 customers in Q2, seven were U.S.-based multinational corporations, two were based in China and one in Europe. Turning to our cable television product segment. We were able to resume manufacturing at a normal capacity during the quarter and recorded a sequential revenue increase of 45% to $6.1 million or 9% of total revenue. However, CATV revenue remains below the $9.8 million we recorded in Q2 of last year. The sequential increase was driven by an increased order flow in North America for cable TV upgrades. As I noted earlier, we saw our first significant orders for CATV upgrades driven by the shift to working from home this quarter, which we will recognize as revenue in Q3. For the remainder of the year, we expect to ramp up production to meet order demand. Revenue from our telecom products rose to a record $6.2 million and accounted for 10% of total revenue, reflecting an increase of 141% from the first quarter and 279% from Q2 of last year. These results continue to be driven by increased 5G demand in China. Based on current order trends, we expect to see continued strong sequential growth in CATV and telecom revenue in Q3. In Q2, we generated non-GAAP gross margin of 23.1% compared to 27.2% in Q2 of the prior year. Gross margin was at the low end of our guidance range of 23% to 25% due to unfavorable product mix, mostly in our data center segment, along with increased costs, including manufacturing and shipping costs related to COVID. We expect gross margins to recover to pre-COVID levels as we implement cost reductions that were delayed by the pandemic. We also expect to see improvements in our product mix that we anticipate will improve our gross margin. Total non-GAAP operating expenses in the second quarter were $20.6 million or 31.6% of revenue compared with $19.5 million or 44.9% of revenue in the same quarter last year. Operating expenses increased from last year due mainly to increased shipping costs, sales commissions and insurance costs. Non-GAAP operating loss in the second quarter was $5.6 million compared to an operating loss of $7.7 million in Q2 of last year. GAAP net loss for Q2 was $18.6 million or a loss of $0.89 per basic share compared with a GAAP net loss of $11.4 million or $0.57 per basic share in Q2 of last year. On a non-GAAP basis, net loss for Q2 was $5 million or a loss of $0.24 per basic share, which was in line with our guidance range of a loss of $4.10 to $5.7 million or a loss of $0.20 to $0.28 per basic share, and compares to a net loss of $5.2 million or a loss of $0.26 per basic share in Q2 of last year. The basic shares outstanding used for computing the net loss in Q2 were $20.9 million. Turning now to the balance sheet. We ended the second quarter with $58.9 million in total cash, cash equivalents, short-term investments and restricted cash. This compares with $62.5 million at the end of the first quarter and reflects $15.5 million in cash used for operations. As of June 30, we had $97.3 million in inventory compared to $87.1 million in Q1. The increase was driven by additional raw materials purchased for production orders on hand and forecasted orders. We made a total of $5.8 million in capital investments in the quarter, including $5 million in production equipment and machinery, and an immaterial amount on construction and building improvements. This is lower than we had anticipated, primarily due to a COVID-related pause in construction on our new China factory. Note that we expect to resume spending on our new facility in China in Q3, and we anticipate this to be reflected in increased spending on construction and building improvements. Including this resumption in building expenditures and other equipment necessary to increase our production capacity, we expect total 2020 capital expenditures to be approximately $42 million. Although I would caution, as in years past, that this number is likely to be reevaluated as our plans continue to evolve. Before we turn to our outlook, I would like to provide an update on the aftermarket offering we announced in February. To date, we have raised $22 million in gross proceeds under this program, including $7.7 million raised in July, which will be reflected in our Q3 financial statements. We intend to use these proceeds to continue to make investments in the business, including new equipment and machinery for production and research and development use. Moving now to our Q3 outlook. We expect Q3 revenue to be between $76 million and $83 million and non-GAAP gross margin to be in the range of 25% to 26.5%. Non-GAAP net loss is expected to be in the range of $4.6 million to $0.6 million, and non-GAAP loss per basic share between $0.20 and $0.03 using a weighted average basic share count of approximately 23.4 million shares. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator [Operator Instructions] And the first question will come from Alex Henderson with Needham & Company. Please go ahead. Alex Henderson -- Needham & Company -- Analyst Thank you very much, I appreciate that. I actually have two questions. The first one, the new hyperscale customer, there was a other supplier into that customer, if I believe, which was Inolight and I heard that there are some supply chain disruptions. Do you think that, that's part of the reason that you got in? Or do you think that you would have been in regardless of what the competitor supply availability looks like? And does that have any impact on the way you're thinking about the outlook? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I can't say that there's anything specific about any of our competitors that would have impacted this customer's decision. I mean it's a customer that we've been working with for some time to gain some traction there. And I think they've appreciated our ability to supply, and obviously the complete profile that we bring to the table with cost and quality and delivery advantages. So I think it was much more about us than about some competitors losing traction there. Alex Henderson -- Needham & Company -- Analyst Glad to hear that. The second question I wanted to delve into the telco piece. I mean it seems pretty clear that what's driving this is the chipsets going into CPRI and front haul for 5G that is a huge potential build over time, not just in China but globally. And I'm assuming that these are chipsets that are selling in there. Can you give us some sense of what the rate of chips that are going into that market looks like? How many are diodes? How many or EMLS? And to what extent you see that ramping from here? And any sense of what the TAM is for that market over the next three, four, five years as that 5G footprint gets billed out? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes. So there's a few questions embedded in there. As far as the ratio or the precise types of lasers, I don't have a breakdown on that. I mean it's a combination of DFP lasers that we're selling, some EMLs and but very small and some transceivers. The precise breakdown I don't have available now. As far as the TAM there, it really remains to be seen. I think in China alone, which is where we're seeing the most activity right now. They're talking about tens of millions of towers which would be several many tens of millions of radios, each of which would require a front-haul transceiver. So you can kind of get an appreciation that the size of that market is really large. Our anticipation is not that AOI is going to be a majority player or anything like that in that market, but I think that it's very reasonable for us to expect to get 10%, 20% of that market and hopefully expand over time, and as the opportunities in the rest of the world outside of China begin to materialize to continue to grow that market share. Alex Henderson -- Needham & Company -- Analyst If I could just squeeze one last question on that same subject. The impact of this on the utilization rate in your fab, I think is going to be pretty significant. Do you expect to see a couple of points of margin expansion as these volumes ramp relative to the other transceiver business because of the overhead allocation associated with that? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes. I mean, I won't comment on the exact magnitude that we expect to see. We have given guidance, of course, that indicates continued improvement in our gross margin. We mentioned that in our prepared remarks as well. You saw the improvement from Q1 to Q2 already. And that's due to a number of factors, but certainly cost reduction overall coming from higher fab utilization is a big part of that. And we would expect that to continue as long as the growth in that chip market continues. Alex Henderson -- Needham & Company -- Analyst Thanks for the answers. And thanks for the great quarter. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer My pleasure. Thank you. Operator The next question will come from Simon Leopold with Raymond James. Please go ahead. Simon Leopold -- Raymond James -- Analyst Great, thank you guys for taking the question. First, just a very quick easy clarification. The percent of Datacom that was 100 gig. Did you say 54% or 64%? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I'm sorry, you cut out there just a little bit. I think you're asking about the data center revenue that was 100 gig? And if so, that's 64%, 6-4. Simon Leopold -- Raymond James -- Analyst Great. Sorry about that. I'm a little bit internet and power disadvantaged. So I'll try to speak up and be quick. I wonder if you could maybe bridge the gross margin. It was a little light this quarter on very good revenue. And similarly, like in the guidance, I'm just wondering if you could explain how much of the pressure is COVID expenses? How much maybe is mix if the telecom products are dilutive to the gross margin? Just help us understand those factors? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Sure, Simon. Some of it is COVID, but not a lot. I think the main factor is well, really two things. It's product mix related and it's cost reduction related. Those are in other words, those are the two things that we have two levers that we can pull from here on to try to continue to see improved gross margin. As I mentioned in the previous question or answer to the previous question, the fab utilization helps in terms of improving our cost structure. But just like other ways of reducing the cost over time, it does take time for those to flow through because we have a significant amount of inventory and their cycle time associated with it. So the improvements that we expect to see we believe are real and they're coming, but it takes some time for them to actually materialize in the financial statements. Simon Leopold -- Raymond James -- Analyst Great. And then just one last one, if I might. The new datacenter 10% customer which is really good news. Is this something you see as sustainable or basically as far as you can forecast? Or was there something onetime about this quarter? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No. I mean this customer has actually been growing with us for some time slowly, and they just made it into that 10% category this quarter. But I would not expect that to be a flash in the pan type of thing. I think we've done a good job with this customer. The telecom seem like us as a supplier. And barring any unforeseen circumstances, I don't see any reason why they wouldn't continue to purchase from us. Simon Leopold -- Raymond James -- Analyst Great, thank you for taking the questions. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer My pleasure. Operator The next question will come from Paul Silverstein with Cowen. Please go ahead. Paul Silverstein -- Cowen -- Analyst Thanks for taking the questions. Hopefully, this is different than what Alex and Simon asked you. But on the gross margin front, Stefan, do you have visibility to getting back to 30-plus percent? And if you do, can you give us a sense for when that is? I appreciate that it takes time to flow through for your previous responses, but any visibility right now? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I mean, I think our goal is still good to get back to the 30-plus percent range. I could see us getting into the upper 20% range by the end of the year. Whether we could hit 30% in that time frame. I mean, I suppose there are some scenarios where that could happen, but that's probably not as likely. But I think we're talking about a matter of quarters, not years, for us to get back to that 30% level. Paul Silverstein -- Cowen -- Analyst And I trust the competitive dynamics are not meaningfully different today than they were previously, either better or worse? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No. I mean we haven't seen any real changes in the competitive dynamic. Paul Silverstein -- Cowen -- Analyst All right. And one other question on margins. From a pricing perspective, I know they reset once to twice per year depending on the customer. I assume that's still true. But in terms of those resets, any insight you can provide in terms of what it's looking like? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Nothing specific. Obviously, we don't give that type of guidance typically. I can't say that we are seeing pretty strong demand right now. And in past situations where we've seen that kind of strong demand, typically, that provides a little more pricing leverage on the suppliers as opposed to the customers. But again, that's just an observation from prior periods. I can't really speculate about the pricing resets that we might see in the future. Paul Silverstein -- Cowen -- Analyst Understood. One last quick question. I assume my definition, when we're talking about the China 5G opportunity, we're talking about three, maybe four, systems customers that you do or can sell into to access that opportunity in terms of Huawei, ZTE, fiber home and perhaps what was that, Alcatel Shanghai Bell Nokia. Does that go without saying? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes. Just I think that's correct in terms of the end customers. Just to be clear, many of our customers, we do sell directly into some of those customers, but many of the customers are Chinese-based transceiver manufacturers that then supply those transceivers. So we would supply laser dots, for example, into those transceiver manufacturers, they would manufacture the transceivers and then sell them to the end customer. So much of our business is likely not to be directly with those big guys. But I would assume, based on my knowledge of the market there, that your list of end customers is accurate. Paul Silverstein -- Cowen -- Analyst Got it. And did you say how many of those transceiver customers you're selling into? Can you share that with us? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer There's a lot of them. There's probably more than a dozen. Paul Silverstein -- Cowen -- Analyst That's a it. I'll pass it on. Thank you. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No problem. Operator Our next question will come from Samik Chatterjee with JPMorgan. Please go ahead. Bharat Daryani -- JPMorgan -- Analyst Yeah, hi, thanks for taking my question. This is Bharat on for Samik. So if I could just start with the datacenter segment. And I think it was just, I think, a couple of quarters ago you highlighted 400-gig. So just wanted to understand what you're seeing there. I mean have you started shipping to that customer already? Have you started to that? And any update on probably when revenue can come from that. So can you think about what are the milestones there? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Samik, I'm sorry to say that your line is very difficult to understand. So I missed that question. Can you try to repeat it? Bharat Daryani -- JPMorgan -- Analyst Yes. No, so this is Bharat for Samik. So if I could just start on the datacenter segment and 400-gig specifically. So I think it was a couple of quarters ago that you highlighted a design win there with a named customer. So I just wanted to get a sense, have you started to ship to that customer already? And any update on when new recognition can come from that. So what are some of the milestones there that we can track? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Okay. So the question was regarding 400G. We haven't shipped significant quantities to that customer or any other customer or 400G yet. My sense is that the 400G because of COVID, I think some of the 400G qualification efforts are taking longer than expected. And I don't think that's anything unique to AOI. I think the information that we have is that a lot of particularly the hyperscale customers, many of them are working from home, just like many of us, and that complicates qualification efforts because you've got engineers that can't come to the lab or they're otherwise constrained in their ability to complete those qualification efforts. So my sense is that, that 400G revenue is probably pushed out a little bit. But that's not necessarily a bad thing for us either. I mean if you look at our results this quarter, we're seeing very strong uptick in 100G revenue. And I would expect that to continue to be there until such time as 400G is ready. Bharat Daryani -- JPMorgan -- Analyst Got it. And if I could just ask a follow-up on the telecom end market. I mean can you help us think about what's the run rate revenue you're expecting from that business as we look into the second half? And the reason I ask that is how should we think about like the sustainability of demand of 5G from China? Because as some of the equipment peers have called out that there's a high inventory position across OEM. In fact, that they're back from purchasing in the region in the second half. So I just wanted to understand what the drivers are there as you look into the second half. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes. We don't give breakdown by segment on a forward-looking basis. But I imagine this will be just like any other nascent market, right? There'll probably be some ups and downs as we go forward. But I think the on a quarter-by-quarter basis, you may see some variability there. But I think the overall trend toward increased volumes with this 5G deployment is happening, I think, is pretty clear. Bharat Daryani -- JPMorgan -- Analyst Okay, got it. Thank you for taking my questions. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer My pleasure. Operator The next question will come from Dave Kang with B. Riley. Please go ahead. Dave Kang -- B. Riley -- Analyst Thanks for taking the questions. I was wondering if you guys could provide more color around new customer wins. Are there any 400G customers that you guys have in the pipeline? Or is that that's pushed out still, kind of how you guys are trending? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, as I mentioned before, I think a lot of the 400G qualification efforts are getting pushed out. We did not have any 400G wins this quarter. But I also to be clear, we didn't have any notifications that we are no longer under consideration for 400 G. In other words, we're kind of at the status quo, that is, I think that the qualification efforts have just gotten pushed out and slowed down a little bit with our customers. And that's true for us as well as for any of our competitors. And so and as I said earlier, I think our business is in 100-gig is growing very nicely. And so the 400G delay isn't necessarily a bad thing for us. It gives us some time to work on the cost and manufacturability of those devices. And that can only be a good thing for us when the time comes. Dave Kang -- B. Riley -- Analyst Okay, thank you. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer My pleasure. Operator [Operator Instructions] Our next question will come from Fahad Najam with Cowen. Please go ahead. Fahad Najam -- Cowen -- Analyst Hi, Stephan, Tom. Thank you for taking my question. much of my questions have already been answered, but I'll ask you a question in terms of any trends you're seeing among your largest hyperscale U.S.-based hyperscale customers of a need to push or pull the supply chain out of China into outside of China, maybe in the U.S., especially given the fact that Microsoft and Amazon, two of your customers, have or have been vying for this significant U.S. government DoD contract. Are you seeing a request or pull-in from your customers to move some of your supply chain out of China? Can you provide some color there? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, sure. As we've noted for the last few quarters, we've been producing more and more of our products in Taiwan as opposed to China. And the customers are certainly aware of and supportive of that. I think right now, the focus has largely been due to the tariff situation, not because they necessarily have a mandate to move out of China. As the political situation with China continues to evolve, obviously, that could become more of a factor. But for now, I think it's mainly just the cost reason why they want us to produce more in Taiwan. But it's certainly been a factor of conversation with the customers, yes. Fahad Najam -- Cowen -- Analyst Can you share with us today how much of your production is outside of China now versus before the tariff situation? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer It's a really difficult question to answer, Fahad, because what we've been doing is we've been moving certain parts of the manufacturing from China to Taiwan, and we've been doing other earlier parts of the manufacturing process in China. So it's not like we've completely moved production from China to Taiwan. It's been more of a reassignment of manufacturing activities between the two plants. Fahad Najam -- Cowen -- Analyst So related to previous question around gross margin, do you think moving your production or if you settle on to a more settled routine and supply chain payout out of Taiwan, do you think that, that would help your gross margin cost structure going forward? Is that what you were alluding to when you said your cost structure kind of depend on it? Is that driven by the fact that you're still transitioning a lot of your production out of China into Taiwan, and that's driving up some incremental costs over the near term? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer There's some incremental costs in there, but I actually think, look, the labor cost, for example, in Taiwan is more expensive than China. So on balance, once we hit a steady state here, the gross margin if we can't do significant cost reduction like we have been doing, then the gross margin would tend to trend down because of that. The reason why we think it's going to go up is, again, product mix and very attention very good attention that we're paying to cost of production and the ability to continue to improve our manufacturing, improve our supply chain to get that cost to come down. And that's a big part of what we're expecting in order to see the gross margins get back to that upper 20% and then, ultimately, 30% range. Fahad Najam -- Cowen -- Analyst Got it. Appreciate the answers. I will step back in the queue. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Okay. Operator [Operator Instructions] This concludes our question-and-answer session. I would like to turn the conference back over to Thompson Lin, Chief Executive Officer, for any closing remarks. Please go ahead. Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Okay. Thank you for joining us today. As always, thank you to our investors, customers and employees for your continued support, and we look forward to virtually seeing many of you at our upcoming investor conferences. [Operator Closing Remarks] Duration: 38 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Alex Henderson -- Needham & Company -- Analyst Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen -- Analyst Bharat Daryani -- JPMorgan -- Analyst Dave Kang -- B. Riley -- Analyst Fahad Najam -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q2 2020 Earnings Call Aug 7, 2020, 10:30 p.m. [Operator Closing Remarks] Duration: 38 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Alex Henderson -- Needham & Company -- Analyst Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen -- Analyst Bharat Daryani -- JPMorgan -- Analyst Dave Kang -- B. Riley -- Analyst Fahad Najam -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. We continue to see high demand from our datacenter customers who remain focused on improving network performance in light of the increased traffic related to the shift toward working from home.	[Operator Closing Remarks] Duration: 38 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Alex Henderson -- Needham & Company -- Analyst Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen -- Analyst Bharat Daryani -- JPMorgan -- Analyst Dave Kang -- B. Riley -- Analyst Fahad Najam -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q2 2020 Earnings Call Aug 7, 2020, 10:30 p.m. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.	[Operator Closing Remarks] Duration: 38 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Alex Henderson -- Needham & Company -- Analyst Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen -- Analyst Bharat Daryani -- JPMorgan -- Analyst Dave Kang -- B. Riley -- Analyst Fahad Najam -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q2 2020 Earnings Call Aug 7, 2020, 10:30 p.m. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I can't say that there's anything specific about any of our competitors that would have impacted this customer's decision.	[Operator Closing Remarks] Duration: 38 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Alex Henderson -- Needham & Company -- Analyst Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen -- Analyst Bharat Daryani -- JPMorgan -- Analyst Dave Kang -- B. Riley -- Analyst Fahad Najam -- Cowen -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q2 2020 Earnings Call Aug 7, 2020, 10:30 p.m. In the second quarter, 33% of our datacenter revenue was from our 40G transceiver products, and 64% was from our 100G products.
9612.0	2020-08-07 00:00:00 UTC	Why Shares of Applied Optoelectronics Jumped Today	AAOI	https://www.nasdaq.com/articles/why-shares-of-applied-optoelectronics-jumped-today-2020-08-07	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) rose on Friday after the fiber-optic networking provider reported its second-quarter results. Soaring revenue easily topped analysts' expectations, and the company reported a smaller-than-expected net loss. The stock was up by about 11.2% at 11:52 a.m. EDT. So what For the period, Applied Optoelectronics reported revenue of $65.2 million, up 50.2% year over year, and about $7.9 million higher than the average analyst estimate. Demand from its data center customers was strong, and revenue in the telecom segment was driven to record levels by the construction of 5G networks. Image source: Getty Images. Data center revenue rose 65% year over year to $52.5 million, accounting for the bulk of the company's sales. The telecom business generated just $6.2 million of revenue, but that was up approximately 280% from the prior-year period. Non-GAAP (adjusted) earnings per share came in at a loss of $0.24, slightly better than the $0.26 loss the company delivered in the prior-year period, and $0.01 better than analysts' expectations. The company lost $0.89 per share on a GAAP basis, a far worse result than the $0.57 per share loss it booked in Q2 2019. Now what For the third quarter, Applied Optoelectronics expects to report revenue in the $76 million to $83 million range, and a non-GAAP net loss per share of $0.03 to $0.20. "Looking ahead, we expect this momentum to continue into the third quarter driven by similar trends in increased demand from both our data center and telecom end markets," said CEO Thompson Lin. Including Friday morning's rally, shares of Applied Optoelectronics are up by about 40% year to date. The tech stock has more than tripled from its 52-week low, which was reached during the depths of the pandemic-driven sell-off in March. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of August 1, 2020 Timothy Green has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) rose on Friday after the fiber-optic networking provider reported its second-quarter results. Demand from its data center customers was strong, and revenue in the telecom segment was driven to record levels by the construction of 5G networks. "Looking ahead, we expect this momentum to continue into the third quarter driven by similar trends in increased demand from both our data center and telecom end markets," said CEO Thompson Lin.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) rose on Friday after the fiber-optic networking provider reported its second-quarter results. So what For the period, Applied Optoelectronics reported revenue of $65.2 million, up 50.2% year over year, and about $7.9 million higher than the average analyst estimate. Data center revenue rose 65% year over year to $52.5 million, accounting for the bulk of the company's sales.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) rose on Friday after the fiber-optic networking provider reported its second-quarter results. So what For the period, Applied Optoelectronics reported revenue of $65.2 million, up 50.2% year over year, and about $7.9 million higher than the average analyst estimate. Now what For the third quarter, Applied Optoelectronics expects to report revenue in the $76 million to $83 million range, and a non-GAAP net loss per share of $0.03 to $0.20.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) rose on Friday after the fiber-optic networking provider reported its second-quarter results. Now what For the third quarter, Applied Optoelectronics expects to report revenue in the $76 million to $83 million range, and a non-GAAP net loss per share of $0.03 to $0.20. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.
9613.0	2020-08-03 00:00:00 UTC	Why Applied Optoelectronics Shares Jumped Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-shares-jumped-today-2020-08-03	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) surged as much as 17.9% higher on Monday thanks to a mildly bullish research report from analyst firm Rosenblatt. So what Rosenblatt analyst Jun Zhang maintained his neutral rating on Applied Opto, but raised his price target on the stock from $10 to $14 per share. The vertically integrated maker of fiber-optic networking products from laser components to turnkey networking systems will report second-quarter results on Thursday. Zhang rebalanced his estimates for this report, raising his revenue target thanks to Applied Opto's prominent position in the solid market for hyperscale data center networking but lowering his earnings estimate due to margin pressure on high-end optical networking modules. Image source: Getty Images. Now what Zhang also noted that Applied Opto's shares had gained 25% in the last two weeks, making him uncomfortable with a price target that was starting to look downright bearish by comparison. The stock has now posted market-beating gains of 20% year-to-date and 43% over the last 52 weeks. The COVID-19 pandemic disrupted the company's supply chain but also boosted the value of high-speed networking across many different industries. Thursday's earnings report will either support or undermine these impressive gains, depending on where Applied Opto's chips actually fell in the second quarter. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) surged as much as 17.9% higher on Monday thanks to a mildly bullish research report from analyst firm Rosenblatt. So what Rosenblatt analyst Jun Zhang maintained his neutral rating on Applied Opto, but raised his price target on the stock from $10 to $14 per share. Now what Zhang also noted that Applied Opto's shares had gained 25% in the last two weeks, making him uncomfortable with a price target that was starting to look downright bearish by comparison.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) surged as much as 17.9% higher on Monday thanks to a mildly bullish research report from analyst firm Rosenblatt. So what Rosenblatt analyst Jun Zhang maintained his neutral rating on Applied Opto, but raised his price target on the stock from $10 to $14 per share. Zhang rebalanced his estimates for this report, raising his revenue target thanks to Applied Opto's prominent position in the solid market for hyperscale data center networking but lowering his earnings estimate due to margin pressure on high-end optical networking modules.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) surged as much as 17.9% higher on Monday thanks to a mildly bullish research report from analyst firm Rosenblatt. Zhang rebalanced his estimates for this report, raising his revenue target thanks to Applied Opto's prominent position in the solid market for hyperscale data center networking but lowering his earnings estimate due to margin pressure on high-end optical networking modules. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) surged as much as 17.9% higher on Monday thanks to a mildly bullish research report from analyst firm Rosenblatt. So what Rosenblatt analyst Jun Zhang maintained his neutral rating on Applied Opto, but raised his price target on the stock from $10 to $14 per share. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9614.0	2020-07-21 00:00:00 UTC	Noteworthy Tuesday Option Activity: FE, AAOI, JPM	AAOI	https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity%3A-fe-aaoi-jpm-2020-07-21	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in FirstEnergy Corp (Symbol: FE), where a total of 31,332 contracts have traded so far, representing approximately 3.1 million underlying shares. That amounts to about 75.7% of FE's average daily trading volume over the past month of 4.1 million shares. Particularly high volume was seen for the $39 strike call option expiring August 21, 2020, with 9,246 contracts trading so far today, representing approximately 924,600 underlying shares of FE. Below is a chart showing FE's trailing twelve month trading history, with the $39 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 5,929 contracts thus far today. That number of contracts represents approximately 592,900 underlying shares, working out to a sizeable 74% of AAOI's average daily trading volume over the past month, of 800,730 shares. Particularly high volume was seen for the $15 strike call option expiring September 18, 2020, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $15 strike highlighted in orange: And JPMorgan Chase & Co (Symbol: JPM) options are showing a volume of 157,483 contracts thus far today. That number of contracts represents approximately 15.7 million underlying shares, working out to a sizeable 67.2% of JPM's average daily trading volume over the past month, of 23.4 million shares. Especially high volume was seen for the $102 strike call option expiring July 24, 2020, with 12,822 contracts trading so far today, representing approximately 1.3 million underlying shares of JPM. Below is a chart showing JPM's trailing twelve month trading history, with the $102 strike highlighted in orange: For the various different available expirations for FE options, AAOI options, or JPM options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $15 strike call option expiring September 18, 2020, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of AAOI. Below is a chart showing FE's trailing twelve month trading history, with the $39 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 5,929 contracts thus far today. That number of contracts represents approximately 592,900 underlying shares, working out to a sizeable 74% of AAOI's average daily trading volume over the past month, of 800,730 shares.	Below is a chart showing FE's trailing twelve month trading history, with the $39 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 5,929 contracts thus far today. That number of contracts represents approximately 592,900 underlying shares, working out to a sizeable 74% of AAOI's average daily trading volume over the past month, of 800,730 shares. Particularly high volume was seen for the $15 strike call option expiring September 18, 2020, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of AAOI.	Below is a chart showing FE's trailing twelve month trading history, with the $39 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 5,929 contracts thus far today. That number of contracts represents approximately 592,900 underlying shares, working out to a sizeable 74% of AAOI's average daily trading volume over the past month, of 800,730 shares. Particularly high volume was seen for the $15 strike call option expiring September 18, 2020, with 862 contracts trading so far today, representing approximately 86,200 underlying shares of AAOI.	Below is a chart showing JPM's trailing twelve month trading history, with the $102 strike highlighted in orange: For the various different available expirations for FE options, AAOI options, or JPM options, visit StockOptionsChannel.com. Below is a chart showing FE's trailing twelve month trading history, with the $39 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 5,929 contracts thus far today. That number of contracts represents approximately 592,900 underlying shares, working out to a sizeable 74% of AAOI's average daily trading volume over the past month, of 800,730 shares.
9615.0	2020-07-21 00:00:00 UTC	Why Applied Optoelectronics Stock Soared Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-stock-soared-today-2020-07-21	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared today, up by 18% as of 12:40 p.m. EDT, after getting an upgrade from Wall Street. Needham boosted its rating on the fiber-optic networking technology specialist from hold to buy while assigning a $15 price target. So what Analyst Alex Henderson acknowledges that Applied Optoelectronics has had its fair share of challenges recently but is optimistic around "several secular drivers on the horizon" for its data center, CATV broadband, and telecommunications businesses. Those trends should allow the company to return to growth and profitability, according to Henderson. Image source: Getty Images. "Improving mix, sharply ramping chip volumes, a rebound in Cable products, the ramp in 100G and new higher speed products should drive margin expansion," the analyst wrote in a research note to investors. "These conditions should enable AOI to get back to profitability, potentially by the end of the year." Now what Applied Optoelectronics intends to improve its cash flow while reducing capital expenditures this year, Henderson notes, which could allow the company to become profitable within the next six to 12 months. The $15 price target represents 25% upside from yesterday's close. The COVID-19 pandemic has impacted the company's operations in China by delaying construction of a manufacturing plant. On the lastearnings call CFO Stefan Murry said, "In light of the uncertainties surrounding the pandemic, we are still evaluating our level of capex for the year." The company is set to report second-quarter results on Thursday, Aug. 6. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared today, up by 18% as of 12:40 p.m. EDT, after getting an upgrade from Wall Street. So what Analyst Alex Henderson acknowledges that Applied Optoelectronics has had its fair share of challenges recently but is optimistic around "several secular drivers on the horizon" for its data center, CATV broadband, and telecommunications businesses. Now what Applied Optoelectronics intends to improve its cash flow while reducing capital expenditures this year, Henderson notes, which could allow the company to become profitable within the next six to 12 months.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared today, up by 18% as of 12:40 p.m. EDT, after getting an upgrade from Wall Street. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market. See the 10 stocks *Stock Advisor returns as of June 2, 2020 Evan Niu, CFA has no position in any of the stocks mentioned.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared today, up by 18% as of 12:40 p.m. EDT, after getting an upgrade from Wall Street. Now what Applied Optoelectronics intends to improve its cash flow while reducing capital expenditures this year, Henderson notes, which could allow the company to become profitable within the next six to 12 months. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) have soared today, up by 18% as of 12:40 p.m. EDT, after getting an upgrade from Wall Street. Now what Applied Optoelectronics intends to improve its cash flow while reducing capital expenditures this year, Henderson notes, which could allow the company to become profitable within the next six to 12 months. That's right -- they think these 10 stocks are even better buys.
9616.0	2020-06-30 00:00:00 UTC	Tuesday Sector Leaders: Precious Metals, Semiconductors	AAOI	https://www.nasdaq.com/articles/tuesday-sector-leaders%3A-precious-metals-semiconductors-2020-06-30	nan	nan	In trading on Tuesday, precious metals shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Sierra Metals (SMTS), up about 12.7% and shares of Turquoise Hill Resources (TRQ) up about 5.2% on the day. Also showing relative strength are semiconductors shares, up on the day by about 2.3% as a group, led by Himax Technologies (HIMX), trading higher by about 16% and Applied Optoelectronics (AAOI), trading higher by about 9.8% on Tuesday. VIDEO: Tuesday Sector Leaders: Precious Metals, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are semiconductors shares, up on the day by about 2.3% as a group, led by Himax Technologies (HIMX), trading higher by about 16% and Applied Optoelectronics (AAOI), trading higher by about 9.8% on Tuesday. In trading on Tuesday, precious metals shares were relative leaders, up on the day by about 2.5%. VIDEO: Tuesday Sector Leaders: Precious Metals, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are semiconductors shares, up on the day by about 2.3% as a group, led by Himax Technologies (HIMX), trading higher by about 16% and Applied Optoelectronics (AAOI), trading higher by about 9.8% on Tuesday. In trading on Tuesday, precious metals shares were relative leaders, up on the day by about 2.5%. VIDEO: Tuesday Sector Leaders: Precious Metals, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are semiconductors shares, up on the day by about 2.3% as a group, led by Himax Technologies (HIMX), trading higher by about 16% and Applied Optoelectronics (AAOI), trading higher by about 9.8% on Tuesday. In trading on Tuesday, precious metals shares were relative leaders, up on the day by about 2.5%. VIDEO: Tuesday Sector Leaders: Precious Metals, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Also showing relative strength are semiconductors shares, up on the day by about 2.3% as a group, led by Himax Technologies (HIMX), trading higher by about 16% and Applied Optoelectronics (AAOI), trading higher by about 9.8% on Tuesday. In trading on Tuesday, precious metals shares were relative leaders, up on the day by about 2.5%. Leading the group were shares of Sierra Metals (SMTS), up about 12.7% and shares of Turquoise Hill Resources (TRQ) up about 5.2% on the day.
9617.0	2020-05-08 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q1 2020 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q1-2020-earnings-call-transcript-2020-05-09	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2020 Earnings Call May 8, 2020, 10:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. I will be your conference operator. And at this time, I would like to welcome everyone to Applied Optoelectronics First Quarter 2020 Earnings Conference Call. [Operator Instructions] I would now like to turn the call over to Monica Gould, Investor Relations for AOI. Ms. Gould, you may begin. Monica Gould -- Investor Relations Thank you. I'm Monica Gould, Investor Relations for applied Optoelectronics, and I'm pleased to welcome you to AOI's first quarter 2020 financial results conference call. After the market closed today, AOI issued a press release announcing its first quarter 2020 financial results and provided its outlook for the second quarter of 2020. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to the recording can be found on the Investor Relations section of the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murray, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q1 results, and Stefan will provide financial details and the outlook for the second quarter of 2020. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations as well as statements regarding the company's outlook for the second quarter of 2020. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the Risk Factors section of the company's reports on file with the SEC, including the company's annual report on Form 10-K for the year ended December 31, 2019. Also, with the exception of revenue, all financials discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for the results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures, are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will virtually present at the Cowen 40th Annual Technology Media and Telecom Conference on May 29 and at the Stifel Cross Sector Insight Conference on June 10. These discussions will be webcast live and links to the webcast will be available on the Investor Relations section of the AOI website. We hope to have the opportunity to interact with many of you virtually. Additionally, I'd like to note that the date of our second quarter 2020earnings callis currently scheduled for August 6, 2020. Now I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, Monica, and thank you, everyone, for joining us today for our. First, I would thank the entire AOI team who has come together to support each other and our customers through these crises. Our thoughts go out to all those individuals around the world who are suffering from this virus and the first responders who are protecting our communities, we thank you. We have taken numerous actions to ensure the safety and well-being of our employees while continuing to support our customers' needs. Our offices around the world are generally back to normal operations, and we are adopting recommendations and safeguards in our factory to maintain optimal working conditions. These measures include requesting testing of the employees were available, mandatory use of base face mask other personal protective agreement, increase in more working and limitation on meeting a employee gathering. I am please to report that no AOI employees and so far testing positiver for the virus. However, we will continue to further enforce with new requirements for the safety of our employees and the larger society of which we are part. Turning to the quarter. AOI delivered Q1 revenue of $40.5 million, which was below our expected guidance range due primarily to shipping delays out of China and Taiwan due to COVID-19 pandemic. As a result, we have certain shipments from China and Taiwan and approximately $2.3 million delayed was associated with these shipments pushed into Q2. AOI delivered non-GAAP gross margin of 19.5% and a non-GAAP net loss of $0.44 per share, which was below our expected guidance range, due to increased expense during the quarter associated with the coronavirus. As we discussed, on our Q4earnings call in order to reduce the impact of the shutdown challenge on our customers with measures to increase production and our factory in Taiwan and in the U.S., which resulted in higher costs during Q1 than we are initially expecting. Given the regulatory changing environment due this pandemic will remain significant uncertainty, but we currently believe that most of the impact to operations from the COVID-19 crisis will be fared due in Q1 and early Q2. And our entire team has worked digitally to go back on track. We expect our Q2 result to improve and revenue of almost 45% specially at the midpoint of our guidance range. We are encouraged by increased data center demand from a diverse set of customers and improving 5G-related activities in China that began in the fourth quarter and is continuing into Q2. During the quarter, we had an all-time breaker of 12 -- weeks. This increases the previous record of 11 weeks in Q3 of last year up and from total of nine weeks in the prior quarter. This design win achievement is all the more notable due to the -- loading conditions during the quarter, and the work began to experience the pandemic. Additional, we are pleased to report that we saw increased demand for our 100G products. In Q1, total revenue for 100G products increased 8% from the same period a year, marking, the first quarter of year-over-year growth in 100G sales since Q4 of 2018. During the first quarter, we prioritized balance and achievement due to the fill out of customer demand after returning from the shutdown in China. This reduced our CATV revenue given the -- in Q1. However, we continue to believe that the CATV segment will improve over the course of the year. And we have already seen improving forecast from some CATV companies. We also finalized a new relationship with ATX Networks during the quarter, which is the catalyst for growth in the CATV segment later in the year. With that, I will turn the call over to Stefan to review the details of our Q1 performance in our you do Stefan. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. I'd first like to address the COVID-19 crisis and how AOI has proactively responded and adapted to the current environment. Given our presence in China, we had early indications of the possible impact of the virus globally and took action to protect our workforce earlier than many companies in the U.S. We have adopted recommendations from the CDC and safeguards in our factories and offices to maintain safe working conditions for our employees and keep our manufacturing capabilities on track. While we had significant disruptions in operations in our China factory during Q1, we believe we are largely back to normal operating capacity. The coronavirus has led to a significant rise in the number of employees working from home, which we believe has resulted in increased demand from our data center customers as they work to meet the heightened network capacity needs. Our team has been working tirelessly to support our customers through this crisis. Looking ahead to Q2, we are expecting nearly 45% sequential revenue growth at the midpoint of our guidance range and an improvement in our gross margins to the low to mid-20% range. Turning to our quarterly performance. Total revenue for the first quarter was $40.5 million, which was below our guidance range. Our Q1 financial performance was impacted by the shutdown of our China factory during the coronavirus prices there, unanticipated shipping delays out of China and Taiwan due to the COVID-19 pandemic and higher costs as a result of shifting manufacturing to higher cost locations in the U.S. and Taiwan. Additionally, certain cost reductions we had planned for Q1 were pushed out due to a pandemic related work slowdown in China. We had approximately $2.3 million in revenue associated with delayed shipments from China and Taiwan, pushed into Q2. Shipping times have improved somewhat, but are still longer than normal, and shipping costs out of Asia also remained elevated relative to our prior expectations. Our data center revenue came in at $33.3 million compared with $38.5 million in Q1 of last year. In the first quarter, 31% of our data center revenue was from our 40G transceiver products and 60% was from our 100G products. As Thompson noted, this makes Q1 2020 the first quarter of year-over-year growth in our 100G business since the end of 2018. Importantly, we saw increased data center demand during Q1 from a diverse set of customers. Overall, for the quarter, our top 10 customers represented 84.8% of revenue, which is down from 92.1% in Q1 of last year and also a decreased sequentially from 87.5% last quarter. We are pleased to see that our efforts in diversifying our customer base continue to show tangible results in terms of reduced customer concentration. Turning to our cable television product segment. Revenue from CATV products was $4.2 million compared to $12 million in Q1 of last year, primarily driven by continued weakness among MSOs, particularly in North America. However, our production capacity for CATV products was also negatively impacted by the coronavirus. Since the majority of our CATV production occurs in China. We expect CATV to be stronger in the second half of the year than the first half as several MSOs are in the process of contemplating we're making plans to begin upgrades later this year. We believe that AOI remains well positioned as these new technologies roll out, given our strong product portfolio in this segment. Our recent announcement of the collaboration with ATX Networks is also expected to bolster our sales in this segment, as APX is working with its MSO customers to qualify our one two gigahertz amplifier products as a replacement for legacy one gigahertz products. Revenue from our telecom products was $2.6 million compared to $1.7 million in Q1 of last year, primarily driven by increased sales of newer products, such as those designed for 5G network deployments. Specifically, during the first quarter, we saw increased 5G demand in China as carriers there recover from the virus lockdown and continue to upgrade their mobile networks. For the quarter, 82% of our revenue was from data center products, 10% from CATV products, with the remaining 8% from FTTH, telecom and other. In the first quarter, we had two 10% or greater customers, both in the data center market, that contributed 43% and 18% of total revenue, respectively. In Q1, we generated a gross margin of 19.5% compared to 25.5% in Q1 of the prior year. Gross margin was below our guidance range of 23% to 25% and due to increased expenses during the quarter associated with the coronavirus. In addition, as I mentioned earlier, planned cost reductions for Q1 were pushed out due to work disruptions in China related to the shutdown there. We will be rolling these cost reductions out over the next several quarters, and we expect to see incremental improvement in gross margin as a result. Total operating expenses in the first quarter were $19.4 million, or 48% of revenue compared with $20.3 million or 38.4% of revenue in the same quarter of last year. Operating expenses declined from last year due mainly to tighter control of R&D and G&A expenses. R&D in China was also reduced during the shutdown there as consumption of R&D supplies and parts was reduced when activity there ceased. Operating loss in the first quarter was $11.5 million compared to an operating loss of $6.8 million in Q1 of last year. GAAP net loss for Q1 was $16.8 million or a loss of $0.83 per basic share compared with GAAP net loss of $10.5 million or $0.53 per basic share in Q1 of last year. On a non-GAAP basis, net loss after tax for Q1 was $8.8 million, or a loss of $0.44 per basic share, which was below our guidance range of a loss of $6.8 to $8.3 million or a loss of $0.34 to $0.41 per basic share, and compares to a net loss of $5.4 million or a loss of $0.27 per basic share in Q1 of last year. The basic shares outstanding used for computing the net loss in Q1 were $20.2 million. Turning now to the balance sheet. We ended the first quarter with $62.5 million in total cash, cash equivalents, short-term investments and restricted cash. This compares with $67 million at the end of 2019 and reflects $8.2 million in cash used for operations. In addition to the cash on hand, we had $28.8 million in unused borrowing capacity at the end of Q1. As of March 31, we had $87.1 million in inventory compared to $85 million in Q4. The increase in inventory was mainly driven by finished goods that were not received in the quarter, along with some increase in work in process as production ramped up after the China shutdown. We made a total of $2.8 million in capital investments in the quarter, including $1.8 million in production equipment and machinery and $0.7 million on construction and building improvements. Most of these expenditures were committed to prior to the COVID crisis. And in light of the uncertainties surrounding the pandemic, we are still evaluating our level of capex for the year. Moving now to our Q2 outlook. We expect Q2 revenue to be between $55 million and $60 million, and non-GAAP gross margin to be in the range of 23% to 25%. Non-GAAP net loss is expected to be in the range of $4.1 million to $5.7 million, and non-GAAP loss per basic share between $0.20 and $0.28, using a weighted average basic share count of approximately 20.4 million shares. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator [Operator Instructions] Our first question today will come from Simon Leopold of Raymond James. Please go ahead. Simon Leopold -- Raymond James -- Analyst Great, thanks for taking the question. So first, I wanted to see if we could talk a little bit about the big picture, data center trends. Obviously, we've all sort of heard all the headlines about traffic growth. And I understand you're not necessarily going to be able to guide for the full year. But just maybe if you could update us on your thinking about how to trend this particular vertical longer-term and beyond just the second quarter, maybe some of the puts and takes you're seeing? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Sure, Simon. Well, as we noted in our prepared remarks, I think given all the uncertainties at this time surrounding the virus and the progression and what have you. It's really difficult to put a precise any kind of precise guide on that. I do think, in general, we're hearing from our customers that their networks are under pressure from the remote work and what have you. And that they need, in many cases, to address capacity constraints on their networks and and I would expect that, that will result in some incremental improvement to the business. But again, we guide one quarter out and especially in times of uncertainty like this, it's really if to give you a whole lot more than that. I would say directionally, it's somewhat better than I might have expected. Simon Leopold -- Raymond James -- Analyst So maybe one of the things that we imagine is occurring in the crisis is that new technology maybe gets pushed out in time. I'm wondering if that's the case for 400-gig technology for intra data center? And if you view that as a good thing by extending the life of your 40- and 100-gig products or a bad thing in that it keeps you from enjoying benefits of a new product cycle. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Well, it's a little again, it's a little hard to say exactly how that's going to play out, too. I do think that we have a number of our customers have engineers or qualification labs that are not operating or operating at less efficiency than they would have normally. In other words, engineers are working from home, and they may not be able to have access to their test equipment and what have you. So I think at least in the short term, we expect some of those qualifications to be pushed out. Although I would emphasize again that we actually had an all-time high of design wins in the first quarter despite the virus, but nevertheless, for some of the 400G stuff, in particular, we are seeing customers that are saying, look, we're going to have to delay a little bit the final qualification efforts that were previously ongoing. Whether that results in a delay in the ramp-up or the deployments? It's not clear at this point. I think that they're if anything, they're more motivated now to try to get these newer technologies in. I think they will add capacity and they'll certainly improve operating expenses and things like that for the customers in many cases. So I think their they want to get these technologies in. Their employees are limited in their ability to do what they need to do to be able to start these technologies. And it's really going to depend on how fast recovery happens as to whether they'll be able to when things do normalize, whether they'll be able to get the qualifications done and get all that lined up in time to ramp up on schedule or whether it might be delayed a little bit. Simon Leopold -- Raymond James -- Analyst And maybe just quickly, gross margin, can you bridge the would you have met your guidance if it wasn't on gross margin, if it wasn't for the shipping issues you mentioned? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer So it wasn't only related to the shipping issues. As we mentioned in our prepared remarks, the a lot of the cost reduction efforts that we intended to do during the quarter were not able to be completed during the quarter because of the shutdown in China. So we had an additional three week shutdown, almost three week shutdown there. And so we weren't able to finish a lot of the cost reduction work that we intended to do. So that will roll out over the next couple of quarters. So it wasn't only related to the shipping. It was also related to the delay in completing the cost reduction efforts. Simon Leopold -- Raymond James -- Analyst And just one last one, if I might. I did note if you filed an 8-K in April, taking roughly $6 million of the PPP money. Just want to see if you can give us some context. Was this essentially being opportunistic? Or is there some reason we should think there's need for taking out additional debt? And do you expect you have to repay this? Or should we consider this a grant? How to think about that in the context of the business? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yes. So the PPP loan is something that's really very much in flux at this point. I think I'm going to avoid commenting specifically on that at this point just because the guidance and things like that seems to change on an almost daily basis. So in early April, when we applied for the loan, there was certainly a great deal of uncertainty around our operations and really the global economy. Since then, we continue to evaluate the guidance as it comes out, and we'll continue to monitor that as we go forward. Simon Leopold -- Raymond James -- Analyst Great. I understand that. Thank you very much. Please go ahead. Operator [Operator Instructions] Our next question will come from Samik Chatterjee JPMorgan. Bharat -- JPMorgan -- Analyst Yeah, thank you for taking my question. This is Bharat [Phonetic] on for Samik. So the first question I had was the data center segment. I mean, can you highlight what are the spending trends there by, especially the three large customers that you have? I noticed that you still have two 10% customers there and with what customer has been spending at the reduced level. So any incremental visibility you have there? Are you still expecting a second half pickup from that customer? That would be the first question. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer So we don't comment on individual customer trends. As I mentioned, I think there's a lot of positive trends in the data center right now. We discussed the fact that this was the first quarter of year-over-year revenue growth in 100-gig since the end of 2018, which was very early in the 100-gig cycle. We also discussed that the increase in business that we're seeing in 100-gig is actually very broad-based. It's not only just from a couple of customers, but from a number of different customers and the design win activity that we had this quarter also continues to bear that out. So again, it's not just about one or two customers, it's about a much more broad increase in business in the data center in general and in 100-gig in particular. And as we talked about with Simon, some of the dynamics around finishing qualifications on 400G, when that starts to ramp, it's a little difficult to say. Bharat -- JPMorgan -- Analyst Got it. And then just one more question on the design wins. I mean, 2019, I think you highlighted 30-plus design wins, and you also said that 1Q this year was very strong in terms of design wins. So just any wins in particular that you could highlight? I mean, any segments that you see could have a potential uptick in the second half, be it telecom, be it cable, where you are seeing momentum building, anything in particular that you could highlight there? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Sure. Well, I mean, I can give a little bit of extra color perhaps on that. First of all, the design wins that we had, out of the 12 design wins, five of those were with new customers. So we had five new customers among that list of design wins in the quarter. One of those new customers was a data center customer that we hadn't previously sold to before, and two of them are related to 5G deployments in China. So in addition to data center strength, we're also starting to see early signs of demand in China around 5G network build. I think as things in China started to normalize after the after the coronavirus shutdown there, we started to see increased activity from customers trying to finish qualifications and get orders on the books related to 5G. So I think that's another notable area of strength among the new customer base. Bharat -- JPMorgan -- Analyst Thank you for taking my question. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Okay. Operator Our next question is from Joe Flynn of Craig-Hallum. Please go ahead. Joe Flynn -- Craig-Hallum -- Analyst Hi guys, just a quick question on the guidance. I was wondering if you could either quantitatively or qualitatively give a sense of how much data center is the driver of that 45% Q-over-Q growth? And within data center, as in you could give us rather than a 100-gig the split between 100-gig and 40-gig would be appreciated. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Okay. So as far as how much of the growth is related to data center? I mean, we do expect cable TV to be stronger in the second half, as we noted, but most of the growth between Q1 and Q2 is going to come from the data center, just by virtue of the fact that cable TV is a relatively much smaller amount of revenue. So I would expect it to come the growth to come mostly in terms of data center growth, if you're looking at the sequential growth rate. As far as the specifics around the 100G versus 40G products, it was, I'm looking for the number here, it was about 60% from 100G products and 31% from 40 G products. So at this point, 100-gig is clearly driving the bus, so to speak, in terms of data center revenue. 40-gig, we expect to continue to see 40-gig business and maybe business that's close to where we are today. But most of the growth, I think, is expected to come from 100-gig or even 400-gig perhaps toward the end of the year depending on. Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board We don't compare with the Q2, the growth in the 5G. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer And from 5G as well, of course. Yes. Joe Flynn -- Craig-Hallum -- Analyst Okay. Great. And then just piggybacking off the design win question. I was wondering if you have any update just specifically on 400-gig? And I guess, a customer pipeline or along those lines, you're expecting, I guess, by the end of this year? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yes. We did not have a 400-gig design win during the quarter. We did have one design win on 200-gig product power. Joe Flynn -- Craig-Hallum -- Analyst Okay, great, thanks, that's all for me. Operator Our next question today will come from Liz Pate of Cowen and Company. Please go ahead. Liz Pate -- Cowen and Company -- Analyst Hi, thanks for taking my question. Most of my questions have been answered, but I may have missed it. Can you remind me what the top 10 customers were as a percentage of the revenue in the quarter? And how that compared with last quarter and last year? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Sure. So this quarter, top 10 customers were 84.8% of revenue. In the same quarter in the prior year, it was 92.1%. And in the prior quarter. So that would be Q4 2019, it was 87.5%. So again, Q1 last year, 92% last quarter, 87.5% and this quarter, 84.8%. Liz Pate -- Cowen and Company -- Analyst So showing some good diversification going on. And I think you said of the 12 new customers, five were new to you, two are related to 5G deployments in China. And I missed what you said before that. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yes. So we had just to make sure we're on the same page. We had 12 design wins in the quarter. five of those were new customers. So that's five a total of five new customers, one design win each. And one was the data center customer and two were related to 5G business in China. Liz Pate -- Cowen and Company -- Analyst Okay, great. Thank you. Operator [Operator Instructions] Our next question is from Dave Kang of B. Riley FBR. Please go ahead. Danny -- B. Riley FBR -- Analyst Hey, this s is actually Danny [Phonetic] on for Dave. I was wondering if you guys could comment on the crowdedness of the 400G market, any color you can give on that. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer I'm not sure what you mean by the crowdedness of the 400G market. Can you elaborate on that? Danny -- B. Riley FBR -- Analyst Just like, I guess, if the time line of the 400G launch is pushed out, what I'm meaning add is, would there be increased competition from competitors? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Well, I can't really speculate on that. First of all, as I mentioned in my remarks with Simon, it's not clear that the 400G deployment is going to be pushed out. I think customers are very interested in getting those deployments under way as quickly as they can in many cases. If that were not to happen for whatever reason, I really can't speculate on whether there'll be more more competitors or not. I do think that the technology at 400-gig is significantly trickier in terms of design and manufacturing than earlier generations of products. And that generally has an effect of making the competitive landscape smaller rather than bigger. But how that would play out with the push out specifically is difficult expect. Danny -- B. Riley FBR -- Analyst Got it. That's helpful. And I guess, I was wondering if you guys could comment on the pricing environment in the 400G and 100G markets. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer So 400G pricing is really not. Danny -- B. Riley FBR -- Analyst Oh, sorry, did I say I mean 40G, not 400. Sorry about that. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Oh, 40G and 100G relatively pretty stable pricing in terms of different products. We have seen some average average price declines over the last couple of quarters due to some product mix issues in 100-gig, I mean more PSM and less CWDM, as we've talked about in earlier calls. But as far as price on individual products, it's been fairly stable. Danny -- B. Riley FBR -- Analyst Okay, got it. Operator Ladies and gentlemen, this will conclude our question-and-answer session. And at this time, I'd like to turn the conference back over to Dr. Thomspon Lin for any closing remarks. Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Again, thank you for joining us today. As always, thank you to our investors, customers and employees. We continue to support we for virtually see many of you at our upcoming investment conference. Operator [Operator Closing Remarks]. Duration: 36 minutes Call participants: Monica Gould -- Investor Relations Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Bharat -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Danny -- B. Riley FBR -- Analyst More AAOI analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of April 16, 2020 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2020 Earnings Call May 8, 2020, 10:30 p.m. Duration: 36 minutes Call participants: Monica Gould -- Investor Relations Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Bharat -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Danny -- B. Riley FBR -- Analyst More AAOI analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. In some cases, you can identify forward-looking statements by terminology such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes.	Duration: 36 minutes Call participants: Monica Gould -- Investor Relations Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Bharat -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Danny -- B. Riley FBR -- Analyst More AAOI analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2020 Earnings Call May 8, 2020, 10:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon.	Duration: 36 minutes Call participants: Monica Gould -- Investor Relations Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Bharat -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Danny -- B. Riley FBR -- Analyst More AAOI analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2020 Earnings Call May 8, 2020, 10:30 p.m. Total operating expenses in the first quarter were $19.4 million, or 48% of revenue compared with $20.3 million or 38.4% of revenue in the same quarter of last year.	Duration: 36 minutes Call participants: Monica Gould -- Investor Relations Chih-Hsiang Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Bharat -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Danny -- B. Riley FBR -- Analyst More AAOI analysis All earnings call transcripts {%sfr%} 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2020 Earnings Call May 8, 2020, 10:30 p.m. Total operating expenses in the first quarter were $19.4 million, or 48% of revenue compared with $20.3 million or 38.4% of revenue in the same quarter of last year.
9618.0	2020-05-08 00:00:00 UTC	BUZZ-U.S. STOCKS ON THE MOVE-Banks, Uber, Roku, Sorrento Therapeutics	AAOI	https://www.nasdaq.com/articles/buzz-u.s.-stocks-on-the-move-banks-uber-roku-sorrento-therapeutics-2020-05-08	nan	nan	Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing. .N At 10:27 a.m. ET, the Dow Jones Industrial Average .DJI was up 1.35% at 24,197.15. The S&P 500 .SPX was up 1.18% at 2,915.19 and the Nasdaq Composite .IXIC was up 1.09% at 9,077.9. The top three S&P 500 .PG.INX percentage gainers: News Corp Class A NWSA.O, up 11.1% News Corp Class B NWS.O, up 10.1% Noble Energy Inc NBL.O, up 10% The top three S&P 500 .PL.INX percentage losers: Motorola Solutions Inc MSI.N, down 6.7% Fortinet Inc FTNT.O, down 3.8% Cognizant Technology Solutions Corp CTSH.O, down 3.3% The top three NYSE .PG.N percentage gainers: Camping World Holdings Inc CWH.N, up 30.1% American Axle & Manufacturing Holdings Inc AXL.N, up 26.5% Timkensteel Corp TMST.N, up 23.3% The top two NYSE .PL.N percentage losers: AG Mortgage Investment Trust Inc MITT.N, down 27.6% GTT Communications Inc GTT.N, down 15.3% The top three Nasdaq .PG.O percentage gainers: Protagonist Therapeutics Inc PTGX.O, up 73.4% Everspin Technologies Inc MRAM.O, up 49.1% Wisekey International Holding AG WKEY.O, up 30.1% The top three Nasdaq .PL.O percentage losers: Turtle Beach Corp HEAR.O, down 14% Catasys Inc CATS.O, down 13.4% Applied Optoelectronics Inc AAOI.O, down 13.5% Consolidated Edison Inc ED.N: down 1.4% BUZZ-Credit Suisse trims PT on COVID-19 impact, outlook cut Uber Technologies Inc UBER.N: up 4.4% BUZZ-Street View: Uber set to speed past rivals as lockdowns ease Qorvo Inc QRVO.O: up 1.4% BUZZ-Rises on Q4 beat, raised outlook Booking Holdings Inc BKNG.O: down 1.5% BUZZ-Street View: Booking Holdings road to recovery remains uncertain Roku Inc ROKU.O: down 5.2% BUZZ-Falls on declining advertising sales Pluristem Therapeutics Inc PSTI.O: up 23.4% BUZZ-Rises on FDA nod for mid-stage COVID-19 treatment study Spirit Airlines Inc SAVE.N: down 0.8% BUZZ-Spirit Airlines prices upsized stock, convertible debt deals SunPower Corp SPWR.O: up 11.1% BUZZ-Rises on lower-than-expected Q1 loss, revenue beat Walt Disney Co DIS.N: up 2.5% BUZZ-Rises as tickets for Shanghai park sell out like hot cakes RedHill Biopharma Ltd RDHL.O: up 6.1% BUZZ-Rises on FDA approval for COVID-19 drug study Fortress Biotech Inc FBIO.O: up 4.6% BUZZ-Fortress Biotech surges; co's potential platform being explored as COVID-19 treatment Tenneco Inc TEN.N: up 13.7% BUZZ-Rises on smaller-than-expected sales decline Raytheon Technologies Corp RTX.N: up 1.2% BUZZ-Street View: Raytheon's defense business should hold strong AG Mortgage Investment Trust Inc MITT.N: down 27.6% BUZZ-AG Mortgage plummets on bleak portfolio update Meridian Bioscience VIVO.O: up 3.0% BUZZ-Jumps on higher 2020 outlook Hostess Brands TWNK.O: up 2.6% BUZZ-Rises after posting upbeat earnings, reaffirming organic growth target Camping World Holdings Inc CWH.N: up 30.1% BUZZ-RV maker Camping World surges after upbeat Q1 Cognizant Technology Solutions Corp CTSH.O: down 3.3% BUZZ-Cognizant falls as pandemic clouds 2020 Shopify SHOP.N: down 0.9% BUZZ-Shopify slips on $1.3 bln stock offering OPKO Health OPK.O: up 4.8% BUZZ-Gains on launch of COVID-19 screening test for NYC residents Goldman Sachs Group Inc GS.N: up 0.6% JPMorgan Chase & Co JPM.N: up 2.1% Citigroup Inc C.N: up 2.0% Wells Fargo WFC.N: up 1.0% Bank of America BAC.N: up 2.3% Morgan Stanley MS.N: up 2.2% BUZZ-U.S. big banks rise as yields gain on better-than-feared jobs data Cytokinetics Inc CYTK.O: up 1.1% BUZZ-Rises on FDA's fast-track status for heart drug ** Sorrento Therapeutics Inc SRNE.O: up 9.3% BUZZ-Rises on tie-up with Mount Sinai for potential COVID-19 antibody cocktail The 11 major S&P 500 sectors: Communication Services .SPLRCL up 1.31% Consumer Discretionary .SPLRCD up 1.15% Consumer Staples .SPLRCS up 1.61% Energy .SPNY up 2.50% Financial .SPSY up 1.43% Health .SPXHC up 0.47% Industrial .SPLRCI up 1.73% Information Technology .SPLRCT up 0.86% Materials .SPLRCM up 1.66% Real Estate .SPLRCR up 1.38% Utilities .SPLRCU up 0.99% (Compiled by Trisha Roy in Bengaluru) ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 3635;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: News Corp Class A NWSA.O, up 11.1% News Corp Class B NWS.O, up 10.1% Noble Energy Inc NBL.O, up 10% The top three S&P 500 .PL.INX percentage losers: Motorola Solutions Inc MSI.N, down 6.7% Fortinet Inc FTNT.O, down 3.8% Cognizant Technology Solutions Corp CTSH.O, down 3.3% The top three NYSE .PG.N percentage gainers: Camping World Holdings Inc CWH.N, up 30.1% American Axle & Manufacturing Holdings Inc AXL.N, up 26.5% Timkensteel Corp TMST.N, up 23.3% The top two NYSE .PL.N percentage losers: AG Mortgage Investment Trust Inc MITT.N, down 27.6% GTT Communications Inc GTT.N, down 15.3% The top three Nasdaq .PG.O percentage gainers: Protagonist Therapeutics Inc PTGX.O, up 73.4% Everspin Technologies Inc MRAM.O, up 49.1% Wisekey International Holding AG WKEY.O, up 30.1% The top three Nasdaq .PL.O percentage losers: Turtle Beach Corp HEAR.O, down 14% Catasys Inc CATS.O, down 13.4% Applied Optoelectronics Inc AAOI.O, down 13.5% Consolidated Edison Inc ED.N: down 1.4% BUZZ-Credit Suisse trims PT on COVID-19 impact, outlook cut Uber Technologies Inc UBER.N: up 4.4% BUZZ-Street View: Uber set to speed past rivals as lockdowns ease Qorvo Inc QRVO.O: up 1.4% BUZZ-Rises on Q4 beat, raised outlook Booking Holdings Inc BKNG.O: down 1.5% BUZZ-Street View: Booking Holdings road to recovery remains uncertain Roku Inc ROKU.O: down 5.2% BUZZ-Falls on declining advertising sales Pluristem Therapeutics Inc PSTI.O: up 23.4% BUZZ-Rises on FDA nod for mid-stage COVID-19 treatment study Spirit Airlines Inc SAVE.N: down 0.8% BUZZ-Spirit Airlines prices upsized stock, convertible debt deals SunPower Corp SPWR.O: up 11.1% BUZZ-Rises on lower-than-expected Q1 loss, revenue beat Walt Disney Co DIS.N: up 2.5% BUZZ-Rises as tickets for Shanghai park sell out like hot cakes RedHill Biopharma Ltd RDHL.O: up 6.1% BUZZ-Rises on FDA approval for COVID-19 drug study Fortress Biotech Inc FBIO.O: up 4.6% BUZZ-Fortress Biotech surges; co's potential platform being explored as COVID-19 treatment Tenneco Inc TEN.N: up 13.7% BUZZ-Rises on smaller-than-expected sales decline Raytheon Technologies Corp RTX.N: up 1.2% BUZZ-Street View: Raytheon's defense business should hold strong AG Mortgage Investment Trust Inc MITT.N: down 27.6% BUZZ-AG Mortgage plummets on bleak portfolio update Meridian Bioscience VIVO.O: up 3.0% BUZZ-Jumps on higher 2020 outlook Hostess Brands TWNK.O: up 2.6% BUZZ-Rises after posting upbeat earnings, reaffirming organic growth target Camping World Holdings Inc CWH.N: up 30.1% BUZZ-RV maker Camping World surges after upbeat Q1 Cognizant Technology Solutions Corp CTSH.O: down 3.3% BUZZ-Cognizant falls as pandemic clouds 2020 Shopify SHOP.N: down 0.9% BUZZ-Shopify slips on $1.3 bln stock offering OPKO Health OPK.O: up 4.8% BUZZ-Gains on launch of COVID-19 screening test for NYC residents Goldman Sachs Group Inc GS.N: up 0.6% JPMorgan Chase & Co JPM.N: up 2.1% Citigroup Inc C.N: up 2.0% Wells Fargo WFC.N: up 1.0% Bank of America BAC.N: up 2.3% Morgan Stanley MS.N: up 2.2% BUZZ-U.S. big banks rise as yields gain on better-than-feared jobs data Cytokinetics Inc CYTK.O: up 1.1% BUZZ-Rises on FDA's fast-track status for heart drug ** Sorrento Therapeutics Inc SRNE.O: up 9.3% BUZZ-Rises on tie-up with Mount Sinai for potential COVID-19 antibody cocktail The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing. up 0.99% (Compiled by Trisha Roy in Bengaluru) ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 3635;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: News Corp Class A NWSA.O, up 11.1% News Corp Class B NWS.O, up 10.1% Noble Energy Inc NBL.O, up 10% The top three S&P 500 .PL.INX percentage losers: Motorola Solutions Inc MSI.N, down 6.7% Fortinet Inc FTNT.O, down 3.8% Cognizant Technology Solutions Corp CTSH.O, down 3.3% The top three NYSE .PG.N percentage gainers: Camping World Holdings Inc CWH.N, up 30.1% American Axle & Manufacturing Holdings Inc AXL.N, up 26.5% Timkensteel Corp TMST.N, up 23.3% The top two NYSE .PL.N percentage losers: AG Mortgage Investment Trust Inc MITT.N, down 27.6% GTT Communications Inc GTT.N, down 15.3% The top three Nasdaq .PG.O percentage gainers: Protagonist Therapeutics Inc PTGX.O, up 73.4% Everspin Technologies Inc MRAM.O, up 49.1% Wisekey International Holding AG WKEY.O, up 30.1% The top three Nasdaq .PL.O percentage losers: Turtle Beach Corp HEAR.O, down 14% Catasys Inc CATS.O, down 13.4% Applied Optoelectronics Inc AAOI.O, down 13.5% Consolidated Edison Inc ED.N: down 1.4% BUZZ-Credit Suisse trims PT on COVID-19 impact, outlook cut Uber Technologies Inc UBER.N: up 4.4% BUZZ-Street View: Uber set to speed past rivals as lockdowns ease Qorvo Inc QRVO.O: up 1.4% BUZZ-Rises on Q4 beat, raised outlook Booking Holdings Inc BKNG.O: down 1.5% BUZZ-Street View: Booking Holdings road to recovery remains uncertain Roku Inc ROKU.O: down 5.2% BUZZ-Falls on declining advertising sales Pluristem Therapeutics Inc PSTI.O: up 23.4% BUZZ-Rises on FDA nod for mid-stage COVID-19 treatment study Spirit Airlines Inc SAVE.N: down 0.8% BUZZ-Spirit Airlines prices upsized stock, convertible debt deals SunPower Corp SPWR.O: up 11.1% BUZZ-Rises on lower-than-expected Q1 loss, revenue beat Walt Disney Co DIS.N: up 2.5% BUZZ-Rises as tickets for Shanghai park sell out like hot cakes RedHill Biopharma Ltd RDHL.O: up 6.1% BUZZ-Rises on FDA approval for COVID-19 drug study Fortress Biotech Inc FBIO.O: up 4.6% BUZZ-Fortress Biotech surges; co's potential platform being explored as COVID-19 treatment Tenneco Inc TEN.N: up 13.7% BUZZ-Rises on smaller-than-expected sales decline Raytheon Technologies Corp RTX.N: up 1.2% BUZZ-Street View: Raytheon's defense business should hold strong AG Mortgage Investment Trust Inc MITT.N: down 27.6% BUZZ-AG Mortgage plummets on bleak portfolio update Meridian Bioscience VIVO.O: up 3.0% BUZZ-Jumps on higher 2020 outlook Hostess Brands TWNK.O: up 2.6% BUZZ-Rises after posting upbeat earnings, reaffirming organic growth target Camping World Holdings Inc CWH.N: up 30.1% BUZZ-RV maker Camping World surges after upbeat Q1 Cognizant Technology Solutions Corp CTSH.O: down 3.3% BUZZ-Cognizant falls as pandemic clouds 2020 Shopify SHOP.N: down 0.9% BUZZ-Shopify slips on $1.3 bln stock offering OPKO Health OPK.O: up 4.8% BUZZ-Gains on launch of COVID-19 screening test for NYC residents Goldman Sachs Group Inc GS.N: up 0.6% JPMorgan Chase & Co JPM.N: up 2.1% Citigroup Inc C.N: up 2.0% Wells Fargo WFC.N: up 1.0% Bank of America BAC.N: up 2.3% Morgan Stanley MS.N: up 2.2% BUZZ-U.S. big banks rise as yields gain on better-than-feared jobs data Cytokinetics Inc CYTK.O: up 1.1% BUZZ-Rises on FDA's fast-track status for heart drug ** Sorrento Therapeutics Inc SRNE.O: up 9.3% BUZZ-Rises on tie-up with Mount Sinai for potential COVID-19 antibody cocktail The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing. up 0.99% (Compiled by Trisha Roy in Bengaluru) ((Trisha.Roy@thomsonreuters.com; within U.S. +1 646 223 8780, outside U.S. +91 80 6182 3635;)) The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The top three S&P 500 .PG.INX percentage gainers: News Corp Class A NWSA.O, up 11.1% News Corp Class B NWS.O, up 10.1% Noble Energy Inc NBL.O, up 10% The top three S&P 500 .PL.INX percentage losers: Motorola Solutions Inc MSI.N, down 6.7% Fortinet Inc FTNT.O, down 3.8% Cognizant Technology Solutions Corp CTSH.O, down 3.3% The top three NYSE .PG.N percentage gainers: Camping World Holdings Inc CWH.N, up 30.1% American Axle & Manufacturing Holdings Inc AXL.N, up 26.5% Timkensteel Corp TMST.N, up 23.3% The top two NYSE .PL.N percentage losers: AG Mortgage Investment Trust Inc MITT.N, down 27.6% GTT Communications Inc GTT.N, down 15.3% The top three Nasdaq .PG.O percentage gainers: Protagonist Therapeutics Inc PTGX.O, up 73.4% Everspin Technologies Inc MRAM.O, up 49.1% Wisekey International Holding AG WKEY.O, up 30.1% The top three Nasdaq .PL.O percentage losers: Turtle Beach Corp HEAR.O, down 14% Catasys Inc CATS.O, down 13.4% Applied Optoelectronics Inc AAOI.O, down 13.5% Consolidated Edison Inc ED.N: down 1.4% BUZZ-Credit Suisse trims PT on COVID-19 impact, outlook cut Uber Technologies Inc UBER.N: up 4.4% BUZZ-Street View: Uber set to speed past rivals as lockdowns ease Qorvo Inc QRVO.O: up 1.4% BUZZ-Rises on Q4 beat, raised outlook Booking Holdings Inc BKNG.O: down 1.5% BUZZ-Street View: Booking Holdings road to recovery remains uncertain Roku Inc ROKU.O: down 5.2% BUZZ-Falls on declining advertising sales Pluristem Therapeutics Inc PSTI.O: up 23.4% BUZZ-Rises on FDA nod for mid-stage COVID-19 treatment study Spirit Airlines Inc SAVE.N: down 0.8% BUZZ-Spirit Airlines prices upsized stock, convertible debt deals SunPower Corp SPWR.O: up 11.1% BUZZ-Rises on lower-than-expected Q1 loss, revenue beat Walt Disney Co DIS.N: up 2.5% BUZZ-Rises as tickets for Shanghai park sell out like hot cakes RedHill Biopharma Ltd RDHL.O: up 6.1% BUZZ-Rises on FDA approval for COVID-19 drug study Fortress Biotech Inc FBIO.O: up 4.6% BUZZ-Fortress Biotech surges; co's potential platform being explored as COVID-19 treatment Tenneco Inc TEN.N: up 13.7% BUZZ-Rises on smaller-than-expected sales decline Raytheon Technologies Corp RTX.N: up 1.2% BUZZ-Street View: Raytheon's defense business should hold strong AG Mortgage Investment Trust Inc MITT.N: down 27.6% BUZZ-AG Mortgage plummets on bleak portfolio update Meridian Bioscience VIVO.O: up 3.0% BUZZ-Jumps on higher 2020 outlook Hostess Brands TWNK.O: up 2.6% BUZZ-Rises after posting upbeat earnings, reaffirming organic growth target Camping World Holdings Inc CWH.N: up 30.1% BUZZ-RV maker Camping World surges after upbeat Q1 Cognizant Technology Solutions Corp CTSH.O: down 3.3% BUZZ-Cognizant falls as pandemic clouds 2020 Shopify SHOP.N: down 0.9% BUZZ-Shopify slips on $1.3 bln stock offering OPKO Health OPK.O: up 4.8% BUZZ-Gains on launch of COVID-19 screening test for NYC residents Goldman Sachs Group Inc GS.N: up 0.6% JPMorgan Chase & Co JPM.N: up 2.1% Citigroup Inc C.N: up 2.0% Wells Fargo WFC.N: up 1.0% Bank of America BAC.N: up 2.3% Morgan Stanley MS.N: up 2.2% BUZZ-U.S. big banks rise as yields gain on better-than-feared jobs data Cytokinetics Inc CYTK.O: up 1.1% BUZZ-Rises on FDA's fast-track status for heart drug ** Sorrento Therapeutics Inc SRNE.O: up 9.3% BUZZ-Rises on tie-up with Mount Sinai for potential COVID-19 antibody cocktail The 11 major S&P 500 sectors: Communication Services ET, the Dow Jones Industrial Average .DJI was up 1.35% at 24,197.15. up 1.31% Consumer Discretionary	The top three S&P 500 .PG.INX percentage gainers: News Corp Class A NWSA.O, up 11.1% News Corp Class B NWS.O, up 10.1% Noble Energy Inc NBL.O, up 10% The top three S&P 500 .PL.INX percentage losers: Motorola Solutions Inc MSI.N, down 6.7% Fortinet Inc FTNT.O, down 3.8% Cognizant Technology Solutions Corp CTSH.O, down 3.3% The top three NYSE .PG.N percentage gainers: Camping World Holdings Inc CWH.N, up 30.1% American Axle & Manufacturing Holdings Inc AXL.N, up 26.5% Timkensteel Corp TMST.N, up 23.3% The top two NYSE .PL.N percentage losers: AG Mortgage Investment Trust Inc MITT.N, down 27.6% GTT Communications Inc GTT.N, down 15.3% The top three Nasdaq .PG.O percentage gainers: Protagonist Therapeutics Inc PTGX.O, up 73.4% Everspin Technologies Inc MRAM.O, up 49.1% Wisekey International Holding AG WKEY.O, up 30.1% The top three Nasdaq .PL.O percentage losers: Turtle Beach Corp HEAR.O, down 14% Catasys Inc CATS.O, down 13.4% Applied Optoelectronics Inc AAOI.O, down 13.5% Consolidated Edison Inc ED.N: down 1.4% BUZZ-Credit Suisse trims PT on COVID-19 impact, outlook cut Uber Technologies Inc UBER.N: up 4.4% BUZZ-Street View: Uber set to speed past rivals as lockdowns ease Qorvo Inc QRVO.O: up 1.4% BUZZ-Rises on Q4 beat, raised outlook Booking Holdings Inc BKNG.O: down 1.5% BUZZ-Street View: Booking Holdings road to recovery remains uncertain Roku Inc ROKU.O: down 5.2% BUZZ-Falls on declining advertising sales Pluristem Therapeutics Inc PSTI.O: up 23.4% BUZZ-Rises on FDA nod for mid-stage COVID-19 treatment study Spirit Airlines Inc SAVE.N: down 0.8% BUZZ-Spirit Airlines prices upsized stock, convertible debt deals SunPower Corp SPWR.O: up 11.1% BUZZ-Rises on lower-than-expected Q1 loss, revenue beat Walt Disney Co DIS.N: up 2.5% BUZZ-Rises as tickets for Shanghai park sell out like hot cakes RedHill Biopharma Ltd RDHL.O: up 6.1% BUZZ-Rises on FDA approval for COVID-19 drug study Fortress Biotech Inc FBIO.O: up 4.6% BUZZ-Fortress Biotech surges; co's potential platform being explored as COVID-19 treatment Tenneco Inc TEN.N: up 13.7% BUZZ-Rises on smaller-than-expected sales decline Raytheon Technologies Corp RTX.N: up 1.2% BUZZ-Street View: Raytheon's defense business should hold strong AG Mortgage Investment Trust Inc MITT.N: down 27.6% BUZZ-AG Mortgage plummets on bleak portfolio update Meridian Bioscience VIVO.O: up 3.0% BUZZ-Jumps on higher 2020 outlook Hostess Brands TWNK.O: up 2.6% BUZZ-Rises after posting upbeat earnings, reaffirming organic growth target Camping World Holdings Inc CWH.N: up 30.1% BUZZ-RV maker Camping World surges after upbeat Q1 Cognizant Technology Solutions Corp CTSH.O: down 3.3% BUZZ-Cognizant falls as pandemic clouds 2020 Shopify SHOP.N: down 0.9% BUZZ-Shopify slips on $1.3 bln stock offering OPKO Health OPK.O: up 4.8% BUZZ-Gains on launch of COVID-19 screening test for NYC residents Goldman Sachs Group Inc GS.N: up 0.6% JPMorgan Chase & Co JPM.N: up 2.1% Citigroup Inc C.N: up 2.0% Wells Fargo WFC.N: up 1.0% Bank of America BAC.N: up 2.3% Morgan Stanley MS.N: up 2.2% BUZZ-U.S. big banks rise as yields gain on better-than-feared jobs data Cytokinetics Inc CYTK.O: up 1.1% BUZZ-Rises on FDA's fast-track status for heart drug ** Sorrento Therapeutics Inc SRNE.O: up 9.3% BUZZ-Rises on tie-up with Mount Sinai for potential COVID-19 antibody cocktail The 11 major S&P 500 sectors: Communication Services Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: http://tmsnrt.rs/2ggOmBi The Morning News Call newsletter: http://tmsnrt.rs/2fwPLTh U.S. stock markets gained on Friday after data showed the economy lost fewer jobs in April than feared due to the coronavirus crisis, adding to optimism from an easing in friction between Washington and Beijing. ET, the Dow Jones Industrial Average .DJI was up 1.35% at 24,197.15.
9619.0	2020-04-24 00:00:00 UTC	Notable Friday Option Activity: TCO, TDOC, AAOI	AAOI	https://www.nasdaq.com/articles/notable-friday-option-activity%3A-tco-tdoc-aaoi-2020-04-24	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Taubman Centers Inc (Symbol: TCO), where a total of 7,877 contracts have traded so far, representing approximately 787,700 underlying shares. That amounts to about 48.6% of TCO's average daily trading volume over the past month of 1.6 million shares. Particularly high volume was seen for the $22.50 strike put option expiring May 15, 2020, with 5,000 contracts trading so far today, representing approximately 500,000 underlying shares of TCO. Below is a chart showing TCO's trailing twelve month trading history, with the $22.50 strike highlighted in orange: Teladoc Health Inc (Symbol: TDOC) saw options trading volume of 14,627 contracts, representing approximately 1.5 million underlying shares or approximately 46.6% of TDOC's average daily trading volume over the past month, of 3.1 million shares. Particularly high volume was seen for the $190 strike call option expiring April 24, 2020, with 1,620 contracts trading so far today, representing approximately 162,000 underlying shares of TDOC. Below is a chart showing TDOC's trailing twelve month trading history, with the $190 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,033 contracts, representing approximately 303,300 underlying shares or approximately 46.4% of AAOI's average daily trading volume over the past month, of 653,860 shares. Especially high volume was seen for the $7.50 strike put option expiring May 08, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for TCO options, TDOC options, or AAOI options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $7.50 strike put option expiring May 08, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of AAOI. Below is a chart showing TDOC's trailing twelve month trading history, with the $190 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,033 contracts, representing approximately 303,300 underlying shares or approximately 46.4% of AAOI's average daily trading volume over the past month, of 653,860 shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for TCO options, TDOC options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing TDOC's trailing twelve month trading history, with the $190 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,033 contracts, representing approximately 303,300 underlying shares or approximately 46.4% of AAOI's average daily trading volume over the past month, of 653,860 shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for TCO options, TDOC options, or AAOI options, visit StockOptionsChannel.com. Especially high volume was seen for the $7.50 strike put option expiring May 08, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of AAOI.	Below is a chart showing TDOC's trailing twelve month trading history, with the $190 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,033 contracts, representing approximately 303,300 underlying shares or approximately 46.4% of AAOI's average daily trading volume over the past month, of 653,860 shares. Especially high volume was seen for the $7.50 strike put option expiring May 08, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for TCO options, TDOC options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing TDOC's trailing twelve month trading history, with the $190 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,033 contracts, representing approximately 303,300 underlying shares or approximately 46.4% of AAOI's average daily trading volume over the past month, of 653,860 shares. Especially high volume was seen for the $7.50 strike put option expiring May 08, 2020, with 842 contracts trading so far today, representing approximately 84,200 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $7.50 strike highlighted in orange: For the various different available expirations for TCO options, TDOC options, or AAOI options, visit StockOptionsChannel.com.
9620.0	2020-04-22 00:00:00 UTC	Technology Sector Update for 04/22/2020: AAOI,SNAP,STM,PRSP	AAOI	https://www.nasdaq.com/articles/technology-sector-update-for-04-22-2020%3A-aaoisnapstmprsp-2020-04-22	nan	nan	Technology stocks led the markets' Wednesday rebound, with the SPDR Technology Select Sector ETF almost 4.0% while the Philadelphia Semiconductor Index was rising 5.9%. In company news, Applied Optoelectronics (AAOI) was posting a slightly more than 2% advance after the networking equipment company Wednesday said it was partnering with ATX Networks to produce GigaXtend GMC amplifiers for the cable network provider. The companies also will work to develop follow-on distributed access architecture and high-frequency communication technologies used to expand the capabilities of multi-system network operators. Snap (SNAP) rose nearly 35% after the camera and social media company reported strong Q1 financial results, narrowing its non-GAAP net loss to $0.08 per share compared with a $0.10 per share adjusted loss during the same quarter last year while revenue grew 44.4% year-over-year to $462.5 million. Analysts polled by Capital IQ consensus, on average, had been expecting a loss of $0.08 per share, excluding one-time items, on $420.3 million in revenue. STMicroelectronics (STM) was 8.9% higher after the firm reported Q1 net income and revenue topping year-ago comparisons. The chipmaker earned $0.21 a share during the three months ended March 28, up from $0.20 per share during the same quarter last year while revenue increased to $2.23 billion from $2.08 billion during the first three months of 2019. Perspecta (PRSP) climbed 1.5% after the company said its Perspecta Labs research unit received a new contract from the US Army's Autonomous Defensive Cyber Operations worth up to $14.5 million over the next five years to develop and deliver sensors and other products to detect cyber-attacks, malware and potential vulnerabilities from known and unknown sources. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In company news, Applied Optoelectronics (AAOI) was posting a slightly more than 2% advance after the networking equipment company Wednesday said it was partnering with ATX Networks to produce GigaXtend GMC amplifiers for the cable network provider. The companies also will work to develop follow-on distributed access architecture and high-frequency communication technologies used to expand the capabilities of multi-system network operators. Analysts polled by Capital IQ consensus, on average, had been expecting a loss of $0.08 per share, excluding one-time items, on $420.3 million in revenue.	In company news, Applied Optoelectronics (AAOI) was posting a slightly more than 2% advance after the networking equipment company Wednesday said it was partnering with ATX Networks to produce GigaXtend GMC amplifiers for the cable network provider. Snap (SNAP) rose nearly 35% after the camera and social media company reported strong Q1 financial results, narrowing its non-GAAP net loss to $0.08 per share compared with a $0.10 per share adjusted loss during the same quarter last year while revenue grew 44.4% year-over-year to $462.5 million. The chipmaker earned $0.21 a share during the three months ended March 28, up from $0.20 per share during the same quarter last year while revenue increased to $2.23 billion from $2.08 billion during the first three months of 2019.	In company news, Applied Optoelectronics (AAOI) was posting a slightly more than 2% advance after the networking equipment company Wednesday said it was partnering with ATX Networks to produce GigaXtend GMC amplifiers for the cable network provider. Snap (SNAP) rose nearly 35% after the camera and social media company reported strong Q1 financial results, narrowing its non-GAAP net loss to $0.08 per share compared with a $0.10 per share adjusted loss during the same quarter last year while revenue grew 44.4% year-over-year to $462.5 million. Perspecta (PRSP) climbed 1.5% after the company said its Perspecta Labs research unit received a new contract from the US Army's Autonomous Defensive Cyber Operations worth up to $14.5 million over the next five years to develop and deliver sensors and other products to detect cyber-attacks, malware and potential vulnerabilities from known and unknown sources.	In company news, Applied Optoelectronics (AAOI) was posting a slightly more than 2% advance after the networking equipment company Wednesday said it was partnering with ATX Networks to produce GigaXtend GMC amplifiers for the cable network provider. Technology stocks led the markets' Wednesday rebound, with the SPDR Technology Select Sector ETF almost 4.0% while the Philadelphia Semiconductor Index was rising 5.9%. Snap (SNAP) rose nearly 35% after the camera and social media company reported strong Q1 financial results, narrowing its non-GAAP net loss to $0.08 per share compared with a $0.10 per share adjusted loss during the same quarter last year while revenue grew 44.4% year-over-year to $462.5 million.
9621.0	2020-02-27 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q4 2019 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q4-2019-earnings-call-transcript-2020-02-28	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2019 Earnings Call Feb 27, 2020, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. I will be your conference operator. At this time, I would like to welcome everyone to the Applied Optoelectronics Fourth Quarter and Full Year 2019 Earnings Conference Call. All participants have been placed on mute to prevent any background noise. [Operator Instructions] Please note this event is being recorded. I will now turn the call over to Lindsay Savarese, Investor Relations for AOI. Ms. Savarese, you may begin. Lindsay Savarese -- Investor Relations Thank you. I'm Lindsay Savarese, Applied Optoelectronics Investor Relations, and I'm pleased to welcome you to AOI's fourth quarter and full year 2019 financial results conference call. After the market closed today, AOI issued a press release announcing its fourth quarter and full year 2019 financial results and provided its outlook for the first quarter of 2020. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to that recording can be found on the Investor Relations section of the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q4 results, and Stefan will provide financial details and the outlook for the first quarter of 2020. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statements. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations, as well as statements regarding the company's outlook for the first quarter of 2020. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the Risk Factors section of the company's reports on file with the SEC, including the company's Annual Report on Form 10-K for the year ended December 31st, 2018. Also with the exception of revenue, all financials discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures, as well as a discussion of why we present non-GAAP financial measures, are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will present at the Raymond James Institutional Investor Conference on March 3rd, and will host an investor session at OFC on Tuesday, March 10th at the San Diego Convention Center. This discussion will be webcast live and a link to the webcast will be available on the Investor Relations section of the AOI website. We hope to have the opportunity to see many of you there. Additionally, I'd like to note the date of our first quarter 2020earnings callis currently scheduled for May 7th, 2020. Now, I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics Founder, Chairman and CEO. Thompson? Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Thank you, Lindsey, and thank you everyone for joining us today. We delivered revenue in line with our guidance range and achieved better-than-expected result on the bottom line. AOI delivered Q4 revenue of $48.7 million, non-GAAP gross margin of 37.6% and a non-GAAP net loss of $0.18 per share. During the quarter, the datacenter demand environment remained consistent with our expectations. However, we are continuing to see improved order pattern among two of our hyperscale datacenter customers. We remain cautiously optimistic as demand continues to stabilize among our customers. We are pleased to report that we recently received a design win for our 400G product with the Tier 1 network equipment manufacturer, and we are encouraged by the customer interest we are seeing with this product. In CATV, the overall CATV demand environment continue to be soft. While we expect this condition to influence our performance in the near-term, we believe AOI remain well-positioned given our innovative technology as MSO move to next-generation architectures. We continue to make good progress and diversify our customer base and during the quarter, we secured nine design wins, with eight out of nine design wins coming from new customers with 31 total design wins for the year, which is nearly 20% higher than our total design wins in 2018. We believe that this market [Phonetic] trend of new customer design wins activity reflects favorably on our technology domain and manufacturing execution, and ASO demonstrates the ongoing success of our strategy to extend sales beyond our core hyperscale customer base. Before turning the call over to Stefan for additional details and our outlook, I'd like to first address the coronavirus outbreak as a result of the COVID-19 outbreak in China. We experienced change in our operation there in Q1. Our operation in Ningbo was shut down for approximately 2.5 weeks beyond our normal Lunar New Year holidays. We are currently up and running again at approximately 70% of our normal capacity, which is improving steadily as our staff is able to return to work. In order to reduce the impact of the shutdown on our customers, we have taken measures to increase production at our factory in Taiwan and in the US. And while we anticipate reduced revenue and some additional expense in Q1, we are working hard to minimize these impacts. We have included our current estimates of the impact in our guidance. However, I was cautious that there are still significant unknowns with respect to the extent and duration of the impact to operation. At this point, we expect that these issues will be temporary as the situation in China gradually gets back to normal. Stefan would provide additional detail, but I wish at a time to send our staff and leadership in China for their dedication in dealing with this very evolving situation, and all those go out to all those individuals in China and around the world who are suffering [Indecipherable] We are encouraged by the traction we are seeing with our 400G product and the continuous sign of recovery from several of our datacenter customers. There also we continue to be pleased with our design wins. We remain focused on delivering innovative technologies to our customer and are well positioned to capitalize on opportunities ahead of us as the market improves. We are looking forward to [Indecipherable] our technology solution, and meeting with many of you and oversee next month. With that, I would turn the call over to Stefan to review the details of our Q4 performance and outlook for Q1. Stefan? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. Our Q4 financial performance and demand environment were broadly in line with our expectations. Total revenue for the fourth quarter was $48.7 million, which was at the high end of our guidance range. Our datacenter revenue came in at $39.3 million compared with $42.6 million in Q4 of last year. In the fourth quarter, 49% of our datacenter revenue was from our 40G transceiver products and 42% was from our 100G products. As Thompson mentioned, we are pleased to report a design win for our 400G product with a Tier 1 network equipment manufacturer, which we received subsequent to quarter end and are pleased with the interest and customer engagement that this product is generating. We remain in active qualification with other customers for their 400G datacenter transceiver needs and look forward to additional design wins as these activities culminate over the next few quarters. Datacenter market dynamics played out similarly to the last few quarters with a slight improvement in Q4 compared to Q3. We are continuing to see a modest recovery among two of our hyperscale datacenter customers, while one customer continues to purchase product from us but with reduce demand. Looking ahead, we remain cautiously optimistic about the demand picture in the near-term. We had seven design wins in the quarter in our datacenter segment with four out of the seven wins coming from a new datacenter operator customer. We are very pleased with this new customer traction and expect to begin generating revenue from this new relationship this quarter. Turning to our cable television product segment. Revenue from CATV products was $6.8 billion compared to $12.7 million in Q4 of last year, primarily driven by weaken demand from our North American MSO customers. We continue to believe that MSOs are delaying upgrades pending the availability of new technologies such as DOCSIS 4.0. Looking ahead, we believe this environment will continue through the first half of this year, driven by demand dynamics we discussed and coupled with typical seasonality. While we believe these conditions will impact our near-term outlook, we believe that AOI remains well-positioned as these new technologies roll out, given our key technologies like Remote PHY. Revenue from our telecom products was $2.2 million compared to $2.8 million in Q4 of last year, in line with our expectations, primarily driven by a decrease in sales of certain legacy products, partially offset by increasing sales of newer products such as those designed for 5G network deployments. In addition to the seven design wins in the datacenter segment, we had one design win in our telecom segment during Q4. This design win is with a network equipment manufacturer of 5G networking equipment. For the quarter, 81% of our revenue was from datacenter products, 14% from CATV products with the remaining 5% from FTTH, telecom and other. In the fourth quarter, we had two 10% or greater customers both in the datacenter market that contributed 39% and 28% of total revenue respectively. For the year, we had four 10% or greater customers, three in the datacenter segment that contributed 32%, 24% and 11% respectively and one of the CATV market that contributed 10% of total revenue. In total, for the fourth quarter, we secured nine new design wins among six customers, five of whom are new to AOI, bringing our total design wins in 2019 to 31, up from 26 design wins in 2018. We made good progress this year in diversifying our revenue base with the declining revenue concentration. The concentration of revenue among our top 10 customers decreased from 92.9% in 2018 to 88.1% in 2019. In Q4, our top 10 customers combined to account for 87.5% of our revenue compared to 91.5% of our revenue in Q4 last year. In Q4, we generated a gross margin of 27.6%, up from 24.7% in Q4 of last year and within our guidance range of 26.5% to 29%, primarily driven by operational efficiencies and a favorable product mix. Total operating expenses in the quarter were $19.4 million or 39.9% of revenue compared with $18.7 million or 31.8% of revenue in the same quarter last year. We had $0.3 million in direct economic incentives from the Chinese government in Q4. Operating loss in the fourth quarter was $6 million compared to an operating loss of $4.2 million in Q4 last year. GAAP net loss for Q4 was $35.4 million or a loss of $1.76 per basic share compared with GAAP net loss of $8.6 million or $0.43 per basic share in Q4 of last year. The increased net loss was primarily driven by a valuation allowance against certain of our deferred tax assets totaling $25.7 million. On a non-GAAP basis, net loss after-tax for Q4 was $3.6 million or a loss of $0.18 per basic share, which was favorable to our guidance range of a loss of $4.3 million to $5.9 million or $0.21 to $0.30 per share and compares to a net loss of $0.5 million or a loss of $0.02 per basic share in Q4 of last year. The basic shares outstanding used for computing the net loss in Q4 were 20.1 million. Turning now to the balance sheet. We ended the fourth quarter with $67 million in total cash, cash equivalents, short-term investments and restricted cash. This compares with $72.4 million at the end of Q3 and reflects $3.2 million in cash used for operations. As of December 31, we had $85 million in inventory compared to $82.1 million in Q3. The increase in inventory was mainly driven by inventory buildup ahead of the Lunar New Year. Although this was planned, we believe this extra inventory will be useful to us as we continue to recover normal operations following the coronavirus shutdown. Longer-term, we continue to believe that inventory levels will rationalize. We made a total of $5.2 million in capital investments in the quarter, including $2.2 million in production equipment and machinery, and $2.7 million on construction and building improvements. Capital expenditures in 2019 of $37.6 million were below our expectations of $46 million, and the difference was primarily related to delays in the construction of our plant in China. We expect most of these expenses to be incurred in 2020, although the timing within the year is still uncertain due to the coronavirus. As Thompson mentioned, the COVID-19 outbreak in China continues to affect our operations there, although the situation is gradually returning to normal. Our factory in Ningbo is not located near the epicenter of the disease but like many cities in China the government there ordered all factories to shut down for an extended period following the Lunar New Year. In total, we were shut down for approximately 2.5 weeks beyond our normal holiday period. We have resumed operations there and are already operating at 70% of our normal capacity, which is improving steadily as staff are able to return to work. As far as financial impact, there are three areas that we are monitoring; one, reduced manufacturing capacity in the quarter due to the shutdown and lower than typical head count in the factory; two, additional expenses incurred as a result of the outbreak; and, three supply chain issues. As many of our suppliers are in China, we are working closely with them as they return to work to assess whether they will be able to supply necessary raw materials for our production. At this point, the vast majority of our suppliers in China have returned to work and we currently believe that we will not have constraints on our production capacity in Q1 due to virus-related supply chain disruption. In order to reduce the impact of the shutdown on our customers, we have taken measures to increase production at our factories in Taiwan and in the US. The flexibility that we have in maintaining multiple manufacturing locations is an essential part of our strategy and our ability to ramp production outside of China has allowed us to offer product to certain customers whose regular suppliers were more acutely affected by the virus than we have been. Our production cost in Taiwan and the US are typically higher than in China, So this may also temporarily press pressure margins. But as China returns to full operations, we anticipate this margin pressure will be short-lived. So, while we have many challenges in dealing with this very fluid situation, we feel that our diversified manufacturing strategy and relatively high level of automation have allowed us to address these challenges proactively. Moving now to our Q1 outlook; we expect Q1 revenue to be between $43 million and $47 million and non-GAAP gross margin to be in the range of 23% to 25%. Non-GAAP net loss is expected to be in the range of $6.8 million to $8.3 million and non-GAAP loss per share between $0.34 per share and $0.41 per share using a weighted average basic share count of approximately 20.3 million shares. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator [Operator Instructions] The first question comes from Samik Chatterjee of JPMorgan. Please go ahead. Bharat Daryani -- JPMorgan -- Analyst Yeah. Hi guys. Thanks for taking my question. This is actually Bharat on for Samik. So the first question I had on the datacenter side, it looks like the 100 gig revenues were up sequentially quite a bit. And then, if I'm not wrong, you highlighted three datacenter customers that were greater than 10%. So, one large hyperscale customer that we had talked about in the last call that had higher inventory and was at reduce spending level. So, are you seeing that return to normal and are you seeing normal capex levels return from that customer? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer So just to clarify, during the quarter, we had two 10% or greater customers in the datacenter segment... Bharat Daryani -- JPMorgan -- Analyst Okay. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer ...that were 39% and 28% respectively, so not three but two. With respect to the -- we did have for the year, we had three datacenter customers, and just to clarify, so two in the fourth quarter and three for the year. I would say the -- as we noted in our prepared remarks, two of our datacenter customers are increasing their orders and one continues to order from us but with a reduced level from what it had been historically. Bharat Daryani -- JPMorgan -- Analyst Okay. Yeah. Thanks for that. And then, one follow-up I have is the new 400-gig design win that you talked about, how should we -- can you quantify probably the magnitude of that and how should we think about the benefit of that coming through, do you expect that meaningfully come starts to benefit the revenue toward the latter half of this year or that's more a 2021 kind of story. Thanks. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer We may see some contribution late this year. I'm expecting it frankly to be more of a 2021 ramp, but it could come as early as later this year depending on how things play out. This particular win is a sizable opportunity for us, but I think more than the absolute dollars that could come from this win. I think it really is a testament that the technology that we have is playing well with customers. As we noted in our prepared remarks, we have a number of ongoing qualifications with other customers, and I think this provides some tangible evidence that the product is working as intended and customers are accepting the product and the pricing and other aspects of the product that we have. So, we think it demonstrates our capabilities and we're excited about the other accepting the product and the pricing and other aspects of the product, that we have. So, we're -- we think it demonstrates our capabilities and we're excited about the other qualifications that we have ongoing in. Bharat Daryani -- JPMorgan -- Analyst Great. Thanks for taking the question. Thank you. Lindsay Savarese -- Investor Relations Thanks. Operator [Operator Instructions] The next question comes from Joe Flynn of Craig-Hallum. Please go ahead. Joe Flynn -- Craig-Hallum Capital Group -- Analyst Hi guys. I'm on for Richard Shannon. Just a quick question regarding the 400 gig products. Would you be able to tell us is it the 4-channel or 8-channel product design? Operator It's a 4-channel design. Joe Flynn -- Craig-Hallum Capital Group -- Analyst Okay. Thanks. And I guess, looking out forward, what does the path of breakeven look like, anything upright [Phonetic] maybe like on sales levels, gross margin, maybe the main market drivers that will be there. Operator Yeah. I think, Joe, there -- obviously there's a couple of different knobs that we can turn. One is increasing gross margins, and the other is increasing revenue. I think our operating expenses are likely to be, relatively well controlled at around this level. They may, you know, on a quarter by quarter basis, they may they may balance around a little bit, but overall I don't expect major changes in our operating expenses at this point. So really it comes down to revenue and increase in gross margin. And I think as far as revenue contribution, I think the main factors that we expect to see are improvement, especially in the back half of the year in our cable TV market. Q1 is always a seasonally down quarter for us in cable. And as we noted in our prepared remarks, we're also are kind of a nattered in terms of industry revenue, I believe at least from the commentary that I've heard from other companies in the industry so far this reporting season. It seems like revenues are generally depressed across the cable TV space. We do believe that several MSOs are in the process of contemplating or making plans to begin upgrades later on the year and that should be good for the industry as a whole, and hopefully AOI in particular participating in that. We do think some of our newer technologies like Remote PHY and some of our other newer products for the cable space could contribute positively to both obviously revenue and gross margins as well. So that's one factor I think that lead us to improving condition. The other is continued growth in our 100 gig datacenter products. As you noted,our 100 gig -- sorry, it wasn't you, it was a previous question noted that the 100 gig was up sharply was nearly double what it was last quarter. And as long as that trend can continue I think that's positive for us. It portends revenue growth is well. 400 gig as I noted in my answer to the previous question is likely to be not that bigger contributor in 2020, but longer-term could meaningfully contribute to both revenue and gross margin. And then, the 5G network build out. Currently I think with the coronavirus that does put a little bit of a question mark on the pace of rollouts, particularly in China where some of the early rollouts were expected to happen, but nevertheless I think over the longer-term as we move past that the virus-related concerns that certainly should be positive for us in terms of revenue growth. We also think it could be positive in terms of gross margin, it depends a little bit on product mix there, but there are opportunities where we can extract higher gross margins certainly than our current levels there. So, those are all the kind of knobs that we expect to turn and the market dynamics that are playing out. And overall, I think we're pretty optimistic that datacenter recovery is under way. Cable TV still not recovering yet, but I think there's reason to be optimistic about the back half of the year. And then, 5G should be a contributor to us as well, and all three of those things are kind of pointing in the right direction if not immediately evident in this quarter. Joe Flynn -- Craig-Hallum Capital Group -- Analyst All right. Thanks. That's helpful. That's all from me. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah. Thank you. Operator [Operator Instructions] At this time, we have no further questions. And I will turn the call over to Dr. Thompson Lin for closing remarks. Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Okay. Thank you for joining us today. As always, we thank our investors, customers and employees for your continued support and we look forward to seeing many of you at our upcoming investor conference at OC. Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum Capital Group -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2019 Earnings Call Feb 27, 2020, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum Capital Group -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes.	Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum Capital Group -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2019 Earnings Call Feb 27, 2020, 4:30 p.m. After the market closed today, AOI issued a press release announcing its fourth quarter and full year 2019 financial results and provided its outlook for the first quarter of 2020.	Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum Capital Group -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2019 Earnings Call Feb 27, 2020, 4:30 p.m. We continue to make good progress and diversify our customer base and during the quarter, we secured nine design wins, with eight out of nine design wins coming from new customers with 31 total design wins for the year, which is nearly 20% higher than our total design wins in 2018.	Operator [Operator Closing Remarks] Duration: 29 minutes Call participants: Lindsay Savarese -- Investor Relations Thompson Lin -- Founder, President, Chief Executive Officer and Chairman Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JPMorgan -- Analyst Joe Flynn -- Craig-Hallum Capital Group -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q4 2019 Earnings Call Feb 27, 2020, 4:30 p.m. Revenue from our telecom products was $2.2 million compared to $2.8 million in Q4 of last year, in line with our expectations, primarily driven by a decrease in sales of certain legacy products, partially offset by increasing sales of newer products such as those designed for 5G network deployments.
9622.0	2020-02-21 00:00:00 UTC	Friday Sector Laggards: Oil & Gas Exploration & Production, Semiconductors	AAOI	https://www.nasdaq.com/articles/friday-sector-laggards%3A-oil-gas-exploration-production-semiconductors-2020-02-21	nan	nan	In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.8%. Helping drag down the group were shares of Valaris, down about 21.9% and shares of Qep Resources off about 7.2% on the day. Also lagging the market Friday are semiconductors shares, down on the day by about 2.2% as a group, led down by First Solar, trading lower by about 14.7% and Applied Optoelectronics, trading lower by about 7.7%. VIDEO: Friday Sector Laggards: Oil & Gas Exploration & Production, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.8%. Also lagging the market Friday are semiconductors shares, down on the day by about 2.2% as a group, led down by First Solar, trading lower by about 14.7% and Applied Optoelectronics, trading lower by about 7.7%. VIDEO: Friday Sector Laggards: Oil & Gas Exploration & Production, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.8%. Also lagging the market Friday are semiconductors shares, down on the day by about 2.2% as a group, led down by First Solar, trading lower by about 14.7% and Applied Optoelectronics, trading lower by about 7.7%. VIDEO: Friday Sector Laggards: Oil & Gas Exploration & Production, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.8%. Also lagging the market Friday are semiconductors shares, down on the day by about 2.2% as a group, led down by First Solar, trading lower by about 14.7% and Applied Optoelectronics, trading lower by about 7.7%. VIDEO: Friday Sector Laggards: Oil & Gas Exploration & Production, Semiconductors The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In trading on Friday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.8%. Helping drag down the group were shares of Valaris, down about 21.9% and shares of Qep Resources off about 7.2% on the day. Also lagging the market Friday are semiconductors shares, down on the day by about 2.2% as a group, led down by First Solar, trading lower by about 14.7% and Applied Optoelectronics, trading lower by about 7.7%.
9623.0	2019-12-20 00:00:00 UTC	Noteworthy Friday Option Activity: TRTN, AAOI, PRAA	AAOI	https://www.nasdaq.com/articles/noteworthy-friday-option-activity%3A-trtn-aaoi-praa-2019-12-20	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Triton International Ltd (Symbol: TRTN), where a total volume of 1,038 contracts has been traded thus far today, a contract volume which is representative of approximately 103,800 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 47% of TRTN's average daily trading volume over the past month, of 221,045 shares. Particularly high volume was seen for the $40 strike call option expiring January 17, 2020, with 550 contracts trading so far today, representing approximately 55,000 underlying shares of TRTN. Below is a chart showing TRTN's trailing twelve month trading history, with the $40 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 2,156 contracts thus far today. That number of contracts represents approximately 215,600 underlying shares, working out to a sizeable 46.2% of AAOI's average daily trading volume over the past month, of 466,780 shares. Particularly high volume was seen for the $10.50 strike call option expiring December 20, 2019, with 358 contracts trading so far today, representing approximately 35,800 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $10.50 strike highlighted in orange: And Pra Group Inc (Symbol: PRAA) saw options trading volume of 955 contracts, representing approximately 95,500 underlying shares or approximately 45.4% of PRAA's average daily trading volume over the past month, of 210,135 shares. Particularly high volume was seen for the $37.50 strike put option expiring March 20, 2020, with 590 contracts trading so far today, representing approximately 59,000 underlying shares of PRAA. Below is a chart showing PRAA's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for TRTN options, AAOI options, or PRAA options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $10.50 strike call option expiring December 20, 2019, with 358 contracts trading so far today, representing approximately 35,800 underlying shares of AAOI. Below is a chart showing TRTN's trailing twelve month trading history, with the $40 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 2,156 contracts thus far today. That number of contracts represents approximately 215,600 underlying shares, working out to a sizeable 46.2% of AAOI's average daily trading volume over the past month, of 466,780 shares.	Below is a chart showing TRTN's trailing twelve month trading history, with the $40 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 2,156 contracts thus far today. Below is a chart showing AAOI's trailing twelve month trading history, with the $10.50 strike highlighted in orange: And Pra Group Inc (Symbol: PRAA) saw options trading volume of 955 contracts, representing approximately 95,500 underlying shares or approximately 45.4% of PRAA's average daily trading volume over the past month, of 210,135 shares. Below is a chart showing PRAA's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for TRTN options, AAOI options, or PRAA options, visit StockOptionsChannel.com.	Below is a chart showing AAOI's trailing twelve month trading history, with the $10.50 strike highlighted in orange: And Pra Group Inc (Symbol: PRAA) saw options trading volume of 955 contracts, representing approximately 95,500 underlying shares or approximately 45.4% of PRAA's average daily trading volume over the past month, of 210,135 shares. Below is a chart showing TRTN's trailing twelve month trading history, with the $40 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 2,156 contracts thus far today. That number of contracts represents approximately 215,600 underlying shares, working out to a sizeable 46.2% of AAOI's average daily trading volume over the past month, of 466,780 shares.	Below is a chart showing AAOI's trailing twelve month trading history, with the $10.50 strike highlighted in orange: And Pra Group Inc (Symbol: PRAA) saw options trading volume of 955 contracts, representing approximately 95,500 underlying shares or approximately 45.4% of PRAA's average daily trading volume over the past month, of 210,135 shares. Below is a chart showing PRAA's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for TRTN options, AAOI options, or PRAA options, visit StockOptionsChannel.com. Below is a chart showing TRTN's trailing twelve month trading history, with the $40 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) options are showing a volume of 2,156 contracts thus far today.
9624.0	2019-11-06 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q3 2019 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q3-2019-earnings-call-transcript-2019-11-07	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2019 Earnings Call Nov 6, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon, everyone. My name is Jamie, and I will be your conference operator today. At this time, I would like to welcome everyone to Applied Optoelectronics Third Quarter 2019 Earnings Conference Call. [Operator Instructions] At this time, I'd like to turn the conference call over to Monica Gould, Investor Relations for AOI. Ms. Gould, you may begin. Monica Gould -- Investor Relations Thank you. I'm Monica Gould, Applied Optoelectronics Investor Relations, and I'm pleased to welcome you to AOI's third quarter 2019 financial results conference call. After the market closed today, AOI issued a press release announcing its third quarter 2019 financial results and provided its outlook for the fourth quarter of 2019. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to that recording can be found on the Investor Relations page of the AOI website and will be archived for one year. Joining us on today's call is Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q3 results, and Stefan will provide financial details and the outlook for the fourth quarter of 2019. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's safe harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you may identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations, as well as statements regarding the company's outlook for the fourth quarter of 2019. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto conform these statements to actual results or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the Risk Factors section of the company's reports on file with the SEC, including the company's annual report on Form 10-K for the year ended December 31, 2018. Also, with the exception of revenue, all financial numbers discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures, as well as a discussion of why we present non-GAAP financial measures, are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to note that AOI management will present at the Needham Security, Networking and Communications Conference in New York on November 12; The Raymond James Technology Conference in New York, on December 10th; and the Cowen Networking and Cybersecurity Summit on December 11. We hope to have the opportunity to see many of you there. Additionally, I'd like to note the date of our fourth quarter 2019earnings callis currently scheduled for February 25th, 2020. Now I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, Monica, and thank you everyone for joining us today. We are pleased with our continued execution in the quarter. For the second quarter in a load [Phonetic], we delivered revenue in line with our guidance and achieved better-than-expected result on the bottom line, having delivered revenue of $46.1 million, non-GAAP gross margin of 28.8%, and a non-GAAP net loss of $0.15 per share. In looking at the dynamics in the quarter, the datacenter demand environment remain consistent with our expectation. We are starting to see early sign of recovery among two of our hyperscale datacenter customers. We are encouraged by early sign and believe the fundamental need for higher bandwidth within hyperscale datacenter will drive long-term growth. However, in the near term, we remain cautiously optimistic on the hyperscale market as demand continue to stabilize among our customers. In CATV, we remain encouraged by the growing [Phonetic] increase in our Remote PHY products [Indecipherable] to report our fourth significant Remote PHY order in the quarter. Less amount [Phonetic], we demonstrated our Remote PHY solution at SCTE [Indecipherable] and had a very positive response from our current and potential customers. However, the overall cable TV demand environment continues to be soft, resulted in tepid demand for some of our legacy products. Additionally, CATV demand in China remain weak as a result of trade tensions. We continue to make good progress and diversify our customer base and during the quarter we secured 11 new design wins, including four for our new customers. In summary, we are pleased we our result and improving gross margin, which led to another quarter, our better-than-expected bottom line result. We remain focused on expanding our relationship with both new and existing customers and maintaining our technology leadership. We believe operable proprietary and geographically diverse manufacturing and vertical integration are key competitive advantages, and we remain committed in our ability to execute our opportunities to have us as the market improve. With that, I will turn the call over to Stefan to review the details of our Q3 performance and outlook for Q4. Stefan? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. Our Q3 results were broadly in line with our expectations and reflect improving performance compared with last quarter. During the quarter, we continued on our path of customer diversification, expanded our margins and tightly managed our expenses, leading to a narrower net loss than we had anticipated. Total revenue for the third quarter was $46.1 million, which was within our guidance range. Our datacenter revenue came in at $34 million, compared with $39 million in Q3 of last year. In the third quarter, 69% of our datacenter revenue was from our 40G transceiver products and 25% was from our 100G products. We continue to make good progress with our customers as they work to qualify our 400G products for datacenter applications. Datacenter market dynamics played out similarly to last quarter. We continued to see early signs of recovery among two of our hyperscale datacenter customers, while one customer continues to purchase product from us, but with reduced demand. While these improving dynamics are encouraging, we remain cautiously optimistic in the near term. We had seven design wins in the quarter in our datacenter segment. Of these seven, two are new customers in the quarter, and an additional two are incremental wins with the recent new customer. Turning to our cable television product segment. Revenue from CATV products decreased 38% year-over-year to $8.8 million from $14.3 million in Q3 of last year, primarily driven by weaken demand from our North American MSO customers combined with a historically high revenue quarter last year. Given limited competition in their markets, we believe that MSOs are delaying upgrades, pending the availability of new technologies such as DOCSIS 4.0. Despite these near-term challenges, we are pleased to report a significant order for our Remote PHY gear from our largest CATV customer. We had a very positive reaction to our latest Remote PHY product at the Society for Cable Telecommunications Engineers or SCTE Conference last month in New Orleans. In addition to our standard Remote PHY products, we also demonstrated a pathway to Extended Spectrum DOCSIS using our Remote PHY technology. Extended Spectrum DOCSIS represents a key technology behind the emerging DOCSIS 4.0 standard, which we believe will be formalized by the end of the year. Once finalized, we believe this latest DOCSIS standard will be a catalyst for future upgrades. We were a leader in technologies like Remote PHY that will enable DOCSIS 4.0, and we believe we are well-positioned to capitalize on this implementation once it begins. Revenue from our telecom products increased slightly to $2.9 million from $2.7 million in Q3 of last year, reflecting the traction that we are making with our newer customer set as this business continues to incrementally grow. We believe that AOI is well-positioned to grow share as 5G continues to roll out and we are optimistic about the future. We also believe that increased competition from 5G will be another catalyst to increased cable spending. In addition to the seven design wins in the datacenter segment, we had three design wins in our telecom segment during Q3, including one design win related to 5G optical modules with the major supplier of 5G networking equipment. This 5G win is also with a new customer to AOI. For the quarter, 74% of our revenue was from datacenter products; 19% from CATV products; with remaining 6% from FTTH, telecom and other. In the third quarter, we had three 10% or greater customers: two in the datacenter market that contributed 44% and 20% of total revenue, respectively; and one in the CATV market that contributed 10% of total revenue. In total for the quarter, we secured 11 new design wins among eight customers: four of whom are new to AOI, bringing our year-to-date new design wins to 22. As a reminder, for all of 2018, we secured a then-record 26 design wins. So our total of 11 wins this quarter demonstrates an acceleration of our design win activity and one that we believe derives from the effort that we have put into further diversifying our customer base. Illustrating the effectiveness of our diversification efforts, in Q3, our top 10 customers combined to account for 88.3% of our revenue compared to 92.9% in the same quarter last year. On a year-to-date basis, the concentration of revenue among our top 10 customers decreased from 94% to 89%. This decreasing revenue concentration is in line with our expectations, and we think reflects a positive trend for our business. In Q3, we generated a gross margin of 28.8%, up from 27.2% last quarter, and at the high-end of our guidance range of 27% to 29%, primarily driven by operational efficiencies and a favorable product mix. Total operating expenses in the quarter declined to $18.4 million, or 39.9% of revenue from $19.5 million, or 44.9% of revenue in the prior quarter, reflecting our efficient expense management. In the third quarter, we also received economic incentives from the China Government, these [Phonetic] totaled $1.1 million in our accounted for as other income. Operating loss in the third quarter was $5.1 million, compared to an operating loss of $7.7 million in Q2. GAAP net loss for Q3 was $8.8 million, or a loss of $0.44 per basic share compared with GAAP net loss of $11.4 million, or $0.57 per basic share in Q2. Non-GAAP net loss after-tax for the third quarter was $2.9 million, or a loss of $0.15 per basic share, which was favorable to our guidance range of a loss of $4.2 million to $5.7 million, or $0.21 to $0.28 per share and reflects an improvement over Q2's net loss of $5.2 million, or $0.26 per basic share. The basic shares outstanding used for computing the net loss in Q3 were $20 million. Turning now to the balance sheet. We ended the third quarter with $72.4 million in total cash, cash equivalents, short-term investments and restricted cash, compared with $84 million at the end of the previous quarter. This reflects $5.8 million in cash used for operations. As of September 30, we had $82.1 million in inventory compared to $81.5 million in Q2. The modest increase was driven primarily by an increase in 40G orders, which requires inventory additions to meet demand. We continue to believe that inventory levels will rationalize over the long-term. We made a total of $6.1 million in capital investments in the quarter, including $1.8 million in production equipment and machinery and $4.2 million on construction and building improvements. Looking ahead, we now expect capital expenditures in 2019 to be approximately $46 million. The reduction in capex outlook for the year is largely related to delays in the construction of our plant in China. We still expect many of these expenses to be incurred in Q1 of 2020. Before turning to our outlook, I would like to provide an update on the ongoing China trade and tariff dynamics. During the quarter, one of our largest customers qualified our Taiwan factory for shipments of datacenter products. As we have discussed previously, we believe that our ability to manufacture datacenter transceivers in both our Taiwan and China factories provides us with an ability to navigate the current trade tensions between the US and China. Looking forward, we believe we are well-positioned to balance production between both our Taiwan and China factories as we look to minimize the impact for both our US-based customers, as well as our customers in China. Moving now to our Q4 outlook. We expect Q4 revenue to be between $46 million and $49 million and non-GAAP gross margin to be in the range of 26.5% to 29%. Non-GAAP net loss is expected to be in the range of $4.3 million to $5.9 million and non-GAAP loss per share between $0.21 per share and $0.30 per share using a weighted average basic share count of approximately 20.1 million shares. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator [Operator Instructions] Our first question today comes from Samik Chatterjee from JP Morgan. Please go ahead with your question. Bharat Daryani -- JP Morgan -- Analyst Yeah. Hi, guys. Thanks for taking my question. This is actually Bharat on for Samik. So the first question I had was one of the networking equipment companies that reported in this earning season as highlighted delayed spending and push out of the refresh cycle at like one large hyperscale customer, which also happens to be your big customer. So just wanted to check does that dynamic impact AOI at all and any insight that you can provide that would be helpful? And then I have a follow-up. Thanks. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer If I understand your question correctly, and I think we're talking about the same customer that I think, yes, that, that reflects the same thing that we've seen. I will note, I mean, AOI has been pretty consistent about saying that this customer was facing some oversupply, over inventory conditions for the last several quarters. And I think we're just starting to hear that maybe now from some other companies. So yes, I think that's the same situation that you're referring to. Bharat Daryani -- JP Morgan -- Analyst Got it. Thanks for that. And then some of the feedback that we've also heard from the supply chain is that one of your larger competitors is being more price aggressive in order to take more market share. Is that the same dynamic that you are seeing, or are you seeing pricing environment more challenging than usual, any updates that would be helpful? Thanks. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No. We haven't seen any real change in the pricing dynamic. And we've been and obviously and we continue to be in a competitive pricing environment, it's been that way since -- since the datacenter market really started to grow, I think a few years ago, but we haven't seen any change. I wouldn't say that -- I wouldn't characterize any of our other competitors is being more price-competitive than before. If anything, I think we're likely to see somewhat reduced price competition from some of the industry consolidation that we've seen, less suppliers makes the need for price competition there, somewhat less on the margin. I'm not saying we predict a big change there, but certainly I don't think it's getting any worse. Bharat Daryani -- JP Morgan -- Analyst All right. Thanks for taking my question. Thank you. Operator Our next question comes from Simon Leopold from Raymond James. Please go ahead with your question. Simon Leopold -- Raymond James -- Analyst Great, thanks. I have two. First one is around the cable space and the cable weakness, I'm imagining there are two headwinds, and I want to see, if you can help me understand the effect of each one being the overall weaker capex spending. The other is some indication that at least some of your customer cable OEMs are trying to exit some of their legacy products, which I presume you've been involved in. So just trying to get a sense of how much of this is sort of the top down spending challenges versus maybe bottoms up changes or adjustments in your customers product portfolios? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes. I mean, that's a good question. Thank you. I think the overall effect is really being driven right now by just the weaker spending environment. I think that weaker spending environment along with particular business challenges for various of the OEM suppliers has resulted, I think in some of the suppliers, taking a hard look at what their strategy is going to be moving forward. I wouldn't necessarily characterize that is getting out of business, but they're certainly looking at which product lines makes sense and how that fits into their overall business strategy. And so, any time there's these kind of shifts going on, I think it represents a combination of some risks and some opportunities. I think the risk is that customers may exit certain products that we're involved in. On the other hand that doesn't results in an overall reduction in demand for those products necessarily, it just means that those products have to go somewhere else. And so we're pretty -- we're actually pretty optimistic that as all of this plays out that there will be new opportunities for us whether with our same partners or other partners or how that's going to play out remains to be seen. But I think it's going to present significant opportunities and when the cable industry begins to grow again, I think those opportunities will become apparent. Simon Leopold -- Raymond James -- Analyst Great. And then my follow up is to get your perspectives on the 400-gig market in terms of timing and how that plays into your business? And couple of thoughts, I want to get your impressions of this one -- one of the large OEMs suggested that 400-gig would happen later suggesting it begins in the second half of '20, but becomes material in '21. I didn't think that was any different, but they suggested that was later. And then, I presume for you, if 400-gig happens later, is that a good thing, because you get to reap the sales of 100-gig longer and 40-gig longer, or do you want it happen sooner to be able to participate in that market? Could you help us understand your expectations and sort of the implications for you? Thank you. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Sure. So, I think the schedule on 400G, again, I want to caution not every OEM, not every supplier or every end customer is on the exact same schedule of course. So we have to keep that in mind. But I do think that not unlike what we saw 100-gig and indeed even at 40-gig where, the initial expectations for deployment schedules were a little bit optimistic, I think we're seeing the same thing at 400-gig, where there were a lot of end customers of network equipment operators that wanted to have 400-gig in the network sooner. I think that -- as we've seen with previous cycles sometimes those -- the amount of work and the technology that needs to be ready, it doesn't always move according to their plans. So I would agree with you, I don't really think that's necessarily later than what we had expected, but I think it's a fair statement that it's perhaps later than what some of the operators may have otherwise liked. When it comes to what's that effect on AOI, I think you're right. We would expect to see a continuation of business for 40G and 100G, until the 400G is there. I don't think the delay is a bad thing for AOI. I think certainly, we've got a good footprint in the 40-gig and 100-gig space. We expect to be a good player, a leading player in the 400-gig space as well, but the delay, if there is one to the extent, if there is a delay, I think it's sort of neutral for us and we will look forward to continued strong sales of 100G and 40G until that time. Simon Leopold -- Raymond James -- Analyst Great. Thank you for taking those. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer My pleasure, Simon. Operator Our next question comes from Richard Shannon from Craig-Hallum. Please go ahead with your question. Richard Shannon -- Craig-Hallum -- Analyst Well, Thompson and Stefan, thanks for taking my questions. I guess, first one on your design wins. I think you talked about seven in last quarter, seven from datacenter and four that were new customers. Maybe, within the datacenter, could you characterize the types of wins here. The 400 -- or excuse me, 100-gig or above and anything about the new customers you can tell us for their Tier 1, Tier 2s, or cloud guys or anything like that? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah. So the design wins in the quarter were -- for the datacenter space we're pretty much all 100-gig type of design wins. We continue to be very -- very active in the 400-gig qualifications, those are ongoing. As the previous question was asked about the schedule, we would expect those qualifications to be ramping-up here in the next quarter or two. And then maybe some limited trials, and then a wider spread deployment in the second half of 2020. And so that schedule again is sort of broadly in line with what we expected, but the design wins that we're seeing now are largely for 100-gig. And then we did disclose the fact that several of those were with new customers, which I think is very important, because it represents, or it reflects rather the fact that all the effort that we put in, and all the information that we talked to you about in the past, regarding the efforts that we put into diversifying our customer base are actually playing out not only within the datacenter space that is we're becoming less dependent on just a few large datacenter operators, but branching out to a wider swath of the datacenter space. But we also talked about the fact that some of our design wins are coming from areas outside of the datacenter like telecom and in particular the 5G-related telecom qualifications. And I think those are also important for customer diversification going forward. Richard Shannon -- Craig-Hallum -- Analyst Okay. Thanks for that detail. One more question from me on the cable TV side, you mentioned a large order. And I believe you said it's something that would be recognized outside this quarter. Maybe just a couple of things, or maybe you can kind of give us a sense of the size of the order. And to the extent you think this conveys a much better environment for at least for your cable business as it relates to [Indecipherable] get into next year, because obviously this year, hasn't been the best for the cable TV business? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yeah. So the order was actually, I mean, it's the beginning of several orders and we expect to be hopefully a more or less continuous stream of new orders for the Remote PHY. In the quarter, I think those magnitude of the orders in sum was in the low single digit millions, and it will be delivered over the next couple of quarters. So maybe that amount of revenue doesn't necessarily move the needle that much, although it's relatively significant for our Cable TV segment given where it's at right now. But I think more than that, it reflects a strong statement about the acceptability and the necessity of Remote PHY as a new technology and the fact that is starting to get adopted by MSOs. I believe there was at least two end customer MSOs who were involved in this order, so it's not just coming from one MSO, but there's some -- at the beginning some broad-based demand for Remote PHY among the MSO community. So, I think that's probably, maybe the message more than the revenue from that specific group of initial orders. Richard Shannon -- Craig-Hallum -- Analyst Okay. I appreciate the details. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I'm sorry, you asked also about kind of the -- what does this mean for the overall cable TV business, I guess with AOI. And I would say, certainly 2019 has been a challenging year in the cable space, as you noted. And as others who have already reported even this cycle have also reported relatively weak results perhaps even unexpectedly weak results. As we talked about in our prepared remarks earlier, I think what's happening in cable right now is really a combination of MSOs just kind of reducing their overall spending, largely because the competitive threat is probably somewhat less than they would have perceived it to be a year or two ago. But the other factor that's its stake here is the fact that -- new technologies continue to become available and we highlighted DOCSIS 4.0 and in particular extended Spectrum DOCSIS, which is a subset of the DOCSIS 4.0 standard. And those new technologies as we have a vendor community start to bring those new technologies to availability. MSOs are justifiably reluctant to invest in older technologies when they know the new technology is imminent. I mean, so I think it's a combination of competitive dynamics and new technology development that's leading to a relatively weak condition right now. Now all that being said, 5G, I think as it starts to become a real maybe not an actual threat, but at least the perception of that being a near-term threat. We'll start to drive the MSOs, and I think the availability of technologies like DOCSIS 4.0 that will enhance the bandwidth -- dramatically enhance the bandwidth delivery capability of HFC networks, that will also spur a desire by the MSOs to invest and upgrading their networks. Richard Shannon -- Craig-Hallum -- Analyst Okay. I appreciate the perspective, Stefan. That's all the questions for me. Thank you. Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Very good. Thanks, Richard. Operator [Operator Instructions] Our next question comes from Tim Savageaux from Northland Capital Markets. Please go ahead with your question. Tim Savageaux -- Northland Capital Markets -- Analyst Thanks, good afternoon. A couple of questions. First, with regard to 100-gig transceivers, which remains that are pretty reduced level. I wonder, if you could characterize that or update us as a function of overall spending at customers or a function of market share and kind of competitive intensity, should we be focused on a broad return in spending to this year recovery there or just something need to happen on the market share side? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer No. I think, market share has been very stable, Tim, I don't think that's meaningfully changed. In fact, if you look at the bigger picture, as we highlighted in our prepared remarks we're actually gaining new customers for 100G, a number of the design wins that we had as we talked about in the previous -- with the previous question has to do with 100G design wins. So, I think actually we're seeing very positive dynamics in 100G. The 100G business this quarter, the actual unit sales were up 49% sequentially. So quite apart from it being a reduction. I mean, if you can look at year-over-year decline and that's a true statement. But I think on a sequential basis, as we talked about last quarter we thought that Q2 represented kind of a low point in particular 400G sales, but for datacenter overall. And I think that's so far at least proven to be true 100G sales were up sharply. And in terms of units. And as we see the third of our three large datacenter customers starting to pull out of the reduced ordering cycle that they've been in, I think that will be positive for the 100G business. And certainly the new customers that we won this quarter will also be positive for the 100G business. Tim Savageaux -- Northland Capital Markets -- Analyst Okay. And kind of unrelated question here, I'm talking about 400-gig. Do you expect to be able to maintain a vertically integrated strategy with regard to lasers as we move 400-gig? Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Yes, that's our expectation. We believe we have the right devices for the 400-gig products. As we talked about we're in qualification on lot of those products right now and things are going well. Tim Savageaux -- Northland Capital Markets -- Analyst Okay, thanks. Operator And ladies and gentlemen, at this time I'm showing no additional questions. I'd like to turn the conference call back over to Dr. Thompson Lin for closing remarks. Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Okay. Thank you for joining us today. As always, we thank our investors, customers and employees for your continued support, and look forward to see many of you at our upcoming investment conference. Operator [Operator Closing Remarks] Duration: 32 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JP Morgan -- Analyst Simon Leopold -- Raymond James -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Tim Savageaux -- Northland Capital Markets -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2019 Earnings Call Nov 6, 2019, 4:30 p.m. Operator [Operator Closing Remarks] Duration: 32 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JP Morgan -- Analyst Simon Leopold -- Raymond James -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Tim Savageaux -- Northland Capital Markets -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. In some cases, you may identify forward-looking statements by terminologies such as believes, anticipates, estimates, intends, predicts, expects, plans, may, should, could, would, will or thinks and by other similar expressions that convey uncertainty of future events or outcomes.	Operator [Operator Closing Remarks] Duration: 32 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JP Morgan -- Analyst Simon Leopold -- Raymond James -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Tim Savageaux -- Northland Capital Markets -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2019 Earnings Call Nov 6, 2019, 4:30 p.m. Joining us on today's call is Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.	Operator [Operator Closing Remarks] Duration: 32 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JP Morgan -- Analyst Simon Leopold -- Raymond James -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Tim Savageaux -- Northland Capital Markets -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2019 Earnings Call Nov 6, 2019, 4:30 p.m. Non-GAAP net loss after-tax for the third quarter was $2.9 million, or a loss of $0.15 per basic share, which was favorable to our guidance range of a loss of $4.2 million to $5.7 million, or $0.21 to $0.28 per share and reflects an improvement over Q2's net loss of $5.2 million, or $0.26 per basic share.	Operator [Operator Closing Remarks] Duration: 32 minutes Call participants: Monica Gould -- Investor Relations Dr. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Dr. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Bharat Daryani -- JP Morgan -- Analyst Simon Leopold -- Raymond James -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Tim Savageaux -- Northland Capital Markets -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2019 Earnings Call Nov 6, 2019, 4:30 p.m. We would expect to see a continuation of business for 40G and 100G, until the 400G is there.
9625.0	2019-08-05 00:00:00 UTC	Noteworthy Monday Option Activity: OMER, SEAS, AAOI	AAOI	https://www.nasdaq.com/articles/noteworthy-monday-option-activity%3A-omer-seas-aaoi-2019-08-05	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Omeros Corp (Symbol: OMER), where a total of 2,129 contracts have traded so far, representing approximately 212,900 underlying shares. That amounts to about 51.1% of OMER's average daily trading volume over the past month of 416,950 shares. Especially high volume was seen for the $22 strike call option expiring January 17, 2020, with 491 contracts trading so far today, representing approximately 49,100 underlying shares of OMER. Below is a chart showing OMER's trailing twelve month trading history, with the $22 strike highlighted in orange: SeaWorld Entertainment Inc. (Symbol: SEAS) options are showing a volume of 7,239 contracts thus far today. That number of contracts represents approximately 723,900 underlying shares, working out to a sizeable 50.9% of SEAS's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $30 strike put option expiring August 16, 2019, with 1,601 contracts trading so far today, representing approximately 160,100 underlying shares of SEAS. Below is a chart showing SEAS's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,525 contracts, representing approximately 352,500 underlying shares or approximately 50.7% of AAOI's average daily trading volume over the past month, of 695,850 shares. Particularly high volume was seen for the $12.50 strike call option expiring August 16, 2019, with 2,321 contracts trading so far today, representing approximately 232,100 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for OMER options, SEAS options, or AAOI options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $12.50 strike call option expiring August 16, 2019, with 2,321 contracts trading so far today, representing approximately 232,100 underlying shares of AAOI. Below is a chart showing SEAS's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,525 contracts, representing approximately 352,500 underlying shares or approximately 50.7% of AAOI's average daily trading volume over the past month, of 695,850 shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for OMER options, SEAS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing SEAS's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,525 contracts, representing approximately 352,500 underlying shares or approximately 50.7% of AAOI's average daily trading volume over the past month, of 695,850 shares. Particularly high volume was seen for the $12.50 strike call option expiring August 16, 2019, with 2,321 contracts trading so far today, representing approximately 232,100 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for OMER options, SEAS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing SEAS's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,525 contracts, representing approximately 352,500 underlying shares or approximately 50.7% of AAOI's average daily trading volume over the past month, of 695,850 shares. Particularly high volume was seen for the $12.50 strike call option expiring August 16, 2019, with 2,321 contracts trading so far today, representing approximately 232,100 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for OMER options, SEAS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing SEAS's trailing twelve month trading history, with the $30 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 3,525 contracts, representing approximately 352,500 underlying shares or approximately 50.7% of AAOI's average daily trading volume over the past month, of 695,850 shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $12.50 strike highlighted in orange: For the various different available expirations for OMER options, SEAS options, or AAOI options, visit StockOptionsChannel.com. Particularly high volume was seen for the $12.50 strike call option expiring August 16, 2019, with 2,321 contracts trading so far today, representing approximately 232,100 underlying shares of AAOI.
9626.0	2019-07-10 00:00:00 UTC	Wednesday's ETF with Unusual Volume: IYZ	AAOI	https://www.nasdaq.com/articles/wednesdays-etf-with-unusual-volume%3A-iyz-2019-07-10	nan	nan	The iShares U.S. Telecommunications ETF (IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.3 million shares traded versus three month average volume of about 419,000. Shares of IYZ were up about 1% on the day. Components of that ETF with the highest volume on Wednesday were Sprint (S), trading up about 3.6% with over 15.4 million shares changing hands so far this session, and AT&T (T), up about 0.6% on volume of over 11.2 million shares. T-mobile US (TMUS) is the component faring the best Wednesday, higher by about 4.8% on the day, while Applied Optoelectronics (AAOI) is lagging other components of the iShares U.S. Telecommunications ETF, trading lower by about 5.2%. VIDEO: Wednesday's ETF with Unusual Volume: IYZ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	T-mobile US (TMUS) is the component faring the best Wednesday, higher by about 4.8% on the day, while Applied Optoelectronics (AAOI) is lagging other components of the iShares U.S. Telecommunications ETF, trading lower by about 5.2%. The iShares U.S. Telecommunications ETF (IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.3 million shares traded versus three month average volume of about 419,000. Components of that ETF with the highest volume on Wednesday were Sprint (S), trading up about 3.6% with over 15.4 million shares changing hands so far this session, and AT&T (T), up about 0.6% on volume of over 11.2 million shares.	T-mobile US (TMUS) is the component faring the best Wednesday, higher by about 4.8% on the day, while Applied Optoelectronics (AAOI) is lagging other components of the iShares U.S. Telecommunications ETF, trading lower by about 5.2%. The iShares U.S. Telecommunications ETF (IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.3 million shares traded versus three month average volume of about 419,000. VIDEO: Wednesday's ETF with Unusual Volume: IYZ The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	T-mobile US (TMUS) is the component faring the best Wednesday, higher by about 4.8% on the day, while Applied Optoelectronics (AAOI) is lagging other components of the iShares U.S. Telecommunications ETF, trading lower by about 5.2%. The iShares U.S. Telecommunications ETF (IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.3 million shares traded versus three month average volume of about 419,000. Components of that ETF with the highest volume on Wednesday were Sprint (S), trading up about 3.6% with over 15.4 million shares changing hands so far this session, and AT&T (T), up about 0.6% on volume of over 11.2 million shares.	T-mobile US (TMUS) is the component faring the best Wednesday, higher by about 4.8% on the day, while Applied Optoelectronics (AAOI) is lagging other components of the iShares U.S. Telecommunications ETF, trading lower by about 5.2%. The iShares U.S. Telecommunications ETF (IYZ) is seeing unusually high volume in afternoon trading Wednesday, with over 1.3 million shares traded versus three month average volume of about 419,000. Shares of IYZ were up about 1% on the day.
9627.0	2019-07-09 00:00:00 UTC	5 Top Stock Trades for Wednesday: SQ, AMZN, FB, BA	AAOI	https://www.nasdaq.com/articles/5-top-stock-trades-for-wednesday%3A-sq-amzn-fb-ba-2019-07-09	nan	nan	Stocks opened lower on the day, but by the afternoon were able to turn higher. M&A remains a constant theme in the market, although investors are getting more focused on the Federal Reserve and whether it will cut rates or hold steady. Let’s look at a few top stock trades going into Wednesday. Top Stock Trades for Tomorrow No. 1: Amazon Not all that long ago in InvestorPlace’s Nasdaq Today column, we wrote that the Nasdaq would have trouble getting back to all-time highs . Well, Amazon (NASDAQ:) is trying to do its part, hitting its highest levels since Q4 2018. The stock’s post-earnings rally was halted in its tracks a few months ago when the stock market took a dive on renewed trade-war fears. Over the last month though, AMZN has been trending higher (blue line) while bumping into resistance near $1,950. On Wednesday, it burst through the latter. I now want to see $1,950 act as support and am looking for a run to the $2,035 to $2,050 area. That’s where Amazon topped out twice in September and October. Top Stock Trades for Tomorrow No. 2: Facebook Another FAANG component is on the move Wednesday, with Facebook (NASDAQ:) jumping higher. Pushing through its April and May highs, the stock is hitting its highest levels in a year. I want to see a further push above $200, increasing investors’ confidence that a gap-fill up toward $215 can take place. Let’s also see if this $197.50 area can act as support going forward. If FB stock breaks down, I want to see either the 20-day or the 50-day moving average act as support. Top Stock Trades for Tomorrow No. 3: Boeing I will give Boeing (NYSE:) stock some credit, as shares handle bad news relatively well. Shares are up Tuesday despite a year-over-year decline in Q2 and 1H deliveries, and only fell modestly on Monday despite one customer canceling an order for up to 50 jets. Most importantly, though, it’s still below the key $360 level, which buoyed BA stock for almost two months following the 737 MAX incident. It’s also below all of its major moving averages. Investors have to wait for one of two things — either a test of support near $337 to $340, or BA reclaiming the $360 to $362 level. Top Stock Trades for Tomorrow No. 4: Square Square (NYSE:) stock is erupting on Tuesday, up more than 6% on the day. The action is promising, as SQ jumps off its 50-week moving average and tests a key level of resistance near $78. Over this mark and a run to $82 or higher is in the cards. Eventually, we want to see $78 turn to support. If $78 holds as resistance, see that the 10-week holds as support. Notice that the 10-week moving average is trying to cross above the 50-week moving average, which could bode well for intermediate-term momentum. Top Stock Trades for Tomorrow No. 5: Applied Optoelectronics Applied Optoelectronics (NASDAQ:) caught a huge lift on Tuesday, up 14%, thanks to Cisco Systems (NASDAQ:) agreeing to acquire Acacia Communications (NASDAQ:) for $2.6 billion. It sent a bid through the whole group, as investors add M&A to the industry’s list of catalysts. The move is igniting AAOI stock over the 50-day moving average, while keeping it north of the 20-day moving average and prior downtrend resistance. If it can continue higher, see how it handles the high from a few weeks ago at $11.40. Above that and the $11.80 to $12 area (black line) will be interesting. This zone was strong support before giving way in May. Bret Kenwell is the manager and author of and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN. The post appeared first on InvestorPlace. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The move is igniting AAOI stock over the 50-day moving average, while keeping it north of the 20-day moving average and prior downtrend resistance. M&A remains a constant theme in the market, although investors are getting more focused on the Federal Reserve and whether it will cut rates or hold steady. Shares are up Tuesday despite a year-over-year decline in Q2 and 1H deliveries, and only fell modestly on Monday despite one customer canceling an order for up to 50 jets.	The move is igniting AAOI stock over the 50-day moving average, while keeping it north of the 20-day moving average and prior downtrend resistance. 2: Facebook Another FAANG component is on the move Wednesday, with Facebook (NASDAQ:) jumping higher. 3: Boeing I will give Boeing (NYSE:) stock some credit, as shares handle bad news relatively well.	The move is igniting AAOI stock over the 50-day moving average, while keeping it north of the 20-day moving average and prior downtrend resistance. Top Stock Trades for Tomorrow No. If FB stock breaks down, I want to see either the 20-day or the 50-day moving average act as support.	The move is igniting AAOI stock over the 50-day moving average, while keeping it north of the 20-day moving average and prior downtrend resistance. Let’s look at a few top stock trades going into Wednesday. 1: Amazon Not all that long ago in InvestorPlace’s Nasdaq Today column, we wrote that the Nasdaq would have trouble getting back to all-time highs .
9628.0	2019-07-09 00:00:00 UTC	Why Optical Networking Stocks Soared Today	AAOI	https://www.nasdaq.com/articles/why-optical-networking-stocks-soared-today-2019-07-09	nan	nan	What happened Shares of numerous optical networking companies have soared today, after networking giant Cisco Systems (NASDAQ: CSCO) said it would acquire Acacia Communications in a $2.6 billion deal that is boosting investor optimism across the sector. As of 3 p.m. EDT, shares of NeoPhotonics were up 7%, with peer Applied Optoelectronics enjoying gains of 13%. So what Cisco has agreed to pay $70 per share in cash for Acacia, a whopping 46% premium compared to yesterday's close. The acquisition will strengthen Cisco's silicon and optics portfolio by offering high-speed interconnect technologies across different types of networks, Cisco said in a presentation discussing the deal. Image source: Getty Images. Acacia is an existing Cisco supplier, and Cisco optical networking exec Bill Gartner said the deal will help the company address three primary networking challenges: increasing capacity of existing fiber infrastructure, reducing cost per bit, and leveraging automation to reduce operating expenses and mitigate human error. "By integrating Acacia technology into Cisco's networking portfolio, we believe we can accelerate the trend toward coherent technology and pluggable solutions while accommodating a larger footprint of customers worldwide," Acacia CEO Raj Shanmugaraj said in a statement. Both NeoPhotonics and Applied Optoelectronics offer similar products for high-speed communications networks. All three companies are fairly comparable in terms of revenue last fiscal year, although NeoPhotonics and Applied Optoelectronics are much smaller in terms of market cap. Both smaller companies are valued at a little over $200 million. Data source: SEC filings. NeoPhotonics announced this week that it has started to ship in limited volumes its latest modulator chips that work with silicon photonics. Now what Cisco expects the transaction to close in the second half of fiscal 2020, and the company will continue to support Acacia's existing and new customers. Cisco has been on a buying spree, with Acacia being the company's third purchase announced this year. Cisco scooped up six companies last year, including Luxtera, which utilizes silicon photonics in integrated optics. The deal -- and its considerable acquisition premium -- is making investors broadly bullish on the sector, potentially speculating that other companies could similarly become acquisition targets. 10 stocks we like better than Cisco Systems When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Cisco Systems wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 1, 2019 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Acacia is an existing Cisco supplier, and Cisco optical networking exec Bill Gartner said the deal will help the company address three primary networking challenges: increasing capacity of existing fiber infrastructure, reducing cost per bit, and leveraging automation to reduce operating expenses and mitigate human error. NeoPhotonics announced this week that it has started to ship in limited volumes its latest modulator chips that work with silicon photonics. Now what Cisco expects the transaction to close in the second half of fiscal 2020, and the company will continue to support Acacia's existing and new customers.	"By integrating Acacia technology into Cisco's networking portfolio, we believe we can accelerate the trend toward coherent technology and pluggable solutions while accommodating a larger footprint of customers worldwide," Acacia CEO Raj Shanmugaraj said in a statement. Both NeoPhotonics and Applied Optoelectronics offer similar products for high-speed communications networks. All three companies are fairly comparable in terms of revenue last fiscal year, although NeoPhotonics and Applied Optoelectronics are much smaller in terms of market cap.	What happened Shares of numerous optical networking companies have soared today, after networking giant Cisco Systems (NASDAQ: CSCO) said it would acquire Acacia Communications in a $2.6 billion deal that is boosting investor optimism across the sector. The acquisition will strengthen Cisco's silicon and optics portfolio by offering high-speed interconnect technologies across different types of networks, Cisco said in a presentation discussing the deal. Acacia is an existing Cisco supplier, and Cisco optical networking exec Bill Gartner said the deal will help the company address three primary networking challenges: increasing capacity of existing fiber infrastructure, reducing cost per bit, and leveraging automation to reduce operating expenses and mitigate human error.	The acquisition will strengthen Cisco's silicon and optics portfolio by offering high-speed interconnect technologies across different types of networks, Cisco said in a presentation discussing the deal. Now what Cisco expects the transaction to close in the second half of fiscal 2020, and the company will continue to support Acacia's existing and new customers. That's right -- they think these 10 stocks are even better buys.
9629.0	2019-05-30 00:00:00 UTC	Noteworthy Thursday Option Activity: FSLR, FDS, AAOI	AAOI	https://www.nasdaq.com/articles/noteworthy-thursday-option-activity%3A-fslr-fds-aaoi-2019-05-30	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in First Solar Inc (Symbol: FSLR), where a total volume of 11,142 contracts has been traded thus far today, a contract volume which is representative of approximately 1.1 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 79.1% of FSLR's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $55 strike put option expiring May 31, 2019, with 2,200 contracts trading so far today, representing approximately 220,000 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $55 strike highlighted in orange: FactSet Research Systems Inc. (Symbol: FDS) options are showing a volume of 3,252 contracts thus far today. That number of contracts represents approximately 325,200 underlying shares, working out to a sizeable 77.1% of FDS's average daily trading volume over the past month, of 421,805 shares. Particularly high volume was seen for the $240 strike call option expiring June 21, 2019, with 2,297 contracts trading so far today, representing approximately 229,700 underlying shares of FDS. Below is a chart showing FDS's trailing twelve month trading history, with the $240 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,663 contracts, representing approximately 566,300 underlying shares or approximately 74.6% of AAOI's average daily trading volume over the past month, of 758,860 shares. Especially high volume was seen for the $5 strike put option expiring January 15, 2021, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for FSLR options, FDS options, or AAOI options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $5 strike put option expiring January 15, 2021, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AAOI. Below is a chart showing FDS's trailing twelve month trading history, with the $240 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,663 contracts, representing approximately 566,300 underlying shares or approximately 74.6% of AAOI's average daily trading volume over the past month, of 758,860 shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for FSLR options, FDS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing FDS's trailing twelve month trading history, with the $240 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,663 contracts, representing approximately 566,300 underlying shares or approximately 74.6% of AAOI's average daily trading volume over the past month, of 758,860 shares. Especially high volume was seen for the $5 strike put option expiring January 15, 2021, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for FSLR options, FDS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing FDS's trailing twelve month trading history, with the $240 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,663 contracts, representing approximately 566,300 underlying shares or approximately 74.6% of AAOI's average daily trading volume over the past month, of 758,860 shares. Especially high volume was seen for the $5 strike put option expiring January 15, 2021, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for FSLR options, FDS options, or AAOI options, visit StockOptionsChannel.com.	Below is a chart showing FDS's trailing twelve month trading history, with the $240 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,663 contracts, representing approximately 566,300 underlying shares or approximately 74.6% of AAOI's average daily trading volume over the past month, of 758,860 shares. Especially high volume was seen for the $5 strike put option expiring January 15, 2021, with 2,500 contracts trading so far today, representing approximately 250,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $5 strike highlighted in orange: For the various different available expirations for FSLR options, FDS options, or AAOI options, visit StockOptionsChannel.com.
9630.0	2019-05-08 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q1 2019 Earnings Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q1-2019-earnings-call-transcript-2019-05-08	nan	nan	Image source: The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2019 Earnings Call May. 8, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good day, and welcome to the Applied Optoelectronics First Quarter 2019 Earnings Conference Call. All participants will be in a listen-only mode. (Operator Instructions) After today's presentation, there will be an opportunity to ask questions. (Operator Instructions) Please note, this event is being recorded. I would now like to turn the conference over to Maria Riley, Investor Relations for AOI. Please go ahead. Maria Riley -- Investor Relations Thank you. I'm Maria Riley, Applied Optoelectronics' Investor Relations, and I'm pleased to welcome you to AOI's First Quarter 2019 Financial Results Conference Call. After the market closed, today, AOI issued a press release announcing its first quarter 2019 financial results and provided its outlook for the second quarter of 2019. The release is also available on the company's website at ao-inc.com. This call is being recorded and webcast live. A link to that recording can be found on the Investor Relations page of the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q1 results, and Stefan will provide financial details and the outlook for the second quarter of 2019. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's Safe Harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties, as well as assumptions and current expectations, which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intents, predicts, expects, plans, may, should, could, well, or thinks and by others similar expressions that convey uncertainty of future events or outcomes. Forward-looking statements also include statements regarding management's beliefs and expectations related to the expansion of the reach of our products into new markets and customer responses to our innovations, as well as statements regarding the company's outlook for the second quarter of 2019. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of thisearnings callto confirm these statements to actual results or to changes in the company's expectation. More information about other risks that may impact the company's business are set forth in the Risk Factor section of the company's report on file with the SEC, including the company's Annual Report on Form 10-K for the year ended December 31, 2018. Also with the exception of revenue, all financial measures discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will attend the Stifel Cross-Sector Insight Conference in Boston on June 11th. We hope to have the opportunity to see many of you there. Additionally, I'd like to note the date of our second quarter 2019earnings callis currently scheduled for Wednesday, August 7, 2019. Now, I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics' Founder, Chairman and CEO. Thompson? Thompson Lin -- Founder, Chairman, President and Chief Executive Officer Thank you, Maria; and thank you, everyone, for joining us today in reviewing our first quarter results. AOI delivered revenue of $52.7 million, non-GAAP gross margin of 25.5%, and a non-GAAP net loss of $0.27 per share. In looking at the dynamics in the quarter, the demanding environment remained consistent with our expectations. Certain of all players and the customer in the US continued to work through excess inventories and some of our customers in China remain conservative in their approach to CapEx deployment. Quarterly (ph) dynamics will influence our performance in the short-term. We continue to believe the fundamental need for higher bandwidth within data center remain intact with ongoing constructive relationships with our customer to have then address this need and will continue to forge ahead our effort to drive further growth. As we had discussed previously, the efforts (ph) by our customer base is a top priority. We are having ongoing discussion with a new customer about our innovative fiber optics access products. And in the quarter, we achieved six design wins including three with new customers. All of these customers are outside of our core hyperscale customer base and we are pleased with the progress we continue to make on this front. We also continue to maximize (ph) in diversifying and expanding the reach of our innovative products into new markets, such as 5G for mobile telecommunications. While we are still early in the 5G cycle, we believe it will be an important driver of the high speed optical component markets. In CATV, we remained encourage by the customer activity and increased interest we have seen for our mobile products. As a reminder, AOI pioneered this innovative technology and we continue to believe it will play a significant role as cable MSOs involve in transition to next generation note inherent architectures. We continue to have strong technical engagement with our customers and are in active qualifications with our next generation 400G products. We have accretion in overseas where we demonstrated our suite of next generation technology and the customer response was very positive. We believe our critical propriety manufacturing process -- encouraging (ph) -- are key to our success in this market and we remain confident in our ability to monetize our innovation as the market improve and move to next generation technology. With that, I'll turn the call over to Stefan to review the detail of our Q1 performance and outlook for Q2. Stefan? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Thompson. Overall the demand environment in the quarter was consistent with our expectations. Total revenue for the first quarter was $52.7 million, which was at the midpoint of our guidance range of $50 million to $55 million. Our data center revenue came in at $38.5 million, compared with $50.6 million in Q1 of last year. In the quarter, 49% of our data center revenue was from our 40G transceiver products and 48% was from our 100G products. As we discussed in February, we are seeing softness in the data center market as customers work through excess inventory due in part to the transition to 100G as well as customers in China taking a more conservative approach with their CapEx deployment, due to concerns of slowing economic growth. These dynamics played out in Q1 as expected and we anticipate this softness to continue into Q2 at a more elevated level. However, I will reiterate that we believe that we continue to have good relationships with all of our hyperscale data center customers and that their need for high speed optical connectivity remains fundamental to their business. We are focusing our efforts on continuing to foster relationships with both new and existing customers and expanding our technology leadership, which we believe will best position AOI for growth when market conditions improve. In Q1, we continue to have success in diversifying our customer base and in the quarter we secured a total of six new design wins, of which three were with new customers and include an OEM supplier to the hyperscale and enterprise markets, a telecom equipment manufacturer for 5G and a provider of chemical sensors. Additionally, in building upon our strong foundation as a leader in advanced optical technology, we announced the availability of a 100 gigabit per second per lambda pin photodiodes that can be leveraged for 100G and 400G optical transceivers. With the development of this new technology, AOI now has in-house manufacturing for the two most critical active optical components required to produce 100G and 400G transceivers. This will enable us to maintain low cost and reduce our time to market for these products. We've remain focused on building industry-leading products and had a great showing at OFC with our suite of next generation technology, including our 200G and 400G modules, as well as our Remote PHY product and 5G products. At OFC, we launched a 400G optical module that adheres to the requirements of onboard optics. We were first to market with this technology and we are very encouraged by the significant customer interest that we are seeing with this product. And just last month, we announced the availability of our new 400 gigabit per second 8 channel digital-based short reach transceiver that utilizes PAM4 encoding to deliver 50 gigabits per second of data throughput on eight separate multimode optical channels. Our large data center customers will need 400G solutions that cover distances as short as a few years to as long as several kilometres. Our growing line of 400G products is designed to meet these customer needs, while offering the cost advantages of our manufacturing expertise and vertical integration. Turning to our CATV market. Revenues from CATV products increased 13% year-over-year to $12 million compared with $10.6 million in Q1 of last year. Demand for our CATV products was in line with expectations. We continued to ship orders for a Remote PHY product and remain in active qualification trials with three additional customers for this technology. Our telecom products delivered revenue of $1.7 million compared with $3.6 million in Q1 of last year. In telecom, we see 5G network deployments poised to become a large driving factor for the optical industry as a whole. The motivation behind the 5G network upgrade cycle is to offer much higher bandwidth and lower latency to support a higher density of mobile users and enable connectivity to billions of new devices, services and applications. In order to enable this ubiquitous coverage, mobile operators will need to install a large number of small antennas and a much larger number of optical devices to handle the front hall connections between the antenna and a centrally located base station. Additionally, a mid-hall link may be required from a centralized cloud radio access network back into an aggregation point where it connects to the Internet. The types of products required for the front hall and mid-hall applications are 25 gigabits per second, 50 gigabits per second, and 100 gigabits per second optical transceivers. The same data rates used in our data center business. Additionally, just like our CATV products, many of these devices will be required to withstand harsh outdoor environments. We have significant experience and resources available to us to develop the types of optical modules required for this application and we have a highly automated production process for producing such modules, which we believe will be important when volumes begin to ramp. We are currently in qualification with a number of vendors for both front and mid-hall applications. That said, please keep in mind that given this is an emerging market the timing of qualification and deployment schedules can be difficult to predict. For the quarter, 73% of our revenue was from data center products, 23% from CATV products with the remaining 4% from FTTH, telecom and other. In the first quarter, we had four 10% or greater customers, three in the data center business that contributed 32%, 19% and 18% of total revenue, respectively, and one in the CATV business that contributed 12% of total revenue. Moving beyond revenue, we generated a gross margin of 25.5%, which modestly improved from 24.7% last quarter. It was slightly below our guidance due to somewhat higher than expected production costs on a certain of our transceiver products. Total operating expenses in the quarter were $20.3 million or 38.4% of revenue compared with $18.7 million or 31.8% of revenue in the prior quarter. We continued to be targeted with our investments with an emphasis on developing and enhancing our next generation of optical products, while also tightly managing expenses. Operating loss in Q1 was $6.8 million compared with an operating loss of $4.2 million in Q4 of 2018. Non-GAAP net loss after-tax for the first quarter was $5.4 million or a loss of $0.27 per basic share compared with a net income of $5.6 million or $0.28 per diluted share in Q1 of 2018. GAAP net loss for Q1 was $10.5 million or a loss of $0.53 per basic share compared with GAAP net income of $2.1 million or $0.11 per diluted share in Q1 of last year. The basic shares outstanding used for computing the net loss in Q1 were 19.9 million shares. Turning now to the balance sheet. We ended Q1 with $77.5 million in total cash, cash equivalents, short-term investments and restricted cash compared with $58 million at the end of the previous quarter. This includes net proceeds of approximately $76.4 million from the convertible notes due in 2024 which priced at 5% coupon in February. We incurred approximately $4.1 million in fees and expenses associated with the offering, which we anticipate amortizing ratably over the five-year life to the notes in accordance with GAAP. Our cash balance was offset by a paydown of $38.2 million to extinguish our capital expenditure loan and real estate term loan with BB&T. As of March 31, we had $84.5 million in inventory ,a decrease of $8.8 million from Q4. This inventory reduction is consistent with our long-term plan as we continue to rationalize inventory levels. We made a total of $12.8 million in capital investments in the quarter, including $7.2 million in production equipment and machinery, and $5.3 million on construction and building improvements. Looking ahead, we now expect capital expenditures in 2019 to be approximately $52 million, which factors in a continuation of the construction of our new factory in China. We continue to monitor end-market conditions and may adjust our spending plans as necessary. Moving now to our Q2 outlook. We expect Q2 revenue to be between $40 million and $45 million and non-GAAP gross margin to be in the range of 25% to 27%. Non-GAAP net loss is expected to be in the range of $6.9 million to $8.6 million and non-GAAP loss per share between $0.35 per share and $0.43 per share using a weighted average basic share count of approximately 19.9 million shares. With that, I'll turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator Thank you. We will now begin the question-and-answer session. (Operator Instructions) And our first question today comes from Simon Leopold with Raymond James. Please go ahead. Simon Leopold -- Raymond James -- Analyst Great. Thank you. I want to ask one sort of nearer term and a longer term question. First, on the nearer term, could you give us an update on what you're seeing competitively, particularly in silicon photonics technologies? And I guess the context to this is, coming out of the optical show in March we not only heard from Intel, who's been dabbling in this area for a long time but Cisco had made an acquisition and Juniper has talked about launching some products, so maybe some update, overall competitive environment but place some context around silicon photonics? And then I've got a follow up. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Okay. Simon, I would say, in this quarter, we haven't seen any sort of meaningful shift with respect to the competitive environment, especially as it pertains to silicon photonics. You know you noted a couple of companies who've made investments in silicon photonics, all of those companies have had some activity in the past either as a company that they're currently with or as previous firms, they're not -- in other words, they're not new entrants to the industry. And I haven't really seen any meaningful shift in terms of the way that those types of companies are approaching the market or the way that our technologies differentiate themselves. I think as we've noted in past conference calls and conferences that we believe our technology competes very favorably with silicon photonics in terms of cost, in terms of flexibility and in terms of our ability to make modifications in things to the products throughout their lifecycle, which can also help us to maintain an attractive cost throughout lifecycle of the product. But as far as it goes, I haven't seen too much shift really in the competitive environment there. And your follow-on question? Simon Leopold -- Raymond James -- Analyst Yes. I wanted to talk a little bit more about how you see the 5G market developing. I think, I appreciate the fact that the hardened optics makes this a great opportunity for your technology, but we hear suggestions that this will be a very competitive market with a lot of varied entrants, maybe, from emerging markets like China. And so, I'm sort of struggling to figure out the dynamic of how big is this opportunity and how does it compare to other markets you've played in? Thank you. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer So I think it's a little early to parse out the competitive environment. I think you're right, Simon, it's going to be a competitive market. There's no doubt about that. I would note that as you've seen in our data center market, we've been able to compete favorably in highly competitive markets. So I think the fact that it's competitive is really a reflection of the fact that the market is sizable and it's one where optics is going to play a very critical role. So, we think that -- it's an exciting market and the competitiveness in that market really just reflects that. As far as -- how does this relate to margins and things, I think it's a little bit early to say. As we noted in our prepared remarks, we're pretty early in the 5G cycle. We think we have very attractive technologies not only at the module level but at the laser photodiode level and optical sub-assembly level. And we intend to compete with all the players that we are aware of, including those that are in China and elsewhere using our technologies and we think we can compete favorably there. Simon Leopold -- Raymond James -- Analyst Great. Thank you for taking my questions. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Simon. Operator And our next question comes from Mark Kelleher with D.A. Davidson. Please go ahead. Mark Kelleher -- D.A. Davidson & Co. -- Analyst Great. Yeah. Thanks for taking these questions. Wanted to just talk about the main business, the data center demand, what are your customers telling you about the excess inventory situation, is this a one quarter situation, is this a whole year situation, what do you think the cycle is there? And then with respect to China, is there an opportunity in the data center market in China to kind of offset some of our weakness in the US? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer So, as far as what customers are saying, I don't think that there's a common cadence across all customers. As you can imagine, inventory levels are not uniform across all different customers. And so, we're hearing different things from different customers. Some customers are saying this is going to be a relatively short-term thing and others frankly just aren't giving us a lot of really good visibility into when the situation improves. As far as the data center market in China, as we noted on our prepared remarks, we have had a number of design wins with data center operators in China and we have some active qualifications ongoing for future -- what we hope will be future design wins in there -- in that area. There is some potential that those customers could offset some of the weakness that we're seeing in the US that hasn't proven to be the case so far. But I think that it's one of the reasons why I think there is hope and optimism surrounding the next few quarters, but we had to get through this period of weakness in the US data center market first. Mark Kelleher -- D.A. Davidson & Co. -- Analyst And then on the cable side, the Remote PHY, you had a pretty nice growth there on the cable TV side, is that some sign that the -- there's some thawing in the cable market, is that demand finally coming through? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I think that there's some signs of the thawing is occurring. I think it's too early to say we're back into a robust growth period yet, but I think that we do expect cable TV to continue to improve. That market is notoriously sort of lumpy and difficult to predict, however. And so, I think, overall, we think that there's some good tailwinds in cable TV, driven by Remote PHY. But, again, on any given quarter, the results can be kind of up and down as we've seen over the past several years. Mark Kelleher -- D.A. Davidson & Co. -- Analyst Okay, great. Thanks. Operator (Operator Instructions) And our next question comes from Richard Shannon with Craig-Hallum. Please go ahead. Richard Shannon -- Craig-Hallum -- Analyst Stefan, Thompson, thanks for taking my questions. Probably just a couple for me. Stefan, I know you're loathe to typically to talk more than one quarter out, but wanted to see if you have any thoughts relative to some other companies who had data set exposure and their thoughts about the second half of the year? Are you seeing any sign of visibility or stabilization that might lead you to think your data center revenues can improve in the third quarter versus the second? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, I think there's a lot of reasons for optimism. We noted that we have some very important new technologies that we've talked about, 400G, et cetera. There are some customers that are talking aggressively about deploying that. I won't put a precise timeframe on it, which is really part of the problem with visibility. While I do believe that there's a number of very exciting things that are going to happen in the data center market, it's very difficult to predict the timing and especially with respect to inventory, because that's one of the more opaque things that our customers are relatively less inclined to talk about with us. They're very interested in talking with us, as you can imagine, about new technologies and their deployment plans for those new technologies that are a little bit less interested to talking to us about their specifics of their inventory situation, so that's a little bit hard to get a concrete read on. I think it's -- it would be -- it would -- question -- it would be a very questionable thing to say that data center companies are not going to eventually continue to invest in their infrastructure. They got out a little bit ahead of themselves, I think, in terms of buying inventory and that's what we're digesting right now, but it seems to me that it's really only a matter of time till growth resumes. It's just hard to put a precise timeframe on that. Richard Shannon -- Craig-Hallum -- Analyst Okay. Well, it's fair enough based on what we've been hearing otherwise. My second and last question, Stefan, is, obviously you guys are trying to grow into -- to get to back to break even here. I wonder, if you could help us kind of sketch out how you get there in terms of revenues, gross margins, OpEx? And also maybe that revenue contribution you'd expect -- obviously, I would assume data center would be a big part of that where they expect new products like 200 and 400 gig or 5G or outside of your main cloud customer base that you have today. Can you just help us understand how you expect to get there? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, I think what we've seen so far, I think, we've -- operating expenses have been relatively stable over the last few quarters. If you take out some of the extraordinary items that we have, so if you kind of run that forward you can get an idea where we need to be in terms of gross margin and revenue to cover those operating expenses. And so, we obviously need to see revenues increased to some extent. And we also believe that we can continue to see some gross margin uptick and that that will also contribute to profitability, but as far as putting us precise numbers on that, we don't have sort of an updated model that we've -- that we put out there yet. Richard Shannon -- Craig-Hallum -- Analyst Okay. That's fair enough. I think that's all the question for me. Thank you. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you. Operator And your next question comes from Liz Pate with Cowen and Company. Please go ahead. Liz Pate -- Cowen and Company -- Analyst Hi. Thanks for taking my question. The first question is, you've talked about a number of new design wins this past quarter and the prior quarter, are those translating into any meaningful revenue at this point for you? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Well, I think -- they are certainly translating into revenue. What your level of meaningful, I guess, you'd have to sort of define that a little bit, but we've seen some of these design wins that are contributing in the millions of dollar range, obviously low-single-digit millions given the overall revenue picture, but certainly some of the recent design wins are contributing. And, for us, a design win occurs when we've not only completed the technical qualification of the product and also the pricing and other negotiations that go on as part of the qualification process, but also when we've actually received orders. So sort of by definition for us all of our design wins are contributing revenue or will contribute revenue very shortly after the design win. How much of that is sort of meaningful, I guess, again, it sort of depends on your definition, but all of those design wins are contributing revenue essentially. Liz Pate -- Cowen and Company -- Analyst Right. In terms of the customer profile, are there Tier 1s in there among the new customers? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer I think there are some recognizable names in there, yes. Okay. And just my last question is on the pricing trends that you're seeing, incremental price erosion over the past 90 days, anything to point to the ordinary and kind of what you expected, just any comments up there? Sure. I think pricing has been pretty consistent with our expectations, no changes to what we've said there. Previously we said, last year we saw price reduction in our core 100 gigabit per second product line of about 20% and we've said that we expect to see about that same number this year and that's still our current expectation. Liz Pate -- Cowen and Company -- Analyst Great. Thank you very much. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you. Operator And our next question comes from Dave King with B Riley FBR. Please go ahead. Lee Krowl -- B. Riely FBR -- Analyst Great. Thanks. This is Lee Krowl filling in for Dave. Thanks for taking my questions. Two, If I may. First, in the past you guys have kind of talked about verticalization efforts in an effort to kind of aid gross margin, obviously, with margins where they are today. Curious if you kind of had some updated thoughts on the strategies that will kind of help trend gross margins higher as it relates to verticalization? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Sure. We noted in our prepared remarks, for example, that we've developed a new line of photodiodes. As you know, the two principal active optical components that defined the performance of an optical transceiver or, frankly, any optical link really are the laser and the photodiode. And for many years, we've manufactured the lasers. It's only more recently that we've begun to manufacture the photodiodes, the corresponding receiving element within the optical transceiver. And so that's an example of where that vertical integration strategy is continuing to -- I mean, we're continuing to work forward on that strategy. As far as how we see the gross margin trending up, vertical integration certainly plays a part there, but in addition to that I think seeing capacity utilization return back to normal levels and getting through some of the additional testing that we put in place in previous quarters, all those things will also contribute to the gross margin, so it's not just one thing we need to do, we've got several knobs that we will turn to continue to see improvement in gross margin. Lee Krowl -- B. Riely FBR -- Analyst Got it. And then I guess with the Chinese facility, could you maybe just remind us when you expect it to be complete, whether that's fully encapsulated in the CapEx number you guys guided to? And then just as it relates to the Chinese market, will that position you more competitively or with better visibility building increased operations there? Stefan Murry -- Chief Financial Officer and Chief Strategy Officer So the building we expect to complete in Q1 of next year and that is included in the CapEx guide that we gave, it accounts for roughly 50% of the CapEx that we anticipate this year. That CapEx that we've guided for this year will not complete the building, as I mentioned it won't be done until Q1 of next year, so there will be some additional CapEx next year, but it's relatively small compared to the level that we're spending this year. As far as what that facility does for us, yes, I think it positions us well for the Chinese market, as we mentioned. There are some sizable markets in China, for example the 5G market I think it's going to be first active probably in China or at least certainly one of the largest markets for 5G is going to be in China. And having a Chinese -- expanded presence in China will no doubt help us in that area. And also the data center operators in China are becoming more larger scale and more advanced in their infrastructure, similar to what we've seen with some of our domestic US-based and European-based operators. And so, having the capability and expanding capability in China to be able to produce more of those advanced products in country for them will also be important to that business as well. So we think both the telecom and data center business can benefit from that expanded presence in China. Lee Krowl -- B. Riely FBR -- Analyst Got it. Thank you for taking my questions. Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Thank you. Operator And this will conclude our question-and-answer session. I would like to turn the conference back over to Thompson Lin for any closing remarks. Thompson Lin -- Founder, Chairman, President and Chief Executive Officer Okay. And thank you for joining us today. As always, we thank our investors, customers and the employees for your continuing support and we look forward to seeing you in our upcoming conference. Operator The conference is now concluded. Thank you for attending today's presentation. You may now disconnect. Duration: 34 minutes Call participants: Maria Riley -- Investor Relations Thompson Lin -- Founder, Chairman, President and Chief Executive Officer Stefan Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Mark Kelleher -- D.A. Davidson & Co. -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Lee Krowl -- B. Riely FBR -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2019 Earnings Call May. Davidson & Co. -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Lee Krowl -- B. Riely FBR -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. In some cases, you can identify forward-looking statements by terminologies such as believes, anticipates, estimates, intents, predicts, expects, plans, may, should, could, well, or thinks and by others similar expressions that convey uncertainty of future events or outcomes.	Davidson & Co. -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Lee Krowl -- B. Riely FBR -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2019 Earnings Call May. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer.	Davidson & Co. -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Lee Krowl -- B. Riely FBR -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2019 Earnings Call May. As far as the data center market in China, as we noted on our prepared remarks, we have had a number of design wins with data center operators in China and we have some active qualifications ongoing for future -- what we hope will be future design wins in there -- in that area.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q1 2019 Earnings Call May. Davidson & Co. -- Analyst Richard Shannon -- Craig-Hallum -- Analyst Liz Pate -- Cowen and Company -- Analyst Lee Krowl -- B. Riely FBR -- Analyst More AAOI analysis All earnings call transcripts 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Our data center revenue came in at $38.5 million, compared with $50.6 million in Q1 of last year.
9631.0	2019-04-12 00:00:00 UTC	Notable Friday Option Activity: AAOI, CL, DPZ	AAOI	https://www.nasdaq.com/articles/notable-friday-option-activity-aaoi-cl-dpz-2019-04-12	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 3,107 contracts have traded so far, representing approximately 310,700 underlying shares. That amounts to about 46.8% of AAOI's average daily trading volume over the past month of 663,610 shares. Particularly high volume was seen for the $13 strike call option expiring April 18, 2019, with 659 contracts trading so far today, representing approximately 65,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $13 strike highlighted in orange: Colgate-Palmolive Co. (Symbol: CL) options are showing a volume of 14,720 contracts thus far today. That number of contracts represents approximately 1.5 million underlying shares, working out to a sizeable 46.5% of CL's average daily trading volume over the past month, of 3.2 million shares. Particularly high volume was seen for the $69 strike call option expiring April 18, 2019, with 4,928 contracts trading so far today, representing approximately 492,800 underlying shares of CL. Below is a chart showing CL's trailing twelve month trading history, with the $69 strike highlighted in orange: And Dominos Pizza Inc. (Symbol: DPZ) options are showing a volume of 4,224 contracts thus far today. That number of contracts represents approximately 422,400 underlying shares, working out to a sizeable 46.2% of DPZ's average daily trading volume over the past month, of 913,310 shares. Especially high volume was seen for the $210 strike put option expiring May 17, 2019, with 900 contracts trading so far today, representing approximately 90,000 underlying shares of DPZ. Below is a chart showing DPZ's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for AAOI options, CL options, or DPZ options, visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $13 strike call option expiring April 18, 2019, with 659 contracts trading so far today, representing approximately 65,900 underlying shares of AAOI. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 3,107 contracts have traded so far, representing approximately 310,700 underlying shares. That amounts to about 46.8% of AAOI's average daily trading volume over the past month of 663,610 shares.	Below is a chart showing AAOI's trailing twelve month trading history, with the $13 strike highlighted in orange: Colgate-Palmolive Co. (Symbol: CL) options are showing a volume of 14,720 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 3,107 contracts have traded so far, representing approximately 310,700 underlying shares. That amounts to about 46.8% of AAOI's average daily trading volume over the past month of 663,610 shares.	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 3,107 contracts have traded so far, representing approximately 310,700 underlying shares. Particularly high volume was seen for the $13 strike call option expiring April 18, 2019, with 659 contracts trading so far today, representing approximately 65,900 underlying shares of AAOI. That amounts to about 46.8% of AAOI's average daily trading volume over the past month of 663,610 shares.	Below is a chart showing DPZ's trailing twelve month trading history, with the $210 strike highlighted in orange: For the various different available expirations for AAOI options, CL options, or DPZ options, visit StockOptionsChannel.com. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 3,107 contracts have traded so far, representing approximately 310,700 underlying shares. That amounts to about 46.8% of AAOI's average daily trading volume over the past month of 663,610 shares.
9632.0	2019-03-11 00:00:00 UTC	Why Applied Optoelectronics Shares Fell 22% in February	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-shares-fell-22-february-2019-03-11	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 22.3% in February, according to data from S&P Global Market Intelligence . The vertically integrated maker of fiber-optic networking products, ranging from laser chips and components to turnkey systems, bucked the positive trend of many other stocks in the same sector due to a couple of pessimistic analyst notes and an unwelcome convertible-debt offering. So what On Feb. 12, analyst firm Rosenblatt lowered its price target on Applied Optoelectronics from $15 to $10 per share while holding firm on its sell rating. Rosenblatt analyst Jun Zhang said that the company appears to be losing market share in the crucial Facebook (NASDAQ: FB) account. Two weeks later, a disappointing fourth-quarter report fell short of analyst targets across the board, alongside pessimistic first-quarter guidance. The next day, a handful of formerly bullish analysts downgraded the stock to a hold. D.A. Davidson's Mark Kelleher thinks it will take "at least a couple of quarters" to overcome current roadblocks such as poor visibility in China and limited capacity on Applied Opto's manufacturing lines. The month ended with another sharp drop when the company proposed a $70 million batch of fresh convertible debt, or $77 million if the underwriters make full use of their overallotment options. Now what Applied Optoelectronics is doubling its debt load while knee-deep in soft sales and unpredictable short-term business prospects. It's no surprise to see the stock falling hard against this backdrop. The new debt offering, in particular, smacks of desperation. I'm not ready to give up on my bullish CAPScall on this stock quite yet, but shareholders should keep a close eye on the Facebook situation above all else. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of March 1, 2019 Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 22.3% in February, according to data from S&P Global Market Intelligence . The vertically integrated maker of fiber-optic networking products, ranging from laser chips and components to turnkey systems, bucked the positive trend of many other stocks in the same sector due to a couple of pessimistic analyst notes and an unwelcome convertible-debt offering. Rosenblatt analyst Jun Zhang said that the company appears to be losing market share in the crucial Facebook (NASDAQ: FB) account.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 22.3% in February, according to data from S&P Global Market Intelligence . So what On Feb. 12, analyst firm Rosenblatt lowered its price target on Applied Optoelectronics from $15 to $10 per share while holding firm on its sell rating.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 22.3% in February, according to data from S&P Global Market Intelligence . The vertically integrated maker of fiber-optic networking products, ranging from laser chips and components to turnkey systems, bucked the positive trend of many other stocks in the same sector due to a couple of pessimistic analyst notes and an unwelcome convertible-debt offering. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 22.3% in February, according to data from S&P Global Market Intelligence . Rosenblatt analyst Jun Zhang said that the company appears to be losing market share in the crucial Facebook (NASDAQ: FB) account. * David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9633.0	2019-02-27 00:00:00 UTC	Notable Wednesday Option Activity: ADSK, AAOI, BOX	AAOI	https://www.nasdaq.com/articles/notable-wednesday-option-activity-adsk-aaoi-box-2019-02-27	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Autodesk Inc. (Symbol: ADSK), where a total of 6,607 contracts have traded so far, representing approximately 660,700 underlying shares. That amounts to about 44.4% of ADSK's average daily trading volume over the past month of 1.5 million shares. Especially high volume was seen for the $150 strike call option expiring March 15, 2019 , with 625 contracts trading so far today, representing approximately 62,500 underlying shares of ADSK. Below is a chart showing ADSK's trailing twelve month trading history, with the $150 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,895 contracts, representing approximately 489,500 underlying shares or approximately 43.6% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $20 strike put option expiring June 21, 2019 , with 700 contracts trading so far today, representing approximately 70,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $20 strike highlighted in orange: And Box Inc (Symbol: BOX) options are showing a volume of 8,910 contracts thus far today. That number of contracts represents approximately 891,000 underlying shares, working out to a sizeable 43% of BOX's average daily trading volume over the past month, of 2.1 million shares. Especially high volume was seen for the $25 strike call option expiring March 15, 2019 , with 1,824 contracts trading so far today, representing approximately 182,400 underlying shares of BOX. Below is a chart showing BOX's trailing twelve month trading history, with the $25 strike highlighted in orange: For the various different available expirations for ADSK options , AAOI options , or BOX options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $20 strike put option expiring June 21, 2019 , with 700 contracts trading so far today, representing approximately 70,000 underlying shares of AAOI. Below is a chart showing ADSK's trailing twelve month trading history, with the $150 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,895 contracts, representing approximately 489,500 underlying shares or approximately 43.6% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $20 strike highlighted in orange: And Box Inc (Symbol: BOX) options are showing a volume of 8,910 contracts thus far today.	Below is a chart showing ADSK's trailing twelve month trading history, with the $150 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,895 contracts, representing approximately 489,500 underlying shares or approximately 43.6% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $20 strike highlighted in orange: And Box Inc (Symbol: BOX) options are showing a volume of 8,910 contracts thus far today. Particularly high volume was seen for the $20 strike put option expiring June 21, 2019 , with 700 contracts trading so far today, representing approximately 70,000 underlying shares of AAOI.	Below is a chart showing ADSK's trailing twelve month trading history, with the $150 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,895 contracts, representing approximately 489,500 underlying shares or approximately 43.6% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $20 strike put option expiring June 21, 2019 , with 700 contracts trading so far today, representing approximately 70,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $20 strike highlighted in orange: And Box Inc (Symbol: BOX) options are showing a volume of 8,910 contracts thus far today.	Below is a chart showing ADSK's trailing twelve month trading history, with the $150 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,895 contracts, representing approximately 489,500 underlying shares or approximately 43.6% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $20 strike put option expiring June 21, 2019 , with 700 contracts trading so far today, representing approximately 70,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $20 strike highlighted in orange: And Box Inc (Symbol: BOX) options are showing a volume of 8,910 contracts thus far today.
9634.0	2019-02-21 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q4 2018 Earnings Conference Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q4-2018-earnings-conference-call-transcript-2019-02-21	nan	nan	Applied Optoelectronics, Inc. (NASDAQ: AAOI) Q4 2018 Earnings Conference Call February 21, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon. I will be your conference operator. At this time, I would like to welcome everyone to Applied Optoelectronics fourth quarter and year 2018 earnings conference call . All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. To ask a question, please press * then 1 on your telephone keypad. To withdraw your question, please press * then 2. Please note this call is being recorded. I would now like to turn the call over to Maria Riley, Investor Relations for AOI. Ms. Riley, you may begin. Maria Riley-- Investor Relations Thank you. I'm Maria Riley, Applied Optoelectronics Investor Relations. And I'm pleased to welcome you to AOI's fourth quarter and year 2018 financial results conference call. After the market closed today, AOI issued a press release announcing its fourth quarter and year 2018 results and provided its outlook for the first quarter of 2019. The release is also available on the company's website at ao.inc.com. This call is being recorded and webcast live. A link to the recording can be found on the investor relations page at the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's founder, chairman, and CEO and Dr. Stefan Murry, AOI's chief financial officer and chief strategy officer. Thompson will give an overview of AOI's Q4 results. And Stefan will provide financial details and the outlook for the first quarter 2019. A question and answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's Safe Harbor Statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations which could cause the company's actual results to differ materially from those anticipated in such forward-looking statements. You can identify forward-looking statements by terminology such as may, will, should, expect, plan, anticipate, believe, or estimate, and by other similar expressions. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of this earning call, to confirm these statements to actual results, or to changes in the company's expectations. More information about other risks that may impact the company's business are set forth in the risk factor section of the company's reports on file with the SEC. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks Stock Advisor returns as of January 31, 2019 Also, all financial numbers discussed today are on a non-GAAP basis unless specially noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as a discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that we will host an investor session at OFC on March 5th at the San Diego convention center. This discussion will be webcast live. And a link to the webcast will be available on the investor relations page of the AOI website. We hope to have the opportunity to see many of you there. Lastly, I'd like to note the date of our first quarter of 2019 earnings call is currently scheduled for Wednesday, May 8th, 2019. Now I would like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics founder, chairman, and CEO. Thompson? Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Thank you, Maria. Good afternoon, everyone. And thank you for joining us today. We are summarizing our performance in the quarter with delivered on CAD revenue of $58.9 million and on CAD EPS of a loss of $0.02 which was in line with our guidance. However, our gross margin was below expectations as we incurred higher than anticipated costs to resolve the inventory issues we experienced last quarter. Looking ahead, we expect gross margin to begin to gradually improve starting this quarter. For the year, AOI delivered revenue of $268.4 million generated across a margin of 35.5% and on CAD earning of $1.04 per diluted share. For 2018, that is changed for the whole optics market and for AOI. I would like to note a few of our accomplishments that we believe have strengthened our position in the long-term. First, while our customer praise continue to be concentrated, we have made progress in our initiate to broaden this space. This started with a large purchase commitment early in the year from a sure hyperscale data center customer based in the US. And during the summer, we came up design win with large data center operator in China. Diversifying our customer base is a top priority for AOI. And we are pleased with the progress we made on this front in 2018. All in for the year, we secured a total of 26 new design wins of which, 12 were with new customers, including a large US base data center customer that we secured this quarter. This compares favorably with 2017 where we had 19 design wins in total and 10 with new customers. We believe that in this size, we appraise on diversifying our customer base has continued to bear fruit. Second, we continue to demonstrate our strong commitment to our customers. Quiet times must require us to make difficult choices. With near-term 12, we believe that our focus on our customers, we are enduring relationships that can continue to develop in 2019 and beyond. I'm proud to say that we have maintained all of our top customers. Third, we continue to innovate and expand our technology dealership in advanced optics. This included our advance in 200G and 400G in the data center and Remote-PHY for our CATV customers. Just last month, we released a silicon photonics base, two 400G optical module. That is now currently available for customers importing. This technology preform will enable our data center customers to scale the infrastructure beyond 400G to automatically 1.6 terabits per second. The customer response has been very positive for our leading age suite of products. We've been confident in our ability to monetize our innovation as the market evolves and adopts next-generation technologies. Fourth, we continue our market diversification efforts by shipping product to our telecom customers to be tested for use in next-generation 5G mobile networks. Many of these 5G optical products will need to perform well under demanding, although premature conditions. And we believe that our experience in manufacturing optical devices used in similar condition for CATV applications will have us secure a foothold in this market. While we are still early in the 5G cycle, we believe 5G will be significant driver of the high-speed optical component market likely starting later this year. Overall, we are pleased with the technical achievement we have made this year, the progress we met in expanding our customer base, and our continued support of our existing customers. I wanna thank the AOI team for their hard work and dedication this year. Before I turn the call over to Stefan to discuss our results in more detail, I would like to make a few comments on the market dynamics we currently see in the data center market. There are other industry player has commanded in recent weeks about the poor visibility in China and the excess inventory situation in the data center market. We are not immune to these dynamics. It is clear from our conversation, we saw how to scale data center customers. But inventory in the supply chain has gotten ahead of deployment due, in part, to a transition to 100G. While it is still early in the year and visibility is limited, we believe that the second half of 2019 will be stronger than the first as inventory is warped down over the next couple quarters. Therefore, have seen some of our data center customers in China taking a more conservative approach in their CapEx deployment due to concerns of slowing economic growth in the country. However, because of this factor, we are shortening outlook, and out-of-line trends driving demands for our product has not changed nor has our status with our customers. We serve some of the most dynamic and revelatory, evolving companies in the world and believe their need for high-speed computing power we make elementary for their business. With the technology we have developed and plan to bring to market, we believe we are in a strong competitive position to address our customers' needs as the many prove. We remain focused on building on our strong foundation as a leader in the events optical technology and expanding our footprint within the market. With that, I will turn the call over to Stefan to review the details of our Q4 performance and outlook for next quarter. Stefan? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Thank you, Thompson. Non-GAAP revenue for the fourth quarter was $58.9 million which was in-line with our guidance range of $56 million to $63 million. Our data center revenue came in at $42.6 million compared with $62 million in Q4 of last year. In the quarter, 60% of our data center revenue was derived from our 100G data center products. And 38% was from our 40G products. Our production capacity remained constrained in the quarter due to the additional product testing steps we implemented last quarter to screen for any potentially troublesome laser devices from our inventory, including work in process. As discussed last quarter, we identified and remedied the root cause of the problem that affected a small number of our lasers. And we added additional testing steps including temporary steps to screen existing inventory. We remain on track to return to normal lead times by the end of this quarter. This quarter, we also issued a $900,000.00 credit to a customer. We expect this credit to be non-recurring and have therefore adjusted it out of our GAAP revenue. As Thompson mentioned, based on conversations with our hyperscale and data center customers, we believe there was some inventory buildup in the supply chain as customers transitioned to 100G. we believe this will obfuscate demand and visibility in 2019. We currently expect demand in the first two quarters of the year will be sequentially down from our most recent quarters. We currently expect the second half of the year to improve over the first. However, we are still early in the year, and visibility is limited. We continue to ship to and have good relationships with all of our hyperscale customers and believe we are in a solid position to expand our business with them when market conditions improve. We continue to have strong technical engagement with our customers and are making good progress on developing our next generation of data center products. Last month, we announced the release of a silicon photonics base 400G optical module that is now currently available for customer sampling. These modules adhere to the requirements of onboard optics and incorporate several new technologies, including an advanced silicon photonics-based optical subassembly that is the result of years of R&D effort by AOI and our technology partners. This next generation module is significant because the suite of technologies it incorporates will enable future similar modules to scale beyond 400G, ultimately to 1.6 terabits per second, thereby enabling continued scaling of our customers' infrastructure. We gathered very positive feedback while demonstrating early prototypes at the European conference on optical communications last year and look forward to seeing the custom response after showcasing this technology at OFC next month. We believe the new and innovative technologies that we have developed and cost reduction efforts position us well to continue to expand the reach of our products to a broad group of data center customers and diversify our customer base. While we will always rely on a relatively concentrated number of customers, diversifying our customer base remains a top priority. In the quarter, we had three design wins including one with a large US-based data center customer which is a new customer to AOI. This brings our total number of design wins to 26 for the year, including 12 with new customers to AOI. This exceeds our 2017 totals in both number of design wins and new customer wins, demonstrating the effectiveness of our continuing efforts to diversify our customer base. In our cable television business, we remain encouraged by the customer activity in this market. We generated revenue of $12.7 million compared with $14.3 million reported in Q4 of last year. This was a result of some weakness in demand, mainly in Europe and Asia partially offset by demand from North American MSOs. In the quarter, we started to ship volume orders for our Remote-PHY product. And we remained in active qualification trials with four additional customers for this technology. Our telecom products delivered revenue of $2.8 million compared with $3.2 million in Q4 of last year. For the quarter, 72% of our revenue was from data center products, 21% from CATV products with the remaining 7% from FTTH, telecom, and other. In the quarter, we had four 10% or greater customers, three in the data center business that contributed 38%, 18%, and 11% of total revenue respectively, and one in the CATV business that contributed 11% of total revenue. For the year 2018, these same four customers represented 39%, 22%, 12%, and 10%, respectively, of total revenue. Moving beyond revenue, in the quarter, we generated gross margin of 24.7% compared with the 34% recorded last quarter. Our gross margin came in below our expectation due to higher than anticipated costs incurred while we worked to resolve the inventory issue we experienced last quarter. Looking ahead, we expect gross margin to improve gradually starting this quarter. Total operating expenses in the quarter were $18.7 million or 31.8% of revenue compared with $22.8 million or 40.4% of revenue in the prior quarter. In the quarter, our operating expenses decreased sequentially due to lower bonus accruals as a result of our performance in the year. Operating loss in Q4 was $4.2 million compared with an operating loss of $3.6 million in the prior quarter. Non-GAAP net loss after tax for the fourth quarter was $0.5 million or a loss of $0.02 per basic share compared with a net income of $17.9 million or $0.89 per diluted share in Q4 of 2017. GAAP net loss for Q4 was $8.6 million or a loss of $0.43 per basic share compared with a GAAP net income of $5.7 million or $0.28 per diluted share in Q4 of last year. The basic shares outstanding used for computing the net loss in Q4 were 19.8 million shares. Turning now to the balance sheet, we ended Q4 with $58 million in total cash, cash equivalents, short-term investments, and restricted cash compared with $64.1 million at the end of the previous quarter. As of December 31, we have $93.3 million in inventory, a decrease from $107.9 million in Q3. Our cash balance reflects the use of approximately $11.6 million in cash to fund operations during the quarter. We made a total of $19.6 million in capital investments in the quarter including $17.2 million in production equipment and machinery and $1.6 million on construction and building improvements. This brings our total capital investments for the year to approximately $77.4 million which was below our most recent $90 million CapEx forecast as we reduced purchases of certain equipment to maintain production volume in line with demand while, at the same time, investing in the additional testing equipment needed to meet the new testing requirements implemented last quarter. Looking ahead, we expect capital expenditures in 2019 to be approximately $56 million which factors in a continuation of the construction of our new factory in China. We continue to monitor end market conditions and may adjust our spending plans as necessary. Our total debt at year-end was $84 million, up from approximately $50 million at the end of 2017. Much of this debt is associated with our capital expansion activities with maturities extending out several years. Just as we continuously monitor our spending plans to match market conditions, we regularly assess our capital structure to ensure we have the right mix of funding for current operations and future expansion. Moving now to our Q1 outlook, we expect Q1 revenue to be between $50 million and $55 million. We expect Q1 non-GAAP gross margin to be in the range of 26.5% to 28.5%. Net loss is expected to be in the range of $3.7 million to $5.8 million and non-GAAP loss per share between $0.18 per share and $0.29 per share using a weighted average basic share count of approximately 19.9 million shares. We expect our Q1 effective tax rate on our non-GAAP net income to be between 32% and 40%. With that, I will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator We will now begin the question and answer session. To ask a question, you may press the n1 on your touchtone phone. If using a speakerphone, please pick up your handset before pressing the keys. To withdraw your question, please press * then 2. Our first question is from Simon Leopold at Raymond James. SimonLeopold-- Raymond James & Associates -- Analyst Thank you for taking the question here. I think that you made this in the prepared remarks. But I just wanna make sure that I clarify. I believe you stated that your relationships with your key web-scale customers remain sound. I know there's been a lot of speculation that the Facebook deal that you talked about a year ago has either been revised or changed or canceled. Could you just clarify your standing with Facebook, please? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Yeah, Simon. So, I can't obviously comment due to non-disclosure agreements on specific individual customers. However, as we pointed out in our prepared remarks, and I'll say again, we believe all of our major, hyperscale data center customer relationships remain intact. SimonLeopold-- Raymond James & Associates -- Analyst Great. And just to follow on, when you talked about the inventory that's in the channel, is this concentrated with one customer, two customers, three customers? How should we think about the concentration of the inventory buildup you referred to? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Well, I think, first of all, we're not the only company that's talked about this a little bit. I think what we're seeing is consistent across the industry. But we see some buildup of inventory across multiple customers, obviously to a greater or lesser extent depending on which customer you're talking about. SimonLeopold-- Raymond James & Associates -- Analyst Thanks. And one last one if I might. You recently filed an 8K regarding modifying some loan agreements, a credit line, credit agreement. And one sentence in there caught my attention that the bank is asking for monthly financial reports rather than quarterly reports. That surprised me. That's a classic yellow flag that somebody's concerned about cash flow. Could you help us understand what was behind that? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Actually, the bank has requesting that for some time. And I previously agreed to it at some point when we did another loan agreement. I didn't wanna amend just for that one item. I don't think there's really much more to it than that. SimonLeopold-- Raymond James & Associates -- Analyst Okay. Thank you for taking the questions. Operator Next question is from Fahad Najam at Cowen. Fahad Najam-- Cowen & Co. -- Analyst Thanks for taking my question. Stefan, if you could help us understand in terms of the broader picture the dynamics in 100-gig PSM for the pricing environment and then also the pricing environment by CWDF or do you see the same level of height in price decline that you saw last year? Is it beginning to normalize? And maybe you can be a little bit more gradual about product markets that might help us understand what's happening beyond the inventory issues. Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Yeah. Well, Fahad, as you know, we don't guide more than one quarter out and generally not on a product by product basis. I think overall, in terms of pricing, what we expect to see this year is for pricing declines to be similar to what they were last year, perhaps a little bit less but about the same number. And as far as how that's gonna break out between CWDM and PSM, it's -- again, we're not gonna give that guidance on that granular basis. Fahad Najam-- Cowen & Co. -- Analyst If I may ask you -- speaking with the broader picture, there have been a certain degree of consolidation in this space. Luxtera got acquired by Cisco which is a customer of yours for your TV products. You've got acquired by Momentum. ColorChip, which was in the process of being sold to some Chinese buyers apparently now in financial distress. To that extent, any change in the market and competitive dynamics? Are you seeing a noticeable development in that front? And also, can you comment on any prospective risk of share losses that your customers -- do you think you are maintaining your share? Or is it just purely a function of quarterly as the gross? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Okay. So, there's a couple questions embedded in there. I'll try to address them one at a time. First of all, regarding the broader topic of consolidation, I think it's fair to say that customers generally wanna have a variety of suppliers to choose from. When that group shrinks, they have less choice. And perhaps that could bode well for AOI. But I think ultimately, their decision is really based on the same kind of decision-making metrics that they've always used in the past and that we've always talked about, things like the technology roadmap, how well your roadmap aligns with their future needs and price and quality, things like that. So, on balance, I think the consolidation is probably neutral. But it doesn't hurt AOI I would say. You asked specifically about Luxtera or Cisco's acquisition of Luxtera. I think I can just say on that front that AOI hasn't supplied any products to Cisco that would compete with Luxtera's products. As you mentioned in your question, we're a supplier mainly of cable TV products. And to my knowledge, Luxtera didn't have any of those products. So, I don't' think there's really any risk to AOI's business there. And there was one more question in there. I forgot what it was. I'm sorry. Could you ask -- Fahad Najam-- Cowen & Co. -- Analyst If you could comment on your respective share at your hyperscale customers. Do you think you're maintaining share at each other's customers? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer So, again, we obviously can't comment on specific customers. What I could say is we have very good relationships with all of our large hyperscale customers, as we mentioned in our prepared remarks. And I think what we're really excited about now is as those customers start to look ahead to 200G and, particularly, 400G, the level of discussion that we're having, very detailed discussion and the tenor of that discussion I think is very promising for us. So, we're excited about that transition. And I think there's no indication that we're not gonna be a major part of our customer's plans both in the nearer term and in the longer term. Fahad Najam-- Cowen & Co. -- Analyst Appreciate the answers. I'll cede the floor. Operator Once again, to ask a question, you may press * then 1 on your touchtone phone. Our next question comes from Dave Kang at B Riley. Lee Kroll-- B Riley -- Analyst Hey, guys. This is actually Lee Kroll filling in for Dave Kang. Thanks for taking my questions. First off, I just wanted to ask -- maybe it's a little more trivial. But with this tepid near-term demand trend, is it your expectation that you'll still be able to double 100G volume in 2019 relative to your prior comments? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer When we say that the demand picture in the second half of the year particularly is uncertain, that's exactly what we mean. And I wouldn't wanna put a mark on the map, so to speak, in terms of where we think we can go. The near-term demand is looking muted. That's for sure. There are some very positive developments that could happen in the second half of the year that we're working through with some of our customers to try to see how that goes. We've talked in the last few earnings calls -- and actually, if you go back for a year or so -- about an increasing cadence of new design wins. And to the extent that some of those design wins could start to contribute, particularly later in the year, that could be very exciting. But again, the visibility is limited, as we said, and I wouldn't wanna give you an indication based on that limited visibility. Lee Kroll-- B Riley -- Analyst Got it. And then I guess you sort of answered it, but you indicated Q1 kicks down leading into Q2 indicating the trough in terms of revenue. But are there any specific demand drivers in the second half you could point to that would give you the confidence that revenue could grow sequentially in Q3? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Yeah. We're hearing indications of early adoption of 400-gig technology by certain customers, for example. And we're also very excited about the progress that we're making in terms of 5G technology. Now that's probably more of a 2020 thing. But that telecom market is one where we haven't been a major player previously. And I think it doesn't take a lot of design wins and sales into that market to really improve our dynamic there. We talked also about Remote-PHY. I think there's every indication in the cable TV market that Remote-PHY technology is gonna be a bigger part of the second half of the year certainly than it is in the first. So, there's a number of positive demand trends there. I think counterbalancing that obviously is the uncertainty surrounding, particularly, China. Again, we're certainly not the only company that's talked about an uncertain demand environment in China. I think many of our customers there are looking at the potential of a slowing economy over there and reevaluating their plans around what they think that means for their business. And they're all in a process of trying to make that determination. And so, I suppose the upside of the number of design wins and things that we have. The downside risk is we're not quite sure how things in China are gonna go. I will point out, in terms of China, historically, we have not been -- a large percentage of our revenue has not derived from China. A number of our newer design wins have been, however, in China. And so, it's not so much that we're gonna be losing the existing business there but that some of the design wins that we expected to kick in earlier in the year now look like they may be a little later in the year. And the extent to which they occur is a little difficult to calibrate at this point. Lee Kroll-- B Riley -- Analyst Got it. And then just a last one from me. Could you maybe talk about the inventory situation and maybe delineate the inventory backup in the channel 40G relative to 100G? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer I think the inventory backup is probably more about 100G than it is about 40G. But I can't really quantify that exact backup for you. Lee Kroll-- B Riley -- Analyst Got it. Thank you for taking my questions. Operator The next question is from Richard Shannon at Craig-Hallum. Richard Shannon-- Craig-Hallum -- Analyst Thanks, Thompson and Stefan for taking my questions. I apologize. I jumped on the call a little late. So, I may have missed some things. First of all, Stefan, did I hear you say that 100-gig was 72% of data center? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer I believe that's right. Let me just check the number here. Data center was 72% of our revenue. Are you asking about 100-gig versus 40-gig? Richard Shannon-- Craig-Hallum -- Analyst Yes, please. Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Let's find that number for you. Sixty percent of our data center revenue is from 100-gig and 38% from 40-gig. Richard Shannon-- Craig-Hallum -- Analyst Okay. So, 60%'s up quite a bit from 34% the prior quarter then, right? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer That's correct. Yup. Richard Shannon-- Craig-Hallum -- Analyst Okay. Excellent. This year, you talked about a design win with a large US data center customer. Can you describe that in any detail, like specifically on speed and how you expect that to progress to eventually generating volume revenues there? Stefan Murry-- Chief Financial Officer & Chief Strategy Officer I can't give too many details, as you can imagine. We're under a non-disclosure agreement with this customer. But the customer I would -- I would classify this customer as a recognizable name. But it's not one that is as big, in terms of scale, as some of our other, larger hyperscale data center customers. So, this is a smaller customer. And its likely to not be contributing as meaningfully, certainly, as some of our other, larger data center customers. However, I think it's worth pointing out that what we're really trying to demonstrate here is that our efforts toward broadening our customer base are being successful. So, we're adding new customers. We're getting design wins and new business coming from these customers. And yes, it's fair to say that many of those customers aren't gonna be as big as some of our previously announced large, hyperscale customers. There just aren't that many of those types of customers out there. But over time, incrementally, with a lot of hard work and attention to these customers' needs, we're managing to gain a strong foothold in a wider swath of customers which I think, long-term, is really what's very healthy for AOI. Richard Shannon-- Craig-Hallum -- Analyst Okay. That's helpful. Thanks for that. A couple more from me. Stefan, can you help us understand the exposure -- I don't know if you wanna talk about it in terms of when you'll see it or at the end of the year, whatever. But your contributions you could see from 200-gig and 400-gig. Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Yeah. I think we've been pretty consistent in saying the 200-gig is gonna be a relatively small market. I think we're not seeing -- there are a few customers who are certainly interested in it, some who have purchased from us or are purchasing from us. But I think it's likely to remain a relatively small part of the market. I think 400-gig is a much bigger potential market. I think that's the next stepping stone for a lot of our customers. And as I've said earlier, I think we see a lot of interest in 400-gig from some customers. Some customers are indicating that they would like to see that 400-gig in production later in the year. And we'll see. We're certainly working very hard to achieve that timeframe. And I'm sure our competitors are as well so that hopefully, that ecosystem will be there. And hopefully, the customer decides to take that leap because I think it's an important stepping stone for AOI and the industry. Richard Shannon-- Craig-Hallum -- Analyst Okay. Helpful. My last question, probably for you, Stefan, on gross margins. I don't have all the details given I was just traveling to get to my office here. But how should we think about gross margins trending from the levels of first quarter guidance? I think you said it's gonna grow in the second quarter. And then thinking about the context of where you have been the last couple quarters and your previously communicated goals of -- I think it was in the high-30s or low-40s. I honestly can't remember. If you can help us think about the context of gross margins with that, that'd be great, please. Stefan Murry-- Chief Financial Officer & Chief Strategy Officer Yeah. So, we do expect gross margins to gradually improve starting this quarter. And I think a lot of the uncertainty that we have regarding revenue and general market conditions also extends a little bit to gross margin. But I think generally speaking, what we'd expect to see is improvement in gross margins throughout the year. In order to get to those higher gross margins, we need to work our way through all the additional testing measures that we talked about. As we said in our prepared remarks, that should be largely finished by the end of this quarter. And we're gonna continue insourcing more of the building materials that we've been building in line with our previous goals. I think some of those insourcing efforts took a backseat toward the additional testing and implementing some of the changes to our processes that needed to be implemented. And as we resume that, I think we'll be able to see some of the benefits of that falling to the gross margin line as well. And as far as where we see gross margins going in the future, again, I think the range of high-30s to low-40s is an achievable range for us. I don't wanna put a timeframe on when we can get there, but I think it's achievable. Richard Shannon-- Craig-Hallum -- Analyst Okay. Thank you for that. That's all the questions from me. I'll jump out of line. Operator At this time, we show no further questions. And I will turn the call over to Dr. Thompson Lin for closing remarks. Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Okay. Thank you for joining us today. As always, we thank our investors, customers, and employees for your continued support. Operator The conference is now concluded. Thank you for attending today's presentation. You may now disconnect. Duration: 38 minutes Call participants: Maria Riley-- Investor Relations Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Stefan Murry-- Chief Financial Officer & Chief Strategy Officer SimonLeopold-- Raymond James & Associates -- Analyst Fahad Najam-- Cowen & Co. -- Analyst Lee Kroll-- B Riley -- Analyst Richard Shannon-- Craig-Hallum -- Analyst More AAOI analysis This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of January 31, 2019 Motley Fool Transcription has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics, Inc. (NASDAQ: AAOI) Q4 2018 Earnings Conference Call February 21, 2019, 4:30 p.m. Duration: 38 minutes Call participants: Maria Riley-- Investor Relations Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Stefan Murry-- Chief Financial Officer & Chief Strategy Officer SimonLeopold-- Raymond James & Associates -- Analyst Fahad Najam-- Cowen & Co. -- Analyst Lee Kroll-- B Riley -- Analyst Richard Shannon-- Craig-Hallum -- Analyst More AAOI analysis This article is a transcript of this conference call produced for The Motley Fool. We gathered very positive feedback while demonstrating early prototypes at the European conference on optical communications last year and look forward to seeing the custom response after showcasing this technology at OFC next month.	Duration: 38 minutes Call participants: Maria Riley-- Investor Relations Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Stefan Murry-- Chief Financial Officer & Chief Strategy Officer SimonLeopold-- Raymond James & Associates -- Analyst Fahad Najam-- Cowen & Co. -- Analyst Lee Kroll-- B Riley -- Analyst Richard Shannon-- Craig-Hallum -- Analyst More AAOI analysis This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics, Inc. (NASDAQ: AAOI) Q4 2018 Earnings Conference Call February 21, 2019, 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Good afternoon.	Duration: 38 minutes Call participants: Maria Riley-- Investor Relations Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Stefan Murry-- Chief Financial Officer & Chief Strategy Officer SimonLeopold-- Raymond James & Associates -- Analyst Fahad Najam-- Cowen & Co. -- Analyst Lee Kroll-- B Riley -- Analyst Richard Shannon-- Craig-Hallum -- Analyst More AAOI analysis This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics, Inc. (NASDAQ: AAOI) Q4 2018 Earnings Conference Call February 21, 2019, 4:30 p.m. All in for the year, we secured a total of 26 new design wins of which, 12 were with new customers, including a large US base data center customer that we secured this quarter.	Duration: 38 minutes Call participants: Maria Riley-- Investor Relations Thompson Lin-- Founder, Chairman, President & Chief Executive Officer Stefan Murry-- Chief Financial Officer & Chief Strategy Officer SimonLeopold-- Raymond James & Associates -- Analyst Fahad Najam-- Cowen & Co. -- Analyst Lee Kroll-- B Riley -- Analyst Richard Shannon-- Craig-Hallum -- Analyst More AAOI analysis This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics, Inc. (NASDAQ: AAOI) Q4 2018 Earnings Conference Call February 21, 2019, 4:30 p.m. Before I turn the call over to Stefan to discuss our results in more detail, I would like to make a few comments on the market dynamics we currently see in the data center market.
9635.0	2019-02-21 00:00:00 UTC	Earnings Reaction History: Applied Optoelectronice Inc, 72.7% Follow-Through Indicator, 15.5% Sensitive	AAOI	https://www.nasdaq.com/articles/earnings-reaction-history-applied-optoelectronice-inc-727-follow-through-indicator-155	nan	nan	Expected Earnings Release: 02/21/2019, After-hours Avg. Extended-Hours Dollar Volume: $26,454,380 Applied Optoelectronice Inc ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Data provided by the MT Pro service at MTNewswires.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $26,454,380 Applied Optoelectronice Inc ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $26,454,380 Applied Optoelectronice Inc ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Extended-Hours Dollar Volume: $26,454,380 Applied Optoelectronice Inc ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%.
9636.0	2019-02-19 00:00:00 UTC	Notable Tuesday Option Activity: AAOI, WRLD, FSLR	AAOI	https://www.nasdaq.com/articles/notable-tuesday-option-activity-aaoi-wrld-fslr-2019-02-19	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 8,666 contracts have traded so far, representing approximately 866,600 underlying shares. That amounts to about 120.6% of AAOI's average daily trading volume over the past month of 718,505 shares. Particularly high volume was seen for the $14 strike put option expiring February 22, 2019 , with 1,449 contracts trading so far today, representing approximately 144,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $14 strike highlighted in orange: World Acceptance Corp. (Symbol: WRLD) options are showing a volume of 900 contracts thus far today. That number of contracts represents approximately 90,000 underlying shares, working out to a sizeable 114.6% of WRLD's average daily trading volume over the past month, of 78,565 shares. Particularly high volume was seen for the $95 strike put option expiring March 15, 2019 , with 265 contracts trading so far today, representing approximately 26,500 underlying shares of WRLD. Below is a chart showing WRLD's trailing twelve month trading history, with the $95 strike highlighted in orange: And First Solar Inc (Symbol: FSLR) saw options trading volume of 15,559 contracts, representing approximately 1.6 million underlying shares or approximately 109.6% of FSLR's average daily trading volume over the past month, of 1.4 million shares. Especially high volume was seen for the $60 strike call option expiring February 22, 2019 , with 1,627 contracts trading so far today, representing approximately 162,700 underlying shares of FSLR. Below is a chart showing FSLR's trailing twelve month trading history, with the $60 strike highlighted in orange: For the various different available expirations for AAOI options , WRLD options , or FSLR options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $14 strike put option expiring February 22, 2019 , with 1,449 contracts trading so far today, representing approximately 144,900 underlying shares of AAOI. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 8,666 contracts have traded so far, representing approximately 866,600 underlying shares. That amounts to about 120.6% of AAOI's average daily trading volume over the past month of 718,505 shares.	Particularly high volume was seen for the $14 strike put option expiring February 22, 2019 , with 1,449 contracts trading so far today, representing approximately 144,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $14 strike highlighted in orange: World Acceptance Corp. (Symbol: WRLD) options are showing a volume of 900 contracts thus far today. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 8,666 contracts have traded so far, representing approximately 866,600 underlying shares.	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 8,666 contracts have traded so far, representing approximately 866,600 underlying shares. Particularly high volume was seen for the $14 strike put option expiring February 22, 2019 , with 1,449 contracts trading so far today, representing approximately 144,900 underlying shares of AAOI. That amounts to about 120.6% of AAOI's average daily trading volume over the past month of 718,505 shares.	Particularly high volume was seen for the $14 strike put option expiring February 22, 2019 , with 1,449 contracts trading so far today, representing approximately 144,900 underlying shares of AAOI. Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Applied Optoelectronics Inc (Symbol: AAOI), where a total of 8,666 contracts have traded so far, representing approximately 866,600 underlying shares. That amounts to about 120.6% of AAOI's average daily trading volume over the past month of 718,505 shares.
9637.0	2019-02-14 00:00:00 UTC	Applied Optoelectronics (AAOI) Dips More Than Broader Markets: What You Should Know	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-dips-more-than-broader-markets%3A-what-you-should-know-2019-02	nan	nan	In the latest trading session, Applied Optoelectronics (AAOI) closed at $14.72, marking a -1.47% move from the previous day. This change lagged the S&P 500's daily loss of 0.27%. Meanwhile, the Dow lost 0.41%, and the Nasdaq, a tech-heavy index, added 0.09%. Prior to today's trading, shares of the maker of fiber optic products used by cable TV providers had lost 6.33% over the past month. This has lagged the Computer and Technology sector's gain of 7.6% and the S&P 500's gain of 6.26% in that time. AAOI will be looking to display strength as it nears its nex t earnings release, which is expected to be February 21, 2019. On that day, AAOI is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 104.49%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $60.78 million, down 23.9% from the year-ago period. Any recent changes to analyst estimates for AAOI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AAOI is currently a Zacks Rank #3 (Hold). Valuation is also important, so investors should note that AAOI has a Forward P/E ratio of 10.94 right now. This represents a discount compared to its industry's average Forward P/E of 16.22. Also, we should mention that AAOI has a PEG ratio of 0.73. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Semiconductors industry currently had an average PEG ratio of 1.36 as of yesterday's close. The Electronics - Semiconductors industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 141, putting it in the bottom 45% of all 250+ industries. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. You can find more information on all of these metrics, and much more, on Zacks.com. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	In the latest trading session, Applied Optoelectronics (AAOI) closed at $14.72, marking a -1.47% move from the previous day. AAOI will be looking to display strength as it nears its nex t earnings release, which is expected to be February 21, 2019. On that day, AAOI is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 104.49%.	In the latest trading session, Applied Optoelectronics (AAOI) closed at $14.72, marking a -1.47% move from the previous day. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. AAOI will be looking to display strength as it nears its nex t earnings release, which is expected to be February 21, 2019.	In the latest trading session, Applied Optoelectronics (AAOI) closed at $14.72, marking a -1.47% move from the previous day. AAOI will be looking to display strength as it nears its nex t earnings release, which is expected to be February 21, 2019. On that day, AAOI is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 104.49%.	On that day, AAOI is projected to report earnings of -$0.04 per share, which would represent a year-over-year decline of 104.49%. In the latest trading session, Applied Optoelectronics (AAOI) closed at $14.72, marking a -1.47% move from the previous day. AAOI will be looking to display strength as it nears its nex t earnings release, which is expected to be February 21, 2019.
9638.0	2019-02-12 00:00:00 UTC	Mellanox (MLNX) Hits 52-Week High, Can the Run Continue?	AAOI	https://www.nasdaq.com/articles/mellanox-mlnx-hits-52-week-high-can-the-run-continue-2019-02-12	nan	nan	Have you been paying attention to shares of Mellanox Technologies (MLNX)? Shares have been on the move with the stock up 18.2% over the past month. The stock hit a new 52-week high of $99.79 in the previous session. Mellanox Technologies has gained 7.6% since the start of the year compared to the 9.9% move for the Zacks Computer and Technology sector and the 9.7% return for the Zacks Electronics - Semiconductors industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its las t earnings report on January 30, 2019, Mellanox reported EPS of $1.42 versus consensus estimate of $1.31 while it beat the consensus revenue estimate by 1.66%. For the current fiscal year, Mellanox is expected to post earnings of $6.22 per share on $1.25 billion in revenues. This represents a 24.15% change in EPS on a 14.5% change in revenues. For the next fiscal year, the company is expected to earn $7.09 per share on $1.39 billion in revenues. This represents a year-over-year change of 14.15% and 11.2%, respectively. Valuation Metrics Mellanox may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself. On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style. Mellanox has a Value Score of D. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B. In terms of its value breakdown, the stock currently trades at 16X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 33.4X versus its peer group's average of 10.5X. Additionally, the stock has a PEG ratio of 0.86. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Mellanox currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Mellanox passes the test. Thus, it seems as though Mellanox shares could have potential in the weeks and months to come. How Does Mellanox Stack Up to the Competition? Shares of Mellanox have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also looking good, including Amkor Technology (AMKR), Rambus (RMBS), and Applied Optoelectronics (AAOI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. However, it is worth noting that the Zacks Industry Rank for this group is in the bottom half of the ranking, so it isn't all good news for Mellanox. Still, the fundamentals for Mellanox are promising, and it still has potential despite being at a 52-week high. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Rambus, Inc. (RMBS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Some of its industry peers are also looking good, including Amkor Technology (AMKR), Rambus (RMBS), and Applied Optoelectronics (AAOI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Rambus, Inc. (RMBS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report To read this article on Zacks.com click here. A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.	Some of its industry peers are also looking good, including Amkor Technology (AMKR), Rambus (RMBS), and Applied Optoelectronics (AAOI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Rambus, Inc. (RMBS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report To read this article on Zacks.com click here. In terms of its value breakdown, the stock currently trades at 16X current fiscal year EPS estimates.	Click to get this free report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Rambus, Inc. (RMBS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report To read this article on Zacks.com click here. Some of its industry peers are also looking good, including Amkor Technology (AMKR), Rambus (RMBS), and Applied Optoelectronics (AAOI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Zacks Rank We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front.	Some of its industry peers are also looking good, including Amkor Technology (AMKR), Rambus (RMBS), and Applied Optoelectronics (AAOI), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices. Click to get this free report Mellanox Technologies, Ltd. (MLNX): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Rambus, Inc. (RMBS): Free Stock Analysis Report Amkor Technology, Inc. (AMKR): Free Stock Analysis Report To read this article on Zacks.com click here. In its las t earnings report on January 30, 2019, Mellanox reported EPS of $1.42 versus consensus estimate of $1.31 while it beat the consensus revenue estimate by 1.66%.
9639.0	2019-02-08 00:00:00 UTC	Validea Peter Lynch Strategy Daily Upgrade Report - 2/8/2019	AAOI	https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-282019-2019-02-08	nan	nan	The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch . This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. GROUP 1 AUTOMOTIVE, INC. ( GPI ) is a small-cap value stock in the Retail (Specialty) industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Group 1 Automotive, Inc. is an operator in the automotive retail industry. The Company, through its dealerships, sells new and used cars and light trucks; arranges related vehicle financing; sells service and insurance contracts; provides automotive maintenance and repair services, and sells vehicle parts. The Company operates through three segments: the U.S., which includes the activities of its corporate office, the United Kingdom and Brazil. The Company owned and operated 238 franchises, representing 32 brands of automobiles, at 182 dealership locations and 48 collision centers. The Company's operations are primarily located in metropolitan areas including in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, Texas in the United States, United Kingdom, and in metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul and Santa Catarina in Brazil. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 0% to 74% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here LADDER CAPITAL CORP ( LADR ) is a mid-cap value stock in the Consumer Financial Services industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Ladder Capital Corp is a commercial real estate finance company. The Company's segments include loans, securities, real estate and corporate/other. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans). The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The real estate segment includes net leased properties, office buildings, a warehouse and condominium units. The Corporate/other segment includes the Company's investments in joint ventures, other asset management activities and operating expenses. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Peter Lynch has returned 372.48% vs. 172.21% for the S&P 500. For more details on this strategy, click here About Peter Lynch : Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts. About Validea : Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company's operations are primarily located in metropolitan areas including in Alabama, California, Florida, Georgia, Kansas, Louisiana, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, Oklahoma, South Carolina, Texas in the United States, United Kingdom, and in metropolitan markets in the states of Sao Paulo, Parana, Mato Grosso do Sul and Santa Catarina in Brazil. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here LADDER CAPITAL CORP ( LADR ) is a mid-cap value stock in the Consumer Financial Services industry. The loans segment includes mortgage loan receivables held for investment (balance sheet loans) and mortgage loan receivables held for sale (conduit loans).	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The securities segment consists of all of its activities related to commercial real estate securities, which include investments in commercial mortgage-backed securities (CMBS) and United States Agency Securities. The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch . The Company invests primarily in loans, securities and other interests in the United States commercial real estate, with a focus on senior secured assets.
9640.0	2019-02-03 00:00:00 UTC	Validea's Top Five Technology Stocks Based On Kenneth Fisher - 2/3/2019	AAOI	https://www.nasdaq.com/articles/valideas-top-five-technology-stocks-based-kenneth-fisher-232019-2019-02-03	nan	nan	The following are the top rated Technology stocks according to Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher . This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Kenneth Fisher is 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CHEETAH MOBILE INC (ADR) ( CMCM ) is a small-cap value stock in the Software & Programming industry. The rating according to our strategy based on Kenneth Fisher is 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Cheetah Mobile Inc. is a holding company. The Company and its consolidated subsidiaries, variable interest entities (VIEs) and a VIE's subsidiary are engaged in the provision of online marketing services, Internet value-added services, and Internet security services and others. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines. For its users, its diversified suite of applications optimizes mobile and PC Internet system performance, and provides real time protection against known and unknown security threats. Its data analytics engines perform real time analysis of mobile applications, program files and Websites on their devices for behavior that may impair system performance or impose security risks. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here TELEFONAKTIEBOLAGET LM ERICSSON ( ERIC ) is a large-cap value stock in the Communications Equipment industry. The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Telefonaktiebolaget LM Ericsson (Ericsson) provides infrastructure, services and software to the telecommunication industry and other sectors. The Company's segments include Networks, IT & Cloud and Media. The Networks segment consists of two business units: Network Products and Network Services. The overall focus is on evolving and managing access networks, including the development of hardware and software for radio access and transport networks. The IT & Cloud business includes two business units: IT & Cloud Products and IT & Cloud Services. The focus in IT & Cloud is to help telecom operators and selected enterprises through the digital transformations ahead. It develops and delivers software-based solutions for television and media and combines a product portfolio that spans the television value chain, with systems integration and managed services. The portfolio includes compression, content publishing through set-top box or pure over-the-top, content delivery and analytics. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NETGEAR, INC. ( NTGR ) is a small-cap growth stock in the Communications Equipment industry. The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: NETGEAR, Inc. designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. The Company's product line consists of devices, such as network attached storage, Internet protocol (IP) security cameras, and home automation devices and services. The Company's segments include retail, commercial and service provider. The retail business unit is focused on individual consumers and consists of whole home wireless fidelity (WiFi) networking solutions and Smart connected products. The commercial business unit is focused on small and medium-sized businesses and consists of business networking, storage and security solutions. The service provider business unit is focused on the service provider market and consists of made-to-order and retail-proven whole home networking hardware and software solutions, including fourth-generation (4G) long term evolution (LTE) hotspots sold to service providers for sale to their subscribers. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here STMICROELECTRONICS NV (ADR) (STM) is a large-cap value stock in the Semiconductors industry. The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications. The Company's segments include Automotive and Discrete Group (ADG), Analog and MEMS Group (AMG), Microcontrollers and Digital ICs Group (MDG), and Others. ADG comprises all dedicated automotive Integrated Circuits (ICs), and discrete and power transistor products. AMG includes low-power analog ICs for all markets; smart power products; Touch Screen Controllers; Low Power Connectivity solutions for Internet of Things (IoT), and power conversion products. MDG comprises general purpose and secure microcontrollers, and Electrically Erasable Programmable Read-Only Memory memories. The Others segment includes all the financial values related to the Imaging Product Division, Subsystems and other products. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Kenneth Fisher has returned 345.80% vs. 172.26% for the S&P 500. For more details on this strategy, click here About Kenneth Fisher : The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. About Validea : Validea is an investment research service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The Company operates a platform that offers mobile and personal computer (PC) applications for its users and global content promotional channels for its customers, both of which are powered by its cloud-based data analytics engines.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. Company Description: NETGEAR, Inc. designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers. Company Description: STMicroelectronics N.V. is a global semiconductor company that designs, develops, manufactures and markets a range of products, including discrete and standard commodity components, and application-specific integrated circuits (ASICs) for analog, digital and mixed-signal applications.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The service provider business unit is focused on the service provider market and consists of made-to-order and retail-proven whole home networking hardware and software solutions, including fourth-generation (4G) long term evolution (LTE) hotspots sold to service providers for sale to their subscribers.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company's segments include Networks, IT & Cloud and Media. Company Description: NETGEAR, Inc. designs, develops and markets networking solutions and smart connected products for consumers, businesses and service providers.
9641.0	2019-01-31 00:00:00 UTC	Zacks.com featured expert Kevin Matras highlights: City Office REIT, Popular, Edison International, Applied Optoelectronics and MDU Resources	AAOI	https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-city-office-reit-popular-edison	nan	nan	For Immediate Release Chicago, IL - January 31, 2019 - Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch. Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity. A widely favored approach by value investors is to chase for stocks that have a low P/E ratio. However, even this broadly used valuation multiple is not without its shortcomings. What Makes EV/EBITDA a Better Alternative? Although P/E is preferred by many investors while uncovering bargain stocks, another valuation metric called EV/EBITDA does a better job. The ratio is sometimes viewed as a superior substitute as it offers a clearer picture of a firm's valuation and its earnings potential. EV/EBITDA has a more comprehensive approach to valuation as it determines a firm's total value. In contrast, P/E just considers a firm's equity portion. EV/EBITDA is the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company's market capitalization, its debt and preferred stock minus cash and cash equivalents. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings . Generally, the lower the EV/EBITDA ratio, the more enticing it is. A low EV/EBITDA ratio could signal that a stock is potentially undervalued. EV/EBITDA takes into account the debt on a company's balance sheet that P/E ratio does not. Given this reason, EV/EBITDA is usually used to value possible acquisition targets. Stocks with a low EV/EBITDA multiple could be seen as potential takeover candidates. Another shortcoming of P/E is that it can't be used to value a loss-making firm. A company's earnings are also subject to accounting estimates and management manipulation. In contrast, EV/EBITDA is less open to manipulation and can also be used to value companies that are making loss but are EBITDA-positive. EV/EBITDA is also a useful yardstick in assessing the value of firms that are highly leveraged and have a high degree of depreciation. It also can be used to compare companies with different levels of debt. However, EV/EBITDA has its limitations too. It varies across industries and is generally not appropriate while comparing stocks in different industries given their diverse capital spending requirements. Hence, a strategy entirely based on EV/EBITDA might not fetch the desired outcome. But you can club it with other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen bargain stocks. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/350173/tap-these-5-bargain-stocks-with-impressive-evebitda-ratios Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: http://twitter.com/zacksresearch Join us on Facebook: http://www.facebook.com/ZacksInvestmentResearch Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Zacks.com Phone: 312-265-9268 Email: pr@zacks.com Visit: www.Zacks.com Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer . Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For Immediate Release Chicago, IL - January 31, 2019 - Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings .	For Immediate Release Chicago, IL - January 31, 2019 - Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/350173/tap-these-5-bargain-stocks-with-impressive-evebitda-ratios Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.	Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 31, 2019 - Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity.	For Immediate Release Chicago, IL - January 31, 2019 - Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Free Stock Analysis Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity.
9642.0	2019-01-30 00:00:00 UTC	Zacks.com featured expert Kevin Matras highlights: City Office REIT, Popular, Edison International, Applied Optoelectronics and MDU Resources	AAOI	https://www.nasdaq.com/articles/zacks.com-featured-expert-kevin-matras-highlights%3A-city-office-reit-popular-edison-0	nan	nan	For Immediate Release Chicago, IL - January 30, 2019- Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Kevin Matras screens for companies showing their 'first' profit and explains why they are ones to watch. Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity. A widely favored approach by value investors is to chase for stocks that have a low P/E ratio. However, even this broadly used valuation multiple is not without its shortcomings. What Makes EV/EBITDA a Better Alternative? Although P/E is preferred by many investors while uncovering bargain stocks, another valuation metric called EV/EBITDA does a better job. The ratio is sometimes viewed as a superior substitute as it offers a clearer picture of a firm's valuation and its earnings potential. EV/EBITDA has a more comprehensive approach to valuation as it determines a firm's total value. In contrast, P/E just considers a firm's equity portion. EV/EBITDA is the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company's market capitalization, its debt and preferred stock minus cash and cash equivalents. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings . Generally, the lower the EV/EBITDA ratio, the more enticing it is. A low EV/EBITDA ratio could signal that a stock is potentially undervalued. EV/EBITDA takes into account the debt on a company's balance sheet that P/E ratio does not. Given this reason, EV/EBITDA is usually used to value possible acquisition targets. Stocks with a low EV/EBITDA multiple could be seen as potential takeover candidates. Another shortcoming of P/E is that it can't be used to value a loss-making firm. A company's earnings are also subject to accounting estimates and management manipulation. In contrast, EV/EBITDA is less open to manipulation and can also be used to value companies that are making loss but are EBITDA-positive. EV/EBITDA is also a useful yardstick in assessing the value of firms that are highly leveraged and have a high degree of depreciation. It also can be used to compare companies with different levels of debt. However, EV/EBITDA has its limitations too. It varies across industries and is generally not appropriate while comparing stocks in different industries given their diverse capital spending requirements. Hence, a strategy entirely based on EV/EBITDA might not fetch the desired outcome. But you can club it with other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen bargain stocks. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/350173/tap-these-5-bargain-stocks-with-impressive-evebitda-ratios Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week Zacks.com created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. 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Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For Immediate Release Chicago, IL - January 30, 2019- Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings .	For Immediate Release Chicago, IL - January 30, 2019- Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. For the rest of this Screen of the Week article please visit Zacks.com at: https://www.zacks.com/stock/news/350173/tap-these-5-bargain-stocks-with-impressive-evebitda-ratios Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.	Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. For Immediate Release Chicago, IL - January 30, 2019- Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity.	For Immediate Release Chicago, IL - January 30, 2019- Stocks in this week's article include City Office REIT, Inc. CIO , Popular, Inc. BPOP , Edison International EIX , Applied Optoelectronics, Inc. AAOI and MDU Resources Group, Inc. MDU . Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report City Office REIT, Inc. (CIO): Free Stock Analysis Report To read this article on Zacks.com click here. Screen of the Week written by Kevin Matras of Zacks Investment Research: Tap These 5 Bargain Stocks with Impressive EV/EBITDA Ratios The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity.
9643.0	2019-01-29 00:00:00 UTC	Tap These 5 Bargain Stocks With Impressive EV/EBITDA Ratios	AAOI	https://www.nasdaq.com/articles/tap-these-5-bargain-stocks-impressive-evebitda-ratios-2019-01-29	nan	nan	The price-to-earnings (P/E) ratio is the most commonly used tool for evaluating a firm's value due to its simplicity. A widely favored approach by value investors is to chase for stocks that have a low P/E ratio. However, even this broadly used valuation multiple is not without its shortcomings. What Makes EV/EBITDA a Better Alternative? Although P/E is preferred by many investors while uncovering bargain stocks, another valuation metric called EV/EBITDA does a better job. The ratio is sometimes viewed as a superior substitute as it offers a clearer picture of a firm's valuation and its earnings potential. EV/EBITDA has a more comprehensive approach to valuation as it determines a firm's total value. In contrast, P/E just considers a firm's equity portion. EV/EBITDA is the enterprise value (EV) of a stock divided by its earnings before interest, taxes, depreciation and amortization (EBITDA). EV is the sum of a company's market capitalization, its debt and preferred stock minus cash and cash equivalents. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings . Generally, the lower the EV/EBITDA ratio, the more enticing it is. A low EV/EBITDA ratio could signal that a stock is potentially undervalued. EV/EBITDA takes into account the debt on a company's balance sheet that P/E ratio does not. Given this reason, EV/EBITDA is usually used to value possible acquisition targets. Stocks with a low EV/EBITDA multiple could be seen as potential takeover candidates. Another shortcoming of P/E is that it can't be used to value a loss-making firm. A company's earnings are also subject to accounting estimates and management manipulation. In contrast, EV/EBITDA is less open to manipulation and can also be used to value companies that are making loss but are EBITDA-positive. EV/EBITDA is also a useful yardstick in assessing the value of firms that are highly leveraged and have a high degree of depreciation. It also can be used to compare companies with different levels of debt. However, EV/EBITDA has its limitations too. It varies across industries and is generally not appropriate while comparing stocks in different industries given their diverse capital spending requirements. Hence, a strategy entirely based on EV/EBITDA might not fetch the desired outcome. But you can club it with other major ratios such as price-to-book (P/B), P/E and price-to-sales (P/S) to screen bargain stocks. Screening Criteria Here are the parameters to screen for bargain stocks: EV/EBITDA 12 Months-Most Recent less than X-Industry Median: A lower EV/EBITDA ratio represents a cheaper valuation. P/E using (F1) less than X-Industry Median: This metric screens stocks that are trading at a discount to their peers. P/B less than X-Industry Median: A lower P/B compared with the industry average implies that the stock is undervalued. P/S less than X-Industry Median: The lower the P/S ratio the more attractive the stock is as investors will have to pay a smaller price for the same amount of sales generated by the company. Estimated One-Year EPS Growth F(1)/F(0) greater than or equal to X-Industry Median: This parameter will help in screening stocks that have growth rates higher than the industry median. This is a meaningful indicator as decent earnings growth always adds to investor optimism. Average 20-day Volume greater than or equal to 100,000: The addition of this metric ensures that shares can be traded easily. Current Price greater than or equal to $5: This parameter will help in screening stocks that are trading at a minimum price of $5 or higher. Zacks Rank less than or equal to 2: No screening is complete without the Zacks Rank, which has proven its worth since inception. It is a fundamental truth that stocks with a Zacks Rank #1 (Strong Buy) or 2 (Buy) have always managed to beat adversities and outperform the market. Value Score of less than or equal to B: Our research shows that stocks with a Value Score of A or B when combined with a Zacks Rank #1 or 2 offer the best upside potential. Here are five of the 17 stocks that passed the screen: City Office REIT, Inc.CIO is a real estate investment trust that focuses on acquiring, owning, and operating office properties in the United States. This Zacks Rank #1 stock has an expected year-over-year earnings growth rate of 12.8% for the current year and a Value Score of B. Popular, Inc.BPOP is a diversified, publicly owned bank holding company. This Zacks Rank #2 stock has expected year-over-year earnings growth of roughly 23.7% for the current year and a Value Score of A. You can see the complete list of today's Zacks #1 Rank stocks here . Edison InternationalEIX is a generator and distributor of electric power, as well as a provider of energy services and technologies, including renewable energy. This Zacks Rank #2 stock has an expected year-over-year earnings growth rate of 8.8% for the current year and a Value Score of A. Applied Optoelectronics, Inc.AAOI designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. This Zacks Rank #2 stock has an expected year-over-year earnings growth rate of 33.4% for the current year and a Value Score of A. MDU Resources Group, Inc.MDU provides value-added natural resource products and related services that are essential to energy and transportation infrastructure. This Zacks Rank #2 stock has an expected year-over-year earnings growth rate of 10.1% for the current year and a Value Score of B. You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today . Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks' portfolios and strategies are available at: https://www.zacks.com/performance . Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Get Free Report City Office REIT, Inc. (CIO): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics, Inc.AAOI designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Get Free Report City Office REIT, Inc. (CIO): Get Free Report To read this article on Zacks.com click here. EBITDA, the other component of the multiple, is a true reflection of a company's profitability as it removes the impact of non-cash expenses like depreciation and amortization that dilute ne t earnings .	Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Get Free Report City Office REIT, Inc. (CIO): Get Free Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. This Zacks Rank #2 stock has an expected year-over-year earnings growth rate of 33.4% for the current year and a Value Score of A. MDU Resources Group, Inc.MDU provides value-added natural resource products and related services that are essential to energy and transportation infrastructure.	Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Get Free Report City Office REIT, Inc. (CIO): Get Free Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. This Zacks Rank #1 stock has an expected year-over-year earnings growth rate of 12.8% for the current year and a Value Score of B.	Applied Optoelectronics, Inc.AAOI designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. Click to get this free report Edison International (EIX): Free Stock Analysis Report MDU Resources Group, Inc. (MDU): Get Free Report Popular, Inc. (BPOP): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Get Free Report City Office REIT, Inc. (CIO): Get Free Report To read this article on Zacks.com click here. However, even this broadly used valuation multiple is not without its shortcomings.
9644.0	2019-01-28 00:00:00 UTC	AAOI or PXLW: Which Is the Better Value Stock Right Now?	AAOI	https://www.nasdaq.com/articles/aaoi-or-pxlw%3A-which-is-the-better-value-stock-right-now-2019-01-28	nan	nan	Investors with an interest in Electronics - Semiconductors stocks have likely encountered both Applied Optoelectronics (AAOI) and Pixelworks (PXLW). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Applied Optoelectronics has a Zacks Rank of #2 (Buy), while Pixelworks has a Zacks Rank of #3 (Hold) right now. Investors should feel comfortable knowing that AAOI likely has seen a stronger improvement to its earnings outlook than PXLW has recently. But this is just one piece of the puzzle for value investors. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors. AAOI currently has a forward P/E ratio of 12.78, while PXLW has a forward P/E of 88.64. We also note that AAOI has a PEG ratio of 0.85. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. PXLW currently has a PEG ratio of 4.43. Another notable valuation metric for AAOI is its P/B ratio of 1.02. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, PXLW has a P/B of 2.61. These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI sticks out from PXLW in both our Zacks Rank and Style Scores models, so value investors will likely feel that AAOI is the better option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Get Free Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors with an interest in Electronics - Semiconductors stocks have likely encountered both Applied Optoelectronics (AAOI) and Pixelworks (PXLW). Investors should feel comfortable knowing that AAOI likely has seen a stronger improvement to its earnings outlook than PXLW has recently. AAOI currently has a forward P/E ratio of 12.78, while PXLW has a forward P/E of 88.64.	Investors with an interest in Electronics - Semiconductors stocks have likely encountered both Applied Optoelectronics (AAOI) and Pixelworks (PXLW). These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI sticks out from PXLW in both our Zacks Rank and Style Scores models, so value investors will likely feel that AAOI is the better option right now. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Get Free Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here.	These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI sticks out from PXLW in both our Zacks Rank and Style Scores models, so value investors will likely feel that AAOI is the better option right now. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Get Free Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here. Investors with an interest in Electronics - Semiconductors stocks have likely encountered both Applied Optoelectronics (AAOI) and Pixelworks (PXLW).	These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI sticks out from PXLW in both our Zacks Rank and Style Scores models, so value investors will likely feel that AAOI is the better option right now. Investors with an interest in Electronics - Semiconductors stocks have likely encountered both Applied Optoelectronics (AAOI) and Pixelworks (PXLW). Investors should feel comfortable knowing that AAOI likely has seen a stronger improvement to its earnings outlook than PXLW has recently.
9645.0	2019-01-28 00:00:00 UTC	Is Applied Optoelectronics (AAOI) a Great Value Stock Right Now?	AAOI	https://www.nasdaq.com/articles/is-applied-optoelectronics-aaoi-a-great-value-stock-right-now-2019-01-28	nan	nan	While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now. One company to watch right now is Applied Optoelectronics (AAOI). AAOI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Investors will also notice that AAOI has a PEG ratio of 0.78. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. AAOI's industry currently sports an average PEG of 1.08. Over the past 52 weeks, AAOI's PEG has been as high as 1.64 and as low as 0.51, with a median of 0.83. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AAOI has a P/S ratio of 1.19. This compares to its industry's average P/S of 1.78. Finally, our model also underscores that AAOI has a P/CF ratio of 8.24. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. AAOI's P/CF compares to its industry's average P/CF of 13.92. Over the past 52 weeks, AAOI's P/CF has been as high as 16.07 and as low as 5.05, with a median of 9.73. These are just a handful of the figures considered in Applied Optoelectronics's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AAOI is an impressive value stock right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Get Free Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	One company to watch right now is Applied Optoelectronics (AAOI). AAOI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Investors will also notice that AAOI has a PEG ratio of 0.78.	Click to get this free report Applied Optoelectronics, Inc. (AAOI): Get Free Report To read this article on Zacks.com click here. One company to watch right now is Applied Optoelectronics (AAOI). AAOI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A.	One company to watch right now is Applied Optoelectronics (AAOI). AAOI is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. Investors will also notice that AAOI has a PEG ratio of 0.78.	Investors will also notice that AAOI has a PEG ratio of 0.78. AAOI has a P/S ratio of 1.19. One company to watch right now is Applied Optoelectronics (AAOI).
9646.0	2019-01-11 00:00:00 UTC	Is Applied Optoelectronics (AAOI) Stock Undervalued Right Now?	AAOI	https://www.nasdaq.com/articles/is-applied-optoelectronics-aaoi-stock-undervalued-right-now-2019-01-11	nan	nan	While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks. On top of the Zacks Rank, investors can also look at our innovative Style Scores system to find stocks with specific traits. For example, value investors will want to focus on the "Value" category. Stocks with high Zacks Ranks and "A" grades for Value will be some of the highest-quality value stocks on the market today. One company value investors might notice is Applied Optoelectronics (AAOI). AAOI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Investors should also note that AAOI holds a PEG ratio of 0.78. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. AAOI's industry has an average PEG of 1.04 right now. AAOI's PEG has been as high as 1.64 and as low as 0.51, with a median of 0.83, all within the past year. Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. AAOI has a P/S ratio of 1.11. This compares to its industry's average P/S of 1.73. Finally, we should also recognize that AAOI has a P/CF ratio of 7.94. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. AAOI's current P/CF looks attractive when compared to its industry's average P/CF of 12.87. AAOI's P/CF has been as high as 16.07 and as low as 5.05, with a median of 9.73, all within the past year. These are just a handful of the figures considered in Applied Optoelectronics's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AAOI is an impressive value stock right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	One company value investors might notice is Applied Optoelectronics (AAOI). AAOI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Investors should also note that AAOI holds a PEG ratio of 0.78.	Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One company value investors might notice is Applied Optoelectronics (AAOI). AAOI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.	Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. One company value investors might notice is Applied Optoelectronics (AAOI). AAOI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A.	One company value investors might notice is Applied Optoelectronics (AAOI). AAOI is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Investors should also note that AAOI holds a PEG ratio of 0.78.
9647.0	2019-01-11 00:00:00 UTC	AAOI vs. PXLW: Which Stock Is the Better Value Option?	AAOI	https://www.nasdaq.com/articles/aaoi-vs.-pxlw%3A-which-stock-is-the-better-value-option-2019-01-11	nan	nan	Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Applied Optoelectronics (AAOI) and Pixelworks (PXLW). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Currently, Applied Optoelectronics has a Zacks Rank of #2 (Buy), while Pixelworks has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AAOI is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors. Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels. Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years. AAOI currently has a forward P/E ratio of 11.92, while PXLW has a forward P/E of 87.54. We also note that AAOI has a PEG ratio of 0.79. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. PXLW currently has a PEG ratio of 4.38. Another notable valuation metric for AAOI is its P/B ratio of 0.96. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, PXLW has a P/B of 2.58. These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI has seen stronger estimate revision activity and sports more attractive valuation metrics than PXLW, so it seems like value investors will conclude that AAOI is the superior option right now. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Applied Optoelectronics (AAOI) and Pixelworks (PXLW). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AAOI is likely seeing its earnings outlook improve to a greater extent. AAOI currently has a forward P/E ratio of 11.92, while PXLW has a forward P/E of 87.54.	Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Applied Optoelectronics (AAOI) and Pixelworks (PXLW). Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AAOI is likely seeing its earnings outlook improve to a greater extent.	These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI has seen stronger estimate revision activity and sports more attractive valuation metrics than PXLW, so it seems like value investors will conclude that AAOI is the superior option right now. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Pixelworks, Inc. (PXLW): Free Stock Analysis Report To read this article on Zacks.com click here. Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Applied Optoelectronics (AAOI) and Pixelworks (PXLW).	These are just a few of the metrics contributing to AAOI's Value grade of A and PXLW's Value grade of D. AAOI has seen stronger estimate revision activity and sports more attractive valuation metrics than PXLW, so it seems like value investors will conclude that AAOI is the superior option right now. Investors interested in stocks from the Electronics - Semiconductors sector have probably already heard of Applied Optoelectronics (AAOI) and Pixelworks (PXLW). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that AAOI is likely seeing its earnings outlook improve to a greater extent.
9648.0	2019-01-08 00:00:00 UTC	Why Applied Optoelectronics Stock Fell 25.1% in December	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-stock-fell-251-december-2019-01-08	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) declined 25.1% in December, according to data from S&P Global Market Intelligence , as the broader markets pulled back, and analysts offered pessimistic views of the fiber-optic networking products leader. On the former, note that the S&P 500 index plunged 9% last month on fears of slowing global economic growth, political strife, and concerns over increasing regulation of the tech sector. It wasn't terribly surprising, then, to see many tech stocks decline in December despite a lack of company-specific news. So what But Wall Street didn't do Applied Optoelectronics any favors. Piper Jaffray analyst James Fish, for one, weighed in on Dec. 18 to argue that Cisco Systems ' (NASDAQ: CSCO) $660 million acquisition of silicon photonics leader Luxterra will be "mostly negative" for Applied Optoelectronics, since the deal reduces its total addressable market and threatens to drive more-aggressive industry pricing. B. Riley analyst Dave Kang echoed that sentiment the same day, while reiterating his own neutral rating on Applied Optoelectronics' stock. Now what To be clear, there was no material news from Applied Optoelectronics that may have otherwise influenced its steep drop last month. But considering the company has had no qualms with revising its financial guidance in the face of adversity if need be, you can be sure investors will be watching closely for any preliminary updates to its most recent outlook between now and its fourth-quarter report early next month. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of November 14, 2018 Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) declined 25.1% in December, according to data from S&P Global Market Intelligence , as the broader markets pulled back, and analysts offered pessimistic views of the fiber-optic networking products leader. On the former, note that the S&P 500 index plunged 9% last month on fears of slowing global economic growth, political strife, and concerns over increasing regulation of the tech sector. Piper Jaffray analyst James Fish, for one, weighed in on Dec. 18 to argue that Cisco Systems ' (NASDAQ: CSCO) $660 million acquisition of silicon photonics leader Luxterra will be "mostly negative" for Applied Optoelectronics, since the deal reduces its total addressable market and threatens to drive more-aggressive industry pricing.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) declined 25.1% in December, according to data from S&P Global Market Intelligence , as the broader markets pulled back, and analysts offered pessimistic views of the fiber-optic networking products leader. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) declined 25.1% in December, according to data from S&P Global Market Intelligence , as the broader markets pulled back, and analysts offered pessimistic views of the fiber-optic networking products leader. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) declined 25.1% in December, according to data from S&P Global Market Intelligence , as the broader markets pulled back, and analysts offered pessimistic views of the fiber-optic networking products leader. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9649.0	2018-12-19 00:00:00 UTC	Validea Joseph Piotroski Strategy Daily Upgrade Report - 12/19/2018	AAOI	https://www.nasdaq.com/articles/validea-joseph-piotroski-strategy-daily-upgrade-report-12192018-2018-12-19	nan	nan	The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski . This value-quant strategy screens for high book-to-market stocks, and then separates out financially sound firms by looking at a host of improving financial criteria. DENBURY RESOURCES INC. ( DNR ) is a small-cap value stock in the Oil & Gas Operations industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Denbury Resources Inc. is an independent oil and natural gas company. The Company's operations are focused in two operating areas: the Gulf Coast and Rocky Mountain regions. Its properties with proved and producing reserves in the Gulf Coast region are situated in Mississippi, Texas, Louisiana and Alabama, and in the Rocky Mountain region are situated in Montana, North Dakota and Wyoming. It had an estimated proved oil and natural gas reserves of 254.5 million barrels of oil equivalent (MMBOE) as of December 31, 2016. Its primary Gulf Coast carbon dioxide (CO2) source is Jackson Dome, which is located near Jackson, Mississippi. Its mature group of properties includes the initial CO2 field, Little Creek, and other fields, including Brookhaven, Cranfield, Eucutta, Lockhart Crossing, Mallalieu and Soso fields. Its LaBarge Field is located in southwestern Wyoming. Its Riley Ridge Federal Unit is located in southwestern Wyoming and produces gas from the same LaBarge Field. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ACORN INTERNATIONAL, INC. (ADR) ( ATV ) is a small-cap value stock in the Audio & Video Equipment industry. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Acorn International, Inc. is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products. The Company's business is comprised of two main divisions, direct-sales platforms and its nationwide distribution network. The direct-sales business involves marketing and selling products directly to consumers in China through its outbound marketing platform and Internet sales platform. In addition, the Company maintains a nationwide distribution network through which it distributes a select number of its products promoted by the direct-sales platform. The Company's distribution network covers all provinces in China through more than 29 distributors, and allows us to reach over 2,200 retail outlets across China. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Joseph Piotroski has returned 139.27% vs. 122.06% for the S&P 500. For more details on this strategy, click here About Joseph Piotroski : Piotroski isn't your typical Wall Street big shot. In fact, he's not even a professional investor. He's a good old numbers-crunching accountant and college professor. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers". In it, Piotroski laid out an accounting-based stock-selection/shorting method that produced a 23 percent average annual back-tested return from 1976 through 1996 -- more than double the S&P 500's gain during that time. Piotroski's findings were reported in major financial publiations like SmartMoney. Today, he teaches accounting at Stanford University's Graduate School of Business. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. But in 2000, shortly after he started teaching at the University of Chicago's Graduate School of Business, Piotroski published a groundbreaking paper in the Journal of Accounting Research entitled "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers".	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ACORN INTERNATIONAL, INC. (ADR) ( ATV ) is a small-cap value stock in the Audio & Video Equipment industry. Company Description: Acorn International, Inc. is a marketing and branding company in China that develops, promotes and sells a portfolio of branded products.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The rating according to our strategy based on Joseph Piotroski changed from 0% to 80% based on the firm's underlying fundamentals and the stock's valuation. The rating according to our strategy based on Joseph Piotroski changed from 0% to 90% based on the firm's underlying fundamentals and the stock's valuation.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The following are today's upgrades for Validea's Book/Market Investor model based on the published strategy of Joseph Piotroski . For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Joseph Piotroski has returned 139.27% vs. 122.06% for the S&P 500.
9650.0	2018-11-08 00:00:00 UTC	Why Applied Optoelectronics Inc. Shares Rose as Much as 17.8% Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-shares-rose-much-178-today-2018-11-08	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) jumped as much as 17.8% higher on Thursday, following the release of a decent third-quarter earnings report. By 1:10 a.m. EST, the stock had settled down to a 13.5% gain. So what The maker of optoelectronic components for high-speed networking equipment saw third-quarter sales fall 37% to $56.4 million. That's within the updated guidance range the company released at the end of September and in line with the analyst consensus. On the bottom line, adjusted earnings plunged 87% to $0.14 per diluted share. Here, analysts would have settled for roughly $0.01 per share. Now what So this report was strong in the specific sense of outperforming the Street's most recent forecasts. Sales and earnings plummeted and should stay constricted in the fourth quarter as well. The guidance update showed quality issues with a specific product for a single data center customer as the culprit behind this whole mess. In a conference call with analysts , Applied Optoelectronics CFO Stefan Murry said that the contract with this customer didn't include any provisions that would move the missing revenue into the fourth quarter or the next fiscal year. Instead, Murry admitted, sector rivals may have absorbed some or all of the lost sales. Applied Optoelectronics has now bounced back 21% above the yearly lows it hit in September, but has another 56% to go before recapturing July's 52-week highs. Expect more turbulence in the months ahead. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) jumped as much as 17.8% higher on Thursday, following the release of a decent third-quarter earnings report. The guidance update showed quality issues with a specific product for a single data center customer as the culprit behind this whole mess. In a conference call with analysts , Applied Optoelectronics CFO Stefan Murry said that the contract with this customer didn't include any provisions that would move the missing revenue into the fourth quarter or the next fiscal year.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) jumped as much as 17.8% higher on Thursday, following the release of a decent third-quarter earnings report. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) jumped as much as 17.8% higher on Thursday, following the release of a decent third-quarter earnings report. In a conference call with analysts , Applied Optoelectronics CFO Stefan Murry said that the contract with this customer didn't include any provisions that would move the missing revenue into the fourth quarter or the next fiscal year. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) jumped as much as 17.8% higher on Thursday, following the release of a decent third-quarter earnings report. That's within the updated guidance range the company released at the end of September and in line with the analyst consensus. In a conference call with analysts , Applied Optoelectronics CFO Stefan Murry said that the contract with this customer didn't include any provisions that would move the missing revenue into the fourth quarter or the next fiscal year.
9651.0	2018-11-07 00:00:00 UTC	Earnings Reaction History: Applied Optoelectronics, Inc., 80.0% Follow-Through Indicator, 15.8% Sensitive	AAOI	https://www.nasdaq.com/articles/earnings-reaction-history-applied-optoelectronics-inc-800-follow-through-indicator-158	nan	nan	Expected Earnings Release: 11/07/2018, After-hours Avg. Extended-Hours Dollar Volume: $28,529,249 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Data provided by the MT Pro service at MTNewswires.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $28,529,249 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 100% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 100.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $28,529,249 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Extended-Hours Dollar Volume: $28,529,249 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 66.7% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 66.7% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%.
9652.0	2018-11-07 00:00:00 UTC	Applied Optoelectronics Inc (AAOI) Q3 2018 Earnings Conference Call Transcript	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-inc-aaoi-q3-2018-earnings-conference-call-transcript-2018-11-07	nan	nan	Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2018 Earnings Conference Call Nov. 07, 2018 , 4:30 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Operator Hello and welcome to the Applied Optoelectronics 3Q '18 Financial Results Conference Call. All participants will be in listen-only mode. (Operator Instructions). After today's presentation, there will be an opportunity to ask questions. (Operator Instructions) Please note this event is being recorded. I'd now like to turn the conference over to Maria Riley, Investor Relations for AAOI. Please go ahead, ma'am. Maria Riley -- Investor Relations for AOI Thank you. I'm Maria Riley, Applied Optoelectronics' Investor Relations and I'm pleased to welcome you to AOI's third quarter 2018 financial results conference call. After the market closed today, AOI issued a press release announcing its third quarter 2018 financial results and provided its outlook for the fourth quarter of 2018. The release is also available on the Company's website at ao-inc.com. This call is being recorded and webcast live. A link to that recording can be found on the Investor Relations page of the AOI website and will be archived for one year. Joining us on today's call is Dr. Thompson Lin, AOI's Founder, Chairman and CEO; and Dr. Stefan Murry, AOI's Chief Financial Officer and Chief Strategy Officer. Thompson will give an overview of AOI's Q3 results, and Stefan will provide financial details and the outlook for the fourth quarter of 2018. A question-and-answer session will follow our prepared remarks. Before we begin, I would like to remind you to review AOI's Safe Harbor statement. On today's call, management will make forward-looking statements. These forward-looking statements involve risks and uncertainties as well as assumptions and current expectations which could cause the Company's actual results to differ materially from those anticipated in such forward-looking statements. You can identify forward-looking statements by terminologies such as may, will, should, expects, plans, anticipates, beliefs or estimates and by other similar expressions. Except as required by law, we assume no obligation to update forward-looking statements for any reason after the date of this earnings call to confirm these statements to actual results or to changes in the Company's expectations. More information about other risks that may impact the Company's business are set forth in the Risk Factors section of the Company's reports on file with the SEC. Also, with the exception of revenue, all financial numbers discussed today are on a non-GAAP basis, unless specifically noted otherwise. Non-GAAP financial measures are not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation between our GAAP and non-GAAP measures as well as our discussion of why we present non-GAAP financial measures are included in our earnings press release that is available on our website. Before moving to the financial results, I'd like to announce that AOI management will attend the Needham Network and Security Conference on November 13, and the Raymond James Technology Conference in New York on December 4. We hope to have the opportunity to see many of you there. Additionally, I'd like to note the date of our fourth quarter 2018 Earnings Conference call is currently scheduled for Thursday, February 21, 2019. Now, I'd like to turn the call over to Dr. Thompson Lin, Applied Optoelectronics Founder, Chairman and CEO. Thomson? Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Thank you, Maria. Thank you, everyone, for joining us today in reviewing our third quarter results. AOI generated revenue of $56.4 million and gross margin of 34%, which brought our net income to $2.7 million or $0.14 per diluted share. As we announced this September, our revenue was below our expectations due to an issue we identified with small percentage of 25G lasers which led to our February delay in 100G transceiver shipments to our data center customer. As we walked to troubleshoot our issues, we enact a solution quickly and with the agreement of the customer resumed shipments. The delay, however, resulted in softer than expected payouts in the revenue of $39 million. We continue to have active engagement with this customer and believe we have strong relationships. Here in AOI, we are committed to heighten our product quality and customers support. We believe our customer appreciate the major (inaudible) resolve any issues and our winnings to go above and beyond. While we are disappointed with our third quarter performance, we're encouraged by the demand we are experiencing with our other data center customers. In CATV, we are also pleased with increased activity and interest we are seeing in this market, especially for our remote by-products. We are continuing to focus on expanding the reach of our product to a broad group of customers and diversifying our customer base. We are pleased with the progress we continue to make on this front (inaudible) large deals and wins with the data center operator in China that we allowed this quarter in Q3 with seven new design wins. This brings our total number of design wins to 46 for the year which includes design wins for data center and other segments. We also continue to make progress of innovating across our optical peripheral expanding our vertical integration. We believe our platfrom propriety manufacturing process and vertical integration are keys to our success in the market. And we remain focused on building on these stronger foundations. With that, I will turn the call over to Stephen to review the details of our Q3 performance and out of for Q4. Stephen. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Thank you, Tohmpson. Total revenue for the third quarter was $56.4 million compared with $88.9 million in the prior-year period. Our data center revenue was $39 million compared with $65.8 million in Q3 of last year. As Thompson mentioned, our revenue in the quarter was impacted by a temporary delay in 100G transceiver shipments to a data center customer as we work to troubleshoot an issue we identified with a small percentage of 25G lasers. We hold ourselves to a high standard and acted to resolve the quality issue. We determined less than 1% of the lasers were impacted, implemented a solution and continued shipments using our internally sourced 25G lasers to the customer. We believe the measures we took to resolve this issue reflect our strong commitment to our customers. Shipments have resumed to this customer and we continue to have ongoing discussions and active engagement. We currently expect demand for this customer in Q4 to meet our earlier expectations. However, our production capacity in Q4 is expected to continue to lag demand and this is reflected in our Q4 guidance. The production capacity in Q4 will be negatively impacted primarily by additional product testing steps that we have implemented in order to further reassure our customer base that we have eliminated any potentially troublesome laser devices from our inventory, including work in process. Most of these additional testing steps are temporary measures to screen existing inventory. In addition to the reduced production capacity, these costs will also temporarily increase our cost of goods sold and thus negatively impact our gross margin in Q4. We continue to experience good demand with our other top data center customers and began shipping volume orders to a large Chinese data center operator. In the quarter, 63% of our data center revenue was derived from our 40G transceiver products and 34% was from our 100G products. We continue to work diligently to diversify our customer base and remain in active qualification for our 100G and 200G products with customers outside of our core hyperscale customer base. In the quarter, we secured seven design wins, including four design wins with two large U.S.-based equipment manufacturers. This brings our total number of design wins to 46 for the year which includes design wins for data center and other segments. As a reminder, our transceiver customer base has historically been focused on direct sales to data center customers. So these design wins with equipment OEMs are an important step as we continue our push to diversify our customer base. And our cable TV business, we continued our momentum in the quarter due to ongoing upgrade projects. We generated revenue of $14.3 million, up slightly sequentially and below the record $18.9 million reported in Q3 of last year. We are very encouraged by the customer activity we see in this market, especially with our remote-PHY product. We are currently in trials with PHY customers for our remote-PHY product and these trials appear to be going well. At the recent SCTE Expo Conference in Atlanta, AOI was the first company to demonstrate remote-PHY capability to 1.7 gigahertz, which is a significant technical achievement that will allow MSOs to unlock additional revenue generating spectrum already installed in their plants. This technology was well received by many attendees at the conference. Our telecom products delivered $2.7 million in revenue compared with $3.5 million generated in Q3 of last year. For the quarter, 69% of our revenue is from data center products, 25% from CATV products with the remaining 6% from FTTH telecom and other. In the third quarter, we had four 10% or greater customers, three in the data center business that contributed 31%, 22% and 15% of total revenue, respectively, and one in the CATV business that contributed 15% of total revenue. Moving beyond revenue, we generated a gross margin of 34%, a decrease from the 40.4% reported last quarter. Our gross margin came in below our expectations, due primarily to capacity underutilization while we worked to resolve the inventory issue we experienced this quarter. Additionally, we incurred approximately $1.5 million in inventory writedowns related to the quality issue. Looking ahead, we expect our gross margin to decline in Q4 due to the temporary increases in testing costs I mentioned earlier. We expect these additional costs to largely be eliminated by the end of the year and margins are expected to improve starting in Q1. Longer term, we remain committed to our 40% gross margin target. Total operating expenses in the quarter were $22.8 million or 40.4% of revenue compared with $20.8 million or 23.7% of revenue in the prior quarter. The sequential increase was mostly due to higher R&D expense incurred to troubleshoot and resolve the issue we experienced in the quarter. We expect R&D to remain at an elevated level for a few quarters as we continue to invest in new technologies and improve our execution. Our operating loss in Q3 was $3.6 million compared with operating income of $14.7 million in Q2 of 2018. Non-GAAP net income after tax for the third quarter was $2.7 million or $0.14 per diluted share compared with income of $12.9 million or $0.64 per diluted share in Q2 of 2018. GAAP net loss for Q3 was $3.7 million or a loss of $0.19 per diluted share compared with GAAP net income of $8 million or $0.40 per diluted share last quarter. The Q3 weighted average fully diluted share count was approximately 20.2 million shares. We recognized approximately $0.6 million in tax benefit from employee options that were exercised and restricted stock that vested during the quarter. Turning now to the balance sheet. We ended Q3 with $64.1 million in total cash, cash equivalents, short-term investments, and restricted cash compared with $77.9 million at the end of the previous quarter. As of September 30, we had $107.9 million in inventory, an increase from $93.3 million in Q2. The increase is largely due to products in production that could not be completed during the quarter due to additional reliability testing time required. Operating cash flow in the quarter totaled $7.5 million compared with $8.1 million in Q3 of last year. We made a total of $21.4 million in capital investments in the quarter, including $14 million in production equipment and machinery and $6.7 million on construction and building improvements. This brings our total capital investments year-to-date to $57.9 million. Before turning to our outlook, I would like to make a few comments on the tariff situation with China. AOI uses a variety of raw materials and manufacturers a diverse set of products. While a small number of these are on the tariff list, we believe there will be minimal impact overall from tariffs on AOI's business. If the tariff situation changes, we continue to believe that we are well positioned to adapt and plan for such contingencies. As you know, all three of our locations are capable of manufacturing transceivers with Taiwan and China, both capable of manufacturing these products in high volume. Moving now to our Q4 outlook. We expect Q4 revenue to be between $56 million and $63 million. Non-GAAP gross margin is expected to be in the range of 30% to 31%. Non-GAAP net income is expected to be in the range of a loss of $1.5 million to income of $0.7 million and non-GAAP EPS between a loss of $0.07 per share and earnings of $0.04 per share using a weighted average fully diluted share count of approximately 20.1 million shares. We expect Q4 income tax benefit of between $1.4 million and $2 million. With that , II will turn it back over to the operator for the Q&A session. Operator? Questions and Answers: Operator Yes, thank you. We will now begin the question-and-answer session. (Operator Instructions) And the first question comes from Simon Leopold with Raymond James. Simon Leopold -- Raymond James -- Analyst Great, thanks for taking the question. So as I understand that the fourth quarter is affected by the capacity illustration (ph), basically the bottleneck is around the new quality control and testing that you have to do in order to assure that you've resolved all the problems, is that the correct way to think about it? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yes, Simon. That's correct. And just to put a little more color on it as we mentioned, the additional testing steps, a lot of the additional testing steps that we are implementing in the quarter are temporary steps, that is, we're having to screen existing inventory work-in-process and that's what temporarily affecting us in Q4. There will be some ongoing additional testing steps, but those are expected to be much less than what we're seeing in the fourth quarter. Simon Leopold -- Raymond James -- Analyst So presumably this prevents you from achieving the $125 million commitment that you disclosed in the 8-K at the beginning of the year. And I guess what I'd like to try to understand is how does that dovetail into the contractual agreements? Is there some catch-up that then shows up at some point in 2019? Is the contract voided because of the issues? Could you help us understand the relationship between these two events? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer What I can say is that we think we'll probably deliver around $90 million of that $125 million this year. And we continue to have a very strong relationship with this customer as well as our other data center customers. And we're working through this issue with them. Simon Leopold -- Raymond James -- Analyst I guess what I don't understand is, is there -- based on the way the contract structured, is there sort of a make good whereas in -- basically the gap between $90 million and $125 million, that $35 million, does that get added to 2019? Should we think of it that way or should we think of it as that business has gone? How should we treat that? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon, I can't give you too many specifics on it other than I mean to point out that the contract was filed along with the AK. So, you can read most of those provisions in there. There isn't a specific provision in there, to my knowledge, that would be consistent with sort of catch up in the way that you're describing it. However, as I mentioned, this customer continues to work very closely with us and they've agreed to take the commitment that they have given us in the fourth quarter, and we're still working with them on time periods beyond on that. Simon Leopold -- Raymond James -- Analyst Great. And you did address this in your prepared remarks, but I want to make crystal clear that I understand. In terms of the gross margin in the fourth quarter, it's really the effect of the extra testing that when you talked about the 40% gross margin as your long-term target, I presume essentially the pricing environment, your pricing agreements and commitments are unchanged from your prior assumptions. And therefore, once you get past this extra testing and these certifications that you're doing for quality control, that the ultimate pricing environment and that 40% kind of gross margin is what we should think about beyond the fourth quarter? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yes, that's correct. I mean the additional testing steps are what's negatively impacting us in the fourth quarter. The pricing environment was consistent with what we had expected. And we think that we can get back to that 40% gross margin target sometime in the future. Simon Leopold -- Raymond James -- Analyst And just one last one, if I might. In terms of the shortfall in your revenue versus what we all once expected, is it your sense that essentially that demand was unmet or do you suspect or have reason to believe that a competitor took that business? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer I think it's reasonable to believe that some of the business went to a competitor in the quarter. I mean, obviously all of our customers have needs in terms of their data center requirements. And if one of their suppliers can't deliver it, then I think it wouldn't be surprising to see that a competitor picked up that share at least temporarily. Simon Leopold -- Raymond James -- Analyst Great. Thanks for taking my questions. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Thank you. Operator Thank you. And the next question comes from Paul Silverstein with Cowen & Company. Paul Silverstein -- Cowen & Company -- Analyst Stefan, sort of revisit the issue, but I suspect we're all going to be revisiting issue in this call. In terms of the specific problem, I think when you referenced 25-gig Lasers, can you give us any more insight why was this isolated to that particular customer? I assume there is one or more lines that are dedicated to that customer as opposed to other customers. What is the nature of the issue? And with respect to your other customers, I assume there's concern, if you had an issue with one customer, even if it was a small number of lasers, why are other customers concerned? Why should they believe this is isolated, and therefore, it's not a larger issue? And why shouldn't that in turn impact your revenue with those customers now and in the future? What it's like? Can you share with us? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, I think, Paul, that basically -- obviously I can't go into too many customer-specific details about this, because we are covered by non-disclosure agreements with virtually all of our customers. But in very broad terms, every customer that we have has different sort of requirements, they operate in different environments and they have different expectations in terms of the performance of these devices. And again, that's a very general statement. I recognize that. But I can't be more specific, given the non-disclosure agreements that we have in place. But -- so, within that context, right, every customer has different requirements environments and expectations. We haven't seen this problem cropping up with other customers. We've been proactive in going out to all of our major customers and discussing with them what we found. And I think the one thing that I can say is, I'm very proud of the team that we have here in terms of addressing this issue very quickly. I think our customers appreciated, not only the speed at which we were able to address the problem, but our proactiveness, if you will, in going out and talking to the other customers and giving them the data, being very transparent about what we found. Paul Silverstein -- Cowen & Company -- Analyst Stefan, the direct follow-up question would be, I trust you don't believe that the issues impacted your business with other customers or has it? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer That was correct. I don't believe that it's affected our business with other customers. Paul Silverstein -- Cowen & Company -- Analyst And so if we look at your other -- well, I'll pass it on to others, and I'll come back. Thank you. Operator Thank you. And the next question comes from Mark Kelleher with D.A. Davidson. Mark Kelleher -- D.A. Davidson -- Analyst Great. Thanks for taking the question. Maybe we could talk more generally about the competitive environment. You mentioned that you thought maybe some competitor, I take in some of that market share there. What are the pricing trends you're seeing? Are they consistent with what you've been expecting? Are you seeing any new competitors come into the market? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer No, pricing trends are consistent with what we had expected. And no, I don't really see any new competitors coming into the market. Mark Kelleher -- D.A. Davidson -- Analyst All right. The new Chinese data center customer, you said that did begin ramping in the quarter? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer That's correct, yes. Mark Kelleher -- D.A. Davidson -- Analyst And do you expect that data center customer to be similar in opportunity to the US data center customers? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, it's a customer that definitely has the potential to be as big as any of the other data center customers that we have in the US. It's one of the very largest data center operators in the world. Mark Kelleher -- D.A. Davidson -- Analyst Okay. And maybe just a few thoughts on the CATV talk about what your expectations are there? I know you kind of highlighted that a little bit. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Yeah, I think we just recently finished the the SCTE, the Society of Cable Telecommunications Engineers expo, which is sort of a technology conference for the cable TV business. It was earlier in October. And we had very good commentary, a very good receptivity. I guess, you could say to our Remote-PHY product, in particular. We were showcasing a 1.7-gigahertz Remote-PHY product at the show. To my knowledge, we were the only supplier that had such a product. And I think we're seeing very positive trends in the cable business. A number of the MSOs are either undergoing upgrade projects currently or are about to embark on upgrade projects. That's true for North American MSOs as well as MSOs in Europe and Latin America as well. And we're seeing very positive signs in terms of both our existing products or sort of DOCSIS 3.1 product and this emerging new Remote-PHY product. Mark Kelleher -- D.A. Davidson -- Analyst Okay. Great. That's it for me. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Thank you. Operator Thank you. And the next question comes from Alex Henderson with Needham & Company. Alex Henderson -- Needham & Company -- Analyst Thanks. I was hoping you could talk conceptually about how we should be thinking about the CY '19 time frame relative to the resolution of this issue, and what the snap back might look like? Is it reasonable to think that as we get through -- fully through the testing process and start to move into '19 that ultimately you would get back to the type of numbers that have been out on the street beforehand and the expectations that you had just kind of implied for next year, where you would be seeing a doubling of demand and 100-gig from '18 to '19? Or alternatively, are we so constrained by the current situation that we haven't been able to add capacity at a rate that would have get us to that 2019 level that means that we'll be operating at a much lower level, because we haven't been able to take our resources and ramp them in the third quarter and fourth quarter because of the troubleshooting problems? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer No, as I mentioned earlier, the additional testing that we've implemented is primarily confined to part of the third quarter and the fourth quarter. Beyond that, there won't be a lot of additional testing that will be doing and certainly it's consistent with our ability to continue to ramp our production capacity. If you look at our overall, we don't give specific guidance more than one quarter out as you're aware, but in general, we still think that the volumes can double next year compared to this year. Now, admittedly that's on a little bit lower base now, because we missed some of the volume shipments that we expected to have in the third and fourth quarter. But we still expect it to be able to double into next year. Alex Henderson -- Needham & Company -- Analyst Is it reasonable to say that you thought you think you could double relative to your prior expectations before you ran into this issue, another words that your capacity would be there to supply the original expectations if you once this totally is resolved assuming it's resolved by year-end. Therefore, we'll be back to prior thought process to double your volume from your original expectations as opposed to from the lower base? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer So, the capacity will be put in place as needed to be able to achieve the demand that we see at the time. We don't have to add capacity now, to have it ready by the end of next year, for example. So we're continuing to evaluate the needed capacity and added as we need to. With respect to doubling it's really too hard -- too early to have a crystal ball for the entire year next year. I think there are certainly scenarios where we could double based on our prior expectations. But we feel comfortable saying we think we can double given where we actually came out in 2018 or where we expect to come out 2018. Alex Henderson -- Needham & Company -- Analyst And do you think that there is any lingering share loss as a result of this with the core customer that you were working with to resolve the issue with or is this just a dividend need trajectory in your back to where you would have been otherwise once it's fully resolved? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer It's hard to say right now, we're still working through this and I can't really say for sure at this point. What I can say what's really important for us is continuing to diversify our customer base, right. And we've made great success in that as Thompson highlighted and I mentioned in my remarks as well. We had seven design wins in the quarter, three of those were for 200-gig products. Several of them were with a new class of customers that is large equipment manufacturers as opposed to data center operator. So I feel very good where we are with our efforts in terms of customer diversification, both in terms of new products, new customers and new classes of customers, that is non-data center operators, for example. And so I think that effort is what's been taking privacy for us, it's our most important effort right now besides, of course, getting back on track relative to deliveries to the customers that we have now. And I think long term that's really the most important thing for all of us to keep in mind, for our business. Alex Henderson -- Needham & Company -- Analyst One last question, I know you don't guide out to 2019, but for the tax rate, I think you talked about 16% in the past, is that still kind of the ballpark that you're thinking for 2019? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer It sounds about right. I -- actually, we haven't done our planning process in detail for 2019. So it's a bit early to give you a precise guess on the tax rate, but that sounds not unreasonable. Alex Henderson -- Needham & Company -- Analyst All right. I'll see the floor. Thank you. Operator Thank you. And the next question comes from James Kisner with Loop Capital Markets. James Kisner -- Loop Capital Markets -- Analyst Hi, thank you. I just want to talk about the balance sheet a little bit, it looks like you burnt some cash here, I'm just wondering -- in Q3. Wondering you're expecting the cash burn in Q4 and obviously inventory both up little bit with product issue, are you anticipating you might have to writedown (inaudible) are you expecting to be able to show at all. And just kind of relatedly, what are your plans for CapEx, are they adapted at all here just given the cash flow pressure in the near term? Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer There's a couple of questions embedded in there. First of all, in terms of the cash balance, it was lower at the end of the quarter. A lot of that went into inventory. As we mentioned, we have a lot of inventory that was partway through the manufacturing process and we weren't able to ship all of that out or complete the manufacturing and ship it all out in the quarter. So we expect that will come back down from here. We think Q3 was probably the high watermark in terms of inventory. So that will start turning back into cash. I think, as we move forward. You asked the question about capital expenditures, and you know as I've kind of mentioned in my previous answer, we are evaluating our capital expenditures and the need to add additional equipment or what have you as we see the demand shaping up. So we don't have to buy equipment, a year in advance in most cases, for example. We can do that much much quicker as we see the demand shaping up. So really our CapEx is defined by what we see in terms of demand over the next couple of quarters and we'll continue to adjust that as we need to and I thought there was another question embedded, oh, you asked about inventory writedown. We had about $1. 5 million of inventory writedowns or reserves in the quarter. I suspect that should be -- most of that should already be -- I mean that's already flushed out in the balance sheet now. I wouldn't expect huge inventory adjustments in the fourth quarter, but a lot of that depends on the testing that we have ongoing at this point. James Kisner -- Loop Capital Markets -- Analyst Okay. That helps. And just sort of you alluded (ph) this a little bit better. I mean there's been a lot of talk about slowing hyperscaling, I mean, in general and just given you're not -- you're shipping recently, maybe you just don't have a good view on that, but just in general thoughts on the hyperscale demand environment as we exit the year and begin kind of Q1. Is it -- are you seeing kind of a slowdown that other folks are also seeing? Thank you. Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer I mean a lot of people have had slowdowns or talked about slowdowns in particular customers. What matters for us, I think, is that we have a few data center customers, but we don't have all of them yet. In particular, we talked about this Chinese datacenter operator and a few other operators that we are working very diligently to get. So I think what matters to us mostly is continuing to diversify and adding new customers. And so whatever happens with our existing customer base, these customers of course are very, very -- they're very quick to react. They're very diligent about managing their needs in terms of bandwidth. And so as we -- they changed their forecast up and down all the time. And so the best thing that we can do to react to that I think is to get a more diversified customer base and make sure that we can average out any fluctuations that we might see over a larger number of customers. And particularly if we can get customers that are in different segments like, for example, the equipment and manufacturers that we talked about earlier. They're primarily selling to an enterprise type data center market. So that's a completely different dynamic and I think one that will help continue to further allow us to minimize our risk associated with any one large customer. Operator Thank you. And this concludes our question-and-answer session. So I would like to turn the floor back to Thompson Lin for any closing comments. Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Okay. And thank you for joining us today as always within our investors, customers and employees. We will continue to support. Operator Thank you. The conference has now concluded. Thank you for attending today's presentation. You may now disconnect your lines. Duration: 34 minutes Call participants: Maria Riley -- Investor Relations for AOI Thompson Lin -- Founder, President, Chief Executive Officer, and Chairman of the Board Stefan J. Murry -- Chief Financial Officer and Chief Strategy Officer Simon Leopold -- Raymond James -- Analyst Paul Silverstein -- Cowen & Company -- Analyst Mark Kelleher -- D.A. Davidson -- Analyst Alex Henderson -- Needham & Company -- Analyst James Kisner -- Loop Capital Markets -- Analyst More AAOI analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see ourTerms and Conditionsfor additional details, including our Obligatory Capitalized Disclaimers of Liability. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2018 Earnings Conference Call Nov. 07, 2018 , 4:30 p.m. I'd now like to turn the conference over to Maria Riley, Investor Relations for AAOI. Davidson -- Analyst Alex Henderson -- Needham & Company -- Analyst James Kisner -- Loop Capital Markets -- Analyst More AAOI analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool.	Davidson -- Analyst Alex Henderson -- Needham & Company -- Analyst James Kisner -- Loop Capital Markets -- Analyst More AAOI analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2018 Earnings Conference Call Nov. 07, 2018 , 4:30 p.m. I'd now like to turn the conference over to Maria Riley, Investor Relations for AAOI.	Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2018 Earnings Conference Call Nov. 07, 2018 , 4:30 p.m. I'd now like to turn the conference over to Maria Riley, Investor Relations for AAOI. Davidson -- Analyst Alex Henderson -- Needham & Company -- Analyst James Kisner -- Loop Capital Markets -- Analyst More AAOI analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool.	Davidson -- Analyst Alex Henderson -- Needham & Company -- Analyst James Kisner -- Loop Capital Markets -- Analyst More AAOI analysis Transcript powered by AlphaStreet This article is a transcript of this conference call produced for The Motley Fool. Applied Optoelectronics Inc (NASDAQ: AAOI) Q3 2018 Earnings Conference Call Nov. 07, 2018 , 4:30 p.m. I'd now like to turn the conference over to Maria Riley, Investor Relations for AAOI.
9653.0	2018-11-04 00:00:00 UTC	Validea's Top Five Technology Stocks Based On Kenneth Fisher - 11/4/2018	AAOI	https://www.nasdaq.com/articles/valideas-top-five-technology-stocks-based-kenneth-fisher-1142018-2018-11-04	nan	nan	The following are the top rated Technology stocks according to Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher . This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap value stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Kenneth Fisher is 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here CANON INC (ADR) ( CAJ ) is a large-cap value stock in the Computer Peripherals industry. The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Canon Inc. (Canon) is a manufacturer of office multifunction devices (MFDs), plain paper copying machines, laser printers, inkjet printers, cameras and lithography equipment. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Each of these subsidiaries is responsible for marketing and distribution to retail dealers in an assigned territory. Canon operates its business in three segments: the Office Business Unit, the Imaging System Business Unit, and the Industry and Others Business Unit. Canon's research and development activities range from basic research to product-oriented research directed at maintaining Canon's technological operations in the marketplace. Canon has manufacturing subsidiaries in a range of countries, including the United States, Germany, France, the Netherlands, Taiwan, China, Malaysia, Thailand, Vietnam and the Philippines. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here AXCELIS TECHNOLOGIES INC ( ACLS ) is a small-cap value stock in the Semiconductors industry. The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Axcelis Technologies, Inc. designs, manufactures and services ion implantation and other processing equipment used in the fabrication of semiconductor chips. The Company also provides aftermarket lifecycle products and services, including used tools, spare parts, equipment upgrades, maintenance services and customer training. The Company offers a complete line of high energy, high current and medium current implanters for all application requirements. The Company's Purion XE high energy system combines its radio frequency ( RF ) Linac high energy, spot beam technology with the Purion platform. The Company also offers the Purion M medium current system. The Company's Purion M systems also offer differentiation for specialty applications, such as hot silicon carbide. The Company's Purion H high current system is extendable into ultra-low energy applications to satisfy future process requirements, including leakage current performance. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here SUPER MICRO COMPUTER, INC. (SMCI) is a small-cap value stock in the Computer Hardware industry. The rating according to our strategy based on Kenneth Fisher is 70% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. The Company's solutions range from server, storage, blade and workstations to full racks, networking devices, server management software and technology support and services. The Company sells its server systems and server subsystems and accessories through a combination of distributors, including value added resellers and system integrators, and other equipment manufacturers (OEMs). As of June 30, 2016, the Company offered over 4,950 stock keeping units (SKUs), including SKUs for server and storage systems, serverboards, chassis, power supplies and other system accessories. The Company develops and manufactures server solutions based upon a modular and open architecture. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NOKIA OYJ (ADR) (NOK) is a large-cap value stock in the Communications Equipment industry. The rating according to our strategy based on Kenneth Fisher is 70% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market. The Company's businesses include Nokia Networks and Nokia Technologies. The Company's segments include Ultra Broadband Networks, IP Networks and Applications, and Nokia Technologies. The Ultra Broadband Networks segment comprises Mobile Networks and Fixed Networks operating segments. The IP Networks and Applications segment comprises IP/Optical Networks and Applications & Analytics operating segments. The Applications & Analytics operating segment offers software solutions spanning customer experience management, network operations and management, communications and collaboration, policy and charging, as well as Cloud, Internet of things (IoT), security, and analytics platforms that enable digital services providers and enterprises to accelerate and optimize their customer experience. The Company has Comptel Oyj among its subsidiaries. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Kenneth Fisher has returned 334.35% vs. 172.19% for the S&P 500. For more details on this strategy, click here About Kenneth Fisher : The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap value stock in the Electronic Instr. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. Canon has manufacturing subsidiaries in a range of countries, including the United States, Germany, France, the Netherlands, Taiwan, China, Malaysia, Thailand, Vietnam and the Philippines.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap value stock in the Electronic Instr. Company Description: Super Micro Computer, Inc. is engaged in developing and providing end-to-end green computing solutions to the cloud computing, data center, enterprise information technology (IT), big data, high performance computing (HPC) and Internet of Things (IoT)/embedded markets. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here NOKIA OYJ (ADR) (NOK) is a large-cap value stock in the Communications Equipment industry.	The rating according to our strategy based on Kenneth Fisher is 80% based on the firm's underlying fundamentals and the stock's valuation. APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap value stock in the Electronic Instr. The rating according to our strategy based on Kenneth Fisher is 90% based on the firm's underlying fundamentals and the stock's valuation.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap value stock in the Electronic Instr. Canon sells its products principally under the Canon brand name and through sales subsidiaries. Company Description: Nokia Oyj is a Finland-based company engaged in the network and Internet protocol (IP) infrastructure, software, and related services market.
9654.0	2018-11-02 00:00:00 UTC	Applied Optoelectronics (AAOI) Q3 Earnings: What's in Store?	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-q3-earnings%3A-whats-in-store-2018-11-02	nan	nan	Applied Optoelectronics, Inc.AAOI is set to report third-quarter 2018 results on Nov 7. The company's earnings beat the Zack Consensus Estimate in three of the trailing four quarters, delivering an average positive surprise of 10.67%. In second-quarter 2018, Applied Optoelectronics posted non-GAAP earnings of 64 cents per share, which beat the Zacks Consensus Estimate by 20 cents per share. Revenues of $87.8 million beat the Zacks Consensus Estimate of $77 million. However, revenues decreased 25.2% from the year-ago quarter's figure of $117.4 million. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $56.77 million, while that for earnings stands at breakeven. Let's see how things are shaping up prior to the upcoming announcement. Quality Issues & Production Constraints to Hurt TopLine Ahead of third-quarter earnings release, Applied Optoelectronics drastically reduced its revenue guidance on the back of quality issues in 25G lasers. Notably, the company provided the new guidance in the range of $55 million to$58 million,down from the earlier guided figure of $82 million to $92 million. The issue experienced with a specific customer environment resulted in temporary suspension of certain transceivers. We believe that the issue may also affect Applied Optoelectronics agreement with Facebook FB , given their transceivers contract for calendar year 2018. If Facebook chooses other peers over the ongoing quality issue, Applied Optoelectronics may lose market share due to the loss of a key customer. Notably, Facebook contributed about 29% to the company's total revenues in fiscal 2017. Moreover, due fewer customer requirements, the company had to incorporate additional testing procedures in the manufacturing process, which will lead to lower transceivers production in the soon-to-be reported quarter. Applied Optoelectronics is also exposed to significant customer concentration risk. In fiscal 2017, Amazon AMZN , Facebook and Microsoft MSFT together contributed about 78% to total revenues. Constrains in production coupled with quality issues may likely hurt the company's competitive prowess. Moreover, increased expenses along with the ongoing trade war between the Unites States and China is expected to hurt the company's profitability in the near term. Applied Optoelectronics, Inc. Price and EPS Surprise Applied Optoelectronics, Inc. Price and EPS Surprise \| Applied Optoelectronics, Inc. Quote Demand for Datacenter Likely to Boost Investor Confidence However, increased demand for its datacenter products continued to drive top-line growth in second-quarter 2018. Management noted that, with strong growth for data traffic, datacenter operators are anticipated to expand their datacenters. This will eventually lead to increased datacenter product revenues for Applied Optoelectronics, thereby driving top-line. Notably, in the last reported quarter, datacenter revenues contributed about 79% to total revenues. Additionally, the company secured seven design wins in the quarter including one 100G win from China. For the second half of the year management expects demand for 100G to more than double. Applied Optoelectronics currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Today's Stocks from Zacks' Hottest Strategies It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6% and +67.1%. And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics, Inc.AAOI is set to report third-quarter 2018 results on Nov 7. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. If Facebook chooses other peers over the ongoing quality issue, Applied Optoelectronics may lose market share due to the loss of a key customer.	Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI is set to report third-quarter 2018 results on Nov 7. In second-quarter 2018, Applied Optoelectronics posted non-GAAP earnings of 64 cents per share, which beat the Zacks Consensus Estimate by 20 cents per share.	Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics, Inc.AAOI is set to report third-quarter 2018 results on Nov 7. Quality Issues & Production Constraints to Hurt TopLine Ahead of third-quarter earnings release, Applied Optoelectronics drastically reduced its revenue guidance on the back of quality issues in 25G lasers.	Applied Optoelectronics, Inc.AAOI is set to report third-quarter 2018 results on Nov 7. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $56.77 million, while that for earnings stands at breakeven.
9655.0	2018-10-09 00:00:00 UTC	Why Applied Optoelectronics Inc. Stock Fell 40% Last Month	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-fell-40-last-month-2018-10-09	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 40.4% in September, according to data from S&P Global Market Intelligence . The fiber-optic networking specialist suffered three separate single-day drops of at least 10%, setting fresh 52-week lows in the process. So what In early September, an analyst downgraded two of Applied Optoelectronics' chief rivals. The downgrade cited issues such as slow orders for certain types of optical networking products and the then-upcoming impact of new trade tariffs on goods made in China. A lot of Applied's manufacturing happens inside that country, and the same analyst had already noted that the company looks vulnerable to those trade-war tariffs, so the stock fell more than 11% that day . Three weeks later, another analyst posted a downgrade specifically for Applied Optoelectronics. Loop Capital Markets' James Kisner said that quality control problems with certain lasers made by the company could hurt profit margins and market share in upcoming quarters. The stock took another 10% fall in a single trading session. And the very next day, Applied Optoelectronics' management slashed its third-quarter revenue targets due to exactly the type of quality control issues that Loop Capital had identified. That triggered a 15% plunge . Now what The troubling quality control difficulties reportedly affect less than 1% of Applied Optoelectronics' lasers and a similarly small portion of the transceivers using the component. Shipments are back on track after a temporary pause, but the damage has already been done to this company's credibility. With or without tariff-boosted prices, major clients might go for other transceiver brands in order to avoid the risk of another manufacturing gaffe. Investors will have to wait until early November's full third-quarter report to get a better sense of how this incident affected Applied Optoelectronics' long-term order flow. Until then, the plunging stock prices make a lot of sense. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 40.4% in September, according to data from S&P Global Market Intelligence . The downgrade cited issues such as slow orders for certain types of optical networking products and the then-upcoming impact of new trade tariffs on goods made in China. And the very next day, Applied Optoelectronics' management slashed its third-quarter revenue targets due to exactly the type of quality control issues that Loop Capital had identified.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 40.4% in September, according to data from S&P Global Market Intelligence . And the very next day, Applied Optoelectronics' management slashed its third-quarter revenue targets due to exactly the type of quality control issues that Loop Capital had identified. Now what The troubling quality control difficulties reportedly affect less than 1% of Applied Optoelectronics' lasers and a similarly small portion of the transceivers using the component.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 40.4% in September, according to data from S&P Global Market Intelligence . A lot of Applied's manufacturing happens inside that country, and the same analyst had already noted that the company looks vulnerable to those trade-war tariffs, so the stock fell more than 11% that day . 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 40.4% in September, according to data from S&P Global Market Intelligence . Loop Capital Markets' James Kisner said that quality control problems with certain lasers made by the company could hurt profit margins and market share in upcoming quarters. Until then, the plunging stock prices make a lot of sense.
9656.0	2018-10-04 00:00:00 UTC	Is Applied Optoelectronics a Buy?	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-buy-2018-10-04	nan	nan	It's official: The short-lived Applied Optoelectronics (NASDAQ: AAOI) rally is over . Tariffs on products coming out of China got the snowball started, but internal product quality issues were ultimately what caused the avalanche. As of this writing, shares of the optical networking manufacturer are half the value they were during the summer of 2018. The last time the stock was at these levels, it set up a great buying opportunity . While this could be the case once again, investors not interested in babysitting might want to steer clear. What happened this time? After bottoming out in the spring of 2018, AOI shares started to rebound as its sales slide started to subside. Management has also been talking up its deals with new customers and development of next-gen products for the data center market. That led to optimism that sales would return to growth in 2019. The feel-good started to wane, though, with the recent round of tariffs announced between the U.S. and China in September. AOI has one of its three manufacturing facilities in China, which meant some of its product would be assessed an extra tax when entering the states. With data center build-out in North America still the primary moneymaker for AOI, there was concern that higher pricing due to tariffs or the relocation of AAOI's China facility to Taiwan or Texas would lead customers to look elsewhere for product. As it turns out, tariffs weren't what led to a halt in AOI sales. The company recently updated its guidance for third quarter 2018 revenue to $55 million to $58 million. During its second-quarter report, management told investors to look for sales of $82 million to $92 million in the third quarter. CEO Dr. Thompson Lin said the one-third reduction in sales was due to a temporary issue with some of its lasers: Progress masked by a circus stock This setback appears to be temporary and AOI won't suffer any long-term repercussions from the freeze in shipments during the third quarter. However, investors won't know for sure -- and whether the lost sales will be made up for -- until AOI gives its official report on Nov. 7. Thus, it's possible that this is just another speed bump for the manufacturer -- albeit a pretty big one. There is a lesson to be learned here. AOI is making progress diversifying its clients; during the second quarter, the company said it picked up seven new customers, including a deal with an undisclosed data center operator in China. Facebook became a big patron in 2017, further reducing AOI's dependence on Amazon . The third-quarter update proves the optics maker has a long way to go, though. At the end of 2017, Amazon and Facebook accounted for 35.4% and 28.6% of total revenue, respectively, making them by far AAOI's biggest customers. With sales guidance suddenly taking a similar haircut, it would seem that Amazon or Facebook were the culprit and that they still wield a great deal of power over AOI's results. After the tumble, AOI shares have a one-year trailing and forward price-to-earnings ratio of 13.3 and 9.3, respectively. That's cheap, but it doesn't include the third quarter, which is certain to be ugly. Nevertheless, depending on management's comments in November, now could be a good buying opportunity to catch a rebound if all is well. I'm waiting until then to make a decision. Either way, with AOI still struggling to manage and diversify its sales, remember to keep those positions small. For investors who can't stomach the big swings in stock price, it would be best to ignore this one altogether. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Nicholas Rossolillo and his clients own shares of Facebook. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	With data center build-out in North America still the primary moneymaker for AOI, there was concern that higher pricing due to tariffs or the relocation of AAOI's China facility to Taiwan or Texas would lead customers to look elsewhere for product. It's official: The short-lived Applied Optoelectronics (NASDAQ: AAOI) rally is over . At the end of 2017, Amazon and Facebook accounted for 35.4% and 28.6% of total revenue, respectively, making them by far AAOI's biggest customers.	It's official: The short-lived Applied Optoelectronics (NASDAQ: AAOI) rally is over . With data center build-out in North America still the primary moneymaker for AOI, there was concern that higher pricing due to tariffs or the relocation of AAOI's China facility to Taiwan or Texas would lead customers to look elsewhere for product. At the end of 2017, Amazon and Facebook accounted for 35.4% and 28.6% of total revenue, respectively, making them by far AAOI's biggest customers.	With data center build-out in North America still the primary moneymaker for AOI, there was concern that higher pricing due to tariffs or the relocation of AAOI's China facility to Taiwan or Texas would lead customers to look elsewhere for product. It's official: The short-lived Applied Optoelectronics (NASDAQ: AAOI) rally is over . At the end of 2017, Amazon and Facebook accounted for 35.4% and 28.6% of total revenue, respectively, making them by far AAOI's biggest customers.	It's official: The short-lived Applied Optoelectronics (NASDAQ: AAOI) rally is over . With data center build-out in North America still the primary moneymaker for AOI, there was concern that higher pricing due to tariffs or the relocation of AAOI's China facility to Taiwan or Texas would lead customers to look elsewhere for product. At the end of 2017, Amazon and Facebook accounted for 35.4% and 28.6% of total revenue, respectively, making them by far AAOI's biggest customers.
9657.0	2018-10-02 00:00:00 UTC	Validea Kenneth Fisher Strategy Daily Upgrade Report - 10/2/2018	AAOI	https://www.nasdaq.com/articles/validea-kenneth-fisher-strategy-daily-upgrade-report-1022018-2018-10-02	nan	nan	The following are today's upgrades for Validea's Price/Sales Investor model based on the published strategy of Kenneth Fisher . This value strategy rewards stocks with low P/S ratios, long-term profit growth, strong free cash flow and consistent profit margins. CAL-MAINE FOODS INC ( CALM ) is a mid-cap growth stock in the Fish/Livestock industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The Company operates through the segment of production, grading, packaging, marketing and distribution of shell eggs. It offers shell eggs, including specialty and non-specialty eggs. It classifies cage free, organic and brown eggs as specialty products. It classifies all other shell eggs as non-specialty products. The Company markets its specialty shell eggs under the brands, including Egg-Land's Best, Land O' Lakes, Farmhouse and 4-Grain. The Company, through Egg-Land's Best, Inc. ( EB ), produces, markets and distributes Egg-Land's Best and Land O' Lakes branded eggs. It markets cage-free eggs under its Farmhouse brand and distributes them throughout southeast and southwest regions of the United States. It markets organic, wholesome, cage-free, vegetarian and omega-3 eggs under its 4-Grain brand. It also produces, markets and distributes private label specialty shell eggs to customers. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here TELEFONICA BRASIL SA (ADR) ( VIV ) is a large-cap value stock in the Communications Services industry. The rating according to our strategy based on Kenneth Fisher changed from 58% to 80% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Telefonica Brasil S.A. is a mobile telecommunications company in Brazil offering postpaid mobile services. The Company also operates as a fixed telecommunications company in the state of Sao Paulo. The Company markets its mobile services under its Vivo brand. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home ( DTH ), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 90% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television (CATV), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here THE RUBICON PROJECT INC (RUBI) is a small-cap growth stock in the Software & Programming industry. The rating according to our strategy based on Kenneth Fisher changed from 48% to 60% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: The Rubicon Project, Inc. offers a technology solution to automate the purchase and sale of advertising for buyers and sellers. The Company's solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards. The Company's platform features applications for digital advertising sellers, including Websites, mobile applications and other digital media properties, to sell their advertising inventory; applications and services for buyers, including advertisers, agencies, agency trading desks (ATDs), demand side platforms (DSPs) and advertisement networks, to buy advertising inventory, and a marketplace over which such transactions are executed. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Kenneth Fisher has returned 363.17% vs. 192.34% for the S&P 500. For more details on this strategy, click here About Kenneth Fisher : The son of Philip Fisher, who is considered the "Father of Growth Investing", Kenneth Fisher is a money manager, bestselling author, and longtime Forbes columnist. The younger Fisher wowed Wall Street in the mid-1980s when his book Super Stocks first popularized the idea of using the price/sales ratio (PSR) as a means of identifying attractive stocks. According to his alma mater, Humboldt State University, Fisher is also one of the world's foremost experts on 19th century logging. Appropriately, Fisher's firm, Fisher Investments, is located in a lush forest preserve in Woodside, California, where the contrarian-minded Fisher says he and his employees can get away from Wall Street groupthink. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. It offers its clients a portfolio of products, including mobile and fixed voice, mobile data, fixed broadband, ultra-fast broadband, Pay television, information technology and digital services. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home ( DTH ), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. Its operations consist of local and long distance fixed telephone services; mobile services, including value-added services; data services, including broadband services and mobile data services; Pay television services through direct to home ( DTH ), Internet protocol television (IPTV) and cable; network services, such as rental of facilities, as well as other services; wholesale services, including interconnection; digital services; services designed specifically for corporate customers, and the sale of wireless devices and accessories. The Company's solution enables buyers and sellers to purchase and sell a range of advertising units, including display and video; utilizing various inventory types, including direct sale of inventory and real-time bidding (RTB), and across digital channels, including mobile Web, mobile application and desktop, as well as across various out of home channels, such as digital billboards.	For a full detailed analysis using NASDAQ's Guru Analysis tool, click here APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. Company Description: Cal-Maine Foods, Inc. is a producer and marketer of shell eggs in the United States. The Company markets its specialty shell eggs under the brands, including Egg-Land's Best, Land O' Lakes, Farmhouse and 4-Grain.
9658.0	2018-10-02 00:00:00 UTC	Validea Peter Lynch Strategy Daily Upgrade Report - 10/2/2018	AAOI	https://www.nasdaq.com/articles/validea-peter-lynch-strategy-daily-upgrade-report-1022018-2018-10-02	nan	nan	The following are today's upgrades for Validea's P/E/Growth Investor model based on the published strategy of Peter Lynch . This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. & Controls industry. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for networking end markets, such as Internet data center, cable television ( CATV ), fiber-to-the-home (FTTH) and telecommunications (telecom). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to turnkey equipment. To Internet-based data center operators, it supplies optical transceivers that plug into switches and servers within the data center and allow these network devices to send and receive data over fiber optic cables. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ADVANCED DRAINAGE SYSTEMS INC ( WMS ) is a small-cap growth stock in the Fabricated Plastic & Rubber industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe. The Company operates through two segments: Domestic and International. The Domestic segment manufactures and markets products throughout the United States. The International segment manufactures and markets products in certain regions outside of the United States, with a focus on its owned facilities in Canada and through its joint ventures with local partners in Mexico, Central America and South America. Its product line includes corrugated high density polyethylene (HDPE) pipe, polypropylene (PP) pipe and related water management products. Its products are used across a range of end markets and applications, including non-residential, residential, agriculture and infrastructure applications. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here RYANAIR HOLDINGS PLC (ADR) ( RYAAY ) is a large-cap value stock in the Airline industry. The rating according to our strategy based on Peter Lynch changed from 72% to 74% based on the firm's underlying fundamentals and the stock's valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. Company Description: Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair). Ryanair operates an ultra-low fare, scheduled-passenger airline serving short-haul, point-to-point routes between Ireland, the United Kingdom, Continental Europe, Morocco and Israel. Ryanair provides various ancillary services and engages in other activities connected with its core air passenger service, including non-flight scheduled services, Internet-related services, and the in-flight sale of beverages, food and merchandise. Ryanair markets accommodation services and travel insurance through its Website. It provides hotel and accommodation services. Ryanair provides its own aircraft and passenger handling and ticketing services at Dublin Airport. As of June 30, 2016, Ryanair had a principal fleet of over 350 Boeing 737-800 aircraft and offered over 2,000 scheduled short-haul flights per day serving approximately 200 airports throughout Europe. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here Since its inception, Validea's strategy based on Peter Lynch has returned 417.06% vs. 192.34% for the S&P 500. For more details on this strategy, click here About Peter Lynch : Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts. About Validea : Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company designs, manufactures and integrates its own analog and digital lasers using a combination of Metal Organic Chemical Vapor Deposition (MOCVD) and its Molecular Beam Epitaxy (MBE) fabrication process. Company Description: Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. For a full detailed analysis using NASDAQ's Guru Analysis tool, click here ADVANCED DRAINAGE SYSTEMS INC ( WMS ) is a small-cap growth stock in the Fabricated Plastic & Rubber industry. Company Description: Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe.	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The rating according to our strategy based on Peter Lynch changed from 74% to 93% based on the firm's underlying fundamentals and the stock's valuation. Company Description: Ryanair Holdings plc (Ryanair Holdings) is a holding company for Ryanair Limited (Ryanair).	APPLIED OPTOELECTRONICS INC ( AAOI ) is a small-cap growth stock in the Electronic Instr. The Company supplies a range of products, including lasers, transmitters and transceivers, and turnkey equipment, to the CATV market. Company Description: Advanced Drainage Systems, Inc. is engaged in designing, manufacturing and marketing of thermoplastic corrugated pipe and related water management products, primarily in North and South America, and Europe.
9659.0	2018-09-28 00:00:00 UTC	Why Applied Optoelectronics, Inc. Shares Fell 14% Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-shares-fell-14-today-2018-09-28	nan	nan	What happened Fiber-optic networking specialist Applied Optoelectronics (NASDAQ: AAOI) slashed its third-quarter revenue guidance early Friday morning, sending its shares sharply lower. As of 10:35 a.m. EDT, Applied Optoelectronics traded 14.5% below Thursday's closing price. So what The company now sees third-quarter revenue landing near $57 million -- far below the original guidance target of roughly $87 million. CEO Thompson Lin explained that his company ran into quality issues with some of its 25-gigabit lasers, forcing Applied Optoelectronics to suspend transceiver shipments to a specific -- but unnamed -- customer. "We have since determined that less than 1% of these lasers were subject to this issue, we have enacted a solution and with the agreement of the customer, resumed shipments," Lin said in a prepared statement. Now what The situation most likely involves one of Applied Optoelectronics' largest clients since a temporary suspension of shipments for a specific transceiver model to a single client drove third-quarter sales 35% lower. Lin confirmed that no other accounts were rattled by this issue: "Outside of the temporary delay in shipments that impacted our third-quarter revenue, sales and shipments as well as the pricing environment were consistent with our prior expectations." It would be good to know whether Applied Optoelectronics lost the missing orders to its rivals or simply pushed most of them into a later reporting period. Unfortunately, this update didn't supply enough information to solve that riddle. Management did not change its bottom-line target and declined to update full-year revenue guidance. To get that level of detail, investors will have to wait for the third-quarter report, currently scheduled for Nov. 7. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Fiber-optic networking specialist Applied Optoelectronics (NASDAQ: AAOI) slashed its third-quarter revenue guidance early Friday morning, sending its shares sharply lower. CEO Thompson Lin explained that his company ran into quality issues with some of its 25-gigabit lasers, forcing Applied Optoelectronics to suspend transceiver shipments to a specific -- but unnamed -- customer. "We have since determined that less than 1% of these lasers were subject to this issue, we have enacted a solution and with the agreement of the customer, resumed shipments," Lin said in a prepared statement.	What happened Fiber-optic networking specialist Applied Optoelectronics (NASDAQ: AAOI) slashed its third-quarter revenue guidance early Friday morning, sending its shares sharply lower. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Fiber-optic networking specialist Applied Optoelectronics (NASDAQ: AAOI) slashed its third-quarter revenue guidance early Friday morning, sending its shares sharply lower. Now what The situation most likely involves one of Applied Optoelectronics' largest clients since a temporary suspension of shipments for a specific transceiver model to a single client drove third-quarter sales 35% lower. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Fiber-optic networking specialist Applied Optoelectronics (NASDAQ: AAOI) slashed its third-quarter revenue guidance early Friday morning, sending its shares sharply lower. CEO Thompson Lin explained that his company ran into quality issues with some of its 25-gigabit lasers, forcing Applied Optoelectronics to suspend transceiver shipments to a specific -- but unnamed -- customer. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9660.0	2018-09-27 00:00:00 UTC	Why Applied Optoelectronics, Inc. Stock Dropped Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-dropped-today-2018-09-27	nan	nan	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 10.3% as of 3:15 p.m. EDT Thursday after an analyst downgraded shares of the fiber-optic networking products specialist. More specifically, Loop Capital Markets analyst James Kisner reduced his rating on Applied Optoelectronics to sell from hold and simultaneously slashed his per-share price target on the stock to $20 from $45. For perspective, shares closed yesterday at $31.34. So what To explain his bearish shift, Kisner asserted that quality-control issues for laser components within certain of Applied Optoelectronics' transceiver products could negatively impact both gross margins and its market share going forward. In addition, Kisner cited an increasingly difficult industry pricing environment for those products relative to his firm's previous expectations. Now what It likely doesn't help that Kisner isn't the only analyst to voice concerns for the optical industry and Applied Optoelectronics, in particular. Shares also plunged earlier this month after B. Riley's Dave Kang not only worried that demand for some AAOI optical products "has become choppy," but also warned that recently proposed tariffs could result in project delays from certain customers. In any case, with shares still reeling from that earlier downgrade but trading well above their 52-week lows set in April, it's hard to blame investors for taking another step back from Applied Optoelectronics stock today. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Steve Symington has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares also plunged earlier this month after B. Riley's Dave Kang not only worried that demand for some AAOI optical products "has become choppy," but also warned that recently proposed tariffs could result in project delays from certain customers. What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 10.3% as of 3:15 p.m. EDT Thursday after an analyst downgraded shares of the fiber-optic networking products specialist. So what To explain his bearish shift, Kisner asserted that quality-control issues for laser components within certain of Applied Optoelectronics' transceiver products could negatively impact both gross margins and its market share going forward.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 10.3% as of 3:15 p.m. EDT Thursday after an analyst downgraded shares of the fiber-optic networking products specialist. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Shares also plunged earlier this month after B. Riley's Dave Kang not only worried that demand for some AAOI optical products "has become choppy," but also warned that recently proposed tariffs could result in project delays from certain customers.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 10.3% as of 3:15 p.m. EDT Thursday after an analyst downgraded shares of the fiber-optic networking products specialist. Shares also plunged earlier this month after B. Riley's Dave Kang not only worried that demand for some AAOI optical products "has become choppy," but also warned that recently proposed tariffs could result in project delays from certain customers. In any case, with shares still reeling from that earlier downgrade but trading well above their 52-week lows set in April, it's hard to blame investors for taking another step back from Applied Optoelectronics stock today.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 10.3% as of 3:15 p.m. EDT Thursday after an analyst downgraded shares of the fiber-optic networking products specialist. Shares also plunged earlier this month after B. Riley's Dave Kang not only worried that demand for some AAOI optical products "has become choppy," but also warned that recently proposed tariffs could result in project delays from certain customers. Now what It likely doesn't help that Kisner isn't the only analyst to voice concerns for the optical industry and Applied Optoelectronics, in particular.
9661.0	2018-09-27 00:00:00 UTC	Applied Optoelectronics Stock Is a Falling Machete That’s Worth Catching	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-stock-falling-machete-thats-worth-catching-2018-09-27	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Yesterday, the stock market moved on headlines from the U.S. Federal Reserve decision to raise rates. This morning, Applied Optoelectronics (NASDAQ: AAOI ) is moving on its own set of headlines and it's not looking good for AAOI stock. Loop Capital downgraded it to sell and AAOI stock is falling 10% on the news. Loop Capital also lowered the price target to $20 per share, which is still considerably lower than its current price. Therein lies an opportunity to take the other side of this thesis. I consider this to be a speculative trade inside a conservative portfolio, so I will set a short leash on it and I won't let a trade become an investment. Fundamentally, AAOI is not bloated, as it sells at a 20 price-to-earnings ratio for the trailing 12 months. There is room to fall but it's not an outrageous overvaluation. This downgrade is more for future hurdles than the current situation on the stock. Today's setup in Applied Optoelectronics stock is a purely technical attempt to catch this falling machete. This is a stock that has a high short interest and, for now, it seems that the bears are right about it. 15 Best S&P 500 Stocks for the Rest of 2018 I am not here trying to catch a bounce in AAOI stock, but rather bet on the floor below. This is a stock that has fallen 17% year-to-date with no signs of stabilization. So I will use options to limit my exposure and build another buffer, even from this morning's drop. How to Trade AAOI Stock on This Dip I usually require value in order to sell downside risk into it. But in this case it's a pure bet against price action, so my conviction is low. This means that I have to have the discipline to raise the white flag if the price action goes against me. The first level of support should be around $27.50 and below it comes this year's low of $23 per share. AAOI management reports earnings early November, so it will be interesting to see what they have to say about the impact of the tariff Wars on their business. Depending on the price action between now and then, I may need to defend the position through the earnings event with shorter-term options. Meanwhile, I will use today's trade to try to generate income without any immediate out-of-pocket expense. This is a rinse-and-repeat trade for me on almost exactly the same setup months ago. The Bet: Sell the AAOI Jan 2019 $17.50 put and collect 50 cents per contract to open. I have a 85% theoretical certainty so that I retain maximum gains. Otherwise, I will accumulate losses below $17. Selling naked puts carries big risk, especially for a stock as frothy as AAOI. For those who want to mitigate it, they can sell a spread instead. The Alternate Trade: Sell the AAOI Jan 2019 $17.50/$15 credit put spread, where there is about the same odds of winning but with much less risk. Yet the spread would yield 15% if successful. Click here for more of my market thesis and get an ongoing free copy of my weekly newsletters. Nicolas Chahine is the managing director of SellSpreads.com . As of this writing, he did not hold a position in any of the aforementioned securities. You can follow him as @racernic on twitter and stocktwits . More From InvestorPlace 10 Stocks to Buy in October 10 Dow Jones Stocks to Finish the Year Strong 10 Tech Stocks That Will Disappear by 2027 - And Tesla Is One of Them 10 'Buy-and-Hold' Stocks to Own Forever Compare Brokers The post Applied Optoelectronics Stock Is a Falling Machete That's Worth Catching appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	AAOI management reports earnings early November, so it will be interesting to see what they have to say about the impact of the tariff Wars on their business. The Alternate Trade: Sell the AAOI Jan 2019 $17.50/$15 credit put spread, where there is about the same odds of winning but with much less risk. This morning, Applied Optoelectronics (NASDAQ: AAOI ) is moving on its own set of headlines and it's not looking good for AAOI stock.	This morning, Applied Optoelectronics (NASDAQ: AAOI ) is moving on its own set of headlines and it's not looking good for AAOI stock. Loop Capital downgraded it to sell and AAOI stock is falling 10% on the news. Fundamentally, AAOI is not bloated, as it sells at a 20 price-to-earnings ratio for the trailing 12 months.	15 Best S&P 500 Stocks for the Rest of 2018 I am not here trying to catch a bounce in AAOI stock, but rather bet on the floor below. This morning, Applied Optoelectronics (NASDAQ: AAOI ) is moving on its own set of headlines and it's not looking good for AAOI stock. Loop Capital downgraded it to sell and AAOI stock is falling 10% on the news.	Loop Capital downgraded it to sell and AAOI stock is falling 10% on the news. This morning, Applied Optoelectronics (NASDAQ: AAOI ) is moving on its own set of headlines and it's not looking good for AAOI stock. Fundamentally, AAOI is not bloated, as it sells at a 20 price-to-earnings ratio for the trailing 12 months.
9662.0	2018-09-24 00:00:00 UTC	Notable Monday Option Activity: PM, PRO, AAOI	AAOI	https://www.nasdaq.com/articles/notable-monday-option-activity-pm-pro-aaoi-2018-09-24	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Philip Morris International Inc (Symbol: PM), where a total volume of 25,835 contracts has been traded thus far today, a contract volume which is representative of approximately 2.6 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 43.7% of PM's average daily trading volume over the past month, of 5.9 million shares. Especially high volume was seen for the $87.50 strike call option expiring November 16, 2018 , with 3,498 contracts trading so far today, representing approximately 349,800 underlying shares of PM. Below is a chart showing PM's trailing twelve month trading history, with the $87.50 strike highlighted in orange: Pros Holdings Inc (Symbol: PRO) saw options trading volume of 1,062 contracts, representing approximately 106,200 underlying shares or approximately 43.2% of PRO's average daily trading volume over the past month, of 246,040 shares. Particularly high volume was seen for the $35 strike call option expiring October 19, 2018 , with 367 contracts trading so far today, representing approximately 36,700 underlying shares of PRO. Below is a chart showing PRO's trailing twelve month trading history, with the $35 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,785 contracts, representing approximately 478,500 underlying shares or approximately 42.8% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $37.50 strike put option expiring January 18, 2019 , with 857 contracts trading so far today, representing approximately 85,700 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for PM options , PRO options , or AAOI options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $37.50 strike put option expiring January 18, 2019 , with 857 contracts trading so far today, representing approximately 85,700 underlying shares of AAOI. Below is a chart showing PRO's trailing twelve month trading history, with the $35 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,785 contracts, representing approximately 478,500 underlying shares or approximately 42.8% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for PM options , PRO options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing PRO's trailing twelve month trading history, with the $35 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,785 contracts, representing approximately 478,500 underlying shares or approximately 42.8% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $37.50 strike put option expiring January 18, 2019 , with 857 contracts trading so far today, representing approximately 85,700 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for PM options , PRO options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing PRO's trailing twelve month trading history, with the $35 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,785 contracts, representing approximately 478,500 underlying shares or approximately 42.8% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $37.50 strike put option expiring January 18, 2019 , with 857 contracts trading so far today, representing approximately 85,700 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for PM options , PRO options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing PRO's trailing twelve month trading history, with the $35 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,785 contracts, representing approximately 478,500 underlying shares or approximately 42.8% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Particularly high volume was seen for the $37.50 strike put option expiring January 18, 2019 , with 857 contracts trading so far today, representing approximately 85,700 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $37.50 strike highlighted in orange: For the various different available expirations for PM options , PRO options , or AAOI options , visit StockOptionsChannel.com.
9663.0	2018-09-16 00:00:00 UTC	Tariff Talk Sinks Applied Optoelectronics Stock Over 20%, but the Worry Is Overdone	AAOI	https://www.nasdaq.com/articles/tariff-talk-sinks-applied-optoelectronics-stock-over-20-worry-overdone-2018-09-16	nan	nan	Shares of fiber optic networking manufacturer Applied Optoelectronics (NASDAQ: AAOI) fell as much as 25% in late August through early September on tariff worries. Comments from the White House that taxes could be imposed on virtually all goods imported into the U.S. from China sent investors scurrying for the exits, and Wall Street analyst downgrades of some of AOI's peers didn't help either. Since the company has operations in China, it could be argued that the political concerns are valid. However, AOI is in good shape, and after another stock price adjustment, shares look like a value play again. Why some are concerned At the beginning of September, President Trump warned he might tax another $267 billion in Chinese goods. After a couple of rounds of tariffs already imposed, that means virtually all goods imported to the U.S. from China would get hit with a tax. Why is that bad news for Sugarland, Texas-based Applied Optoelectronics? Because AOI has three manufacturing facilities: one in Sugarland; one in Taipei, Taiwan; and a third in Ningbo, China. AOI spreads component manufacturing and different levels of its vertically integrated operations across all of its facilities, but the China factory plays a crucial role. The company explained it this way in its last annual report (emphasis is mine): In addition, AOI is spending $90 million this year in capital expenditures, part of which includes a new facility in Ningbo, China, that recently broke ground and is expected to be completed in 2020. AOI doesn't say specifically how much of its manufacturing is done on mainland China, nor does it break down the specifics on the geographies in which its final product is sold. However, there is concern that any product that originates -- or has components that originate -- from China will get an extra tax, and that the extra cost will cause AOI to lose orders from its customers. A toxic situation or value play? AOI's management is aware of the tariff concerns and addressed them during its last conference call. CFO Stefan Murray had this to say: In other words, AOI thinks everything will be OK because it can move manufacturing around to account for taxes and/or the final destination of the product (such as, if a product is sold to Europe instead of the U.S.). Still, the fact that labor-intensive production might have to leave China for either Taiwan or the U.S. to avoid new taxes could mean much lower profit margins. That would be a lose-lose situation. The concerns could be premature, however. AOI has been working to diversify its clients and is seeing some early results. In the last quarter, the company reported seven new design wins, including one with a large data center operator in China. That should help further wean the company off of its Amazon dependence. For 2016 and 2017, sales to Amazon made up 54.6% and 35.4% of total revenue, respectively. More design wins could mean more diversification, as well as less dependence on the U.S. market and possible tariffs. Though the effects of new taxes on the business are still a relative unknown, the bigger worry should be whether AOI can regain its sales momentum that stalled out in late 2017 . After this most recent correction, AOI stock has a trailing-12-month price-to-earnings ratio of 19.5 and a forward price to earnings ratio of just 12.5. That implies a big rise in profitability in the next year, which is in the cards if management is correct in its projection that data center orders for 100G ethernet transceivers will double in the second half of this year over the first half, and double again in 2019 over 2018. Thus, it would seem that the tariff worries tanking AOI's stock are a little overdone -- or at the very least, premature. Play it safe, though; this one is especially volatile and likely will continue to be. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Nicholas Rossolillo and his clients have no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of fiber optic networking manufacturer Applied Optoelectronics (NASDAQ: AAOI) fell as much as 25% in late August through early September on tariff worries. Comments from the White House that taxes could be imposed on virtually all goods imported into the U.S. from China sent investors scurrying for the exits, and Wall Street analyst downgrades of some of AOI's peers didn't help either. The company explained it this way in its last annual report (emphasis is mine): In addition, AOI is spending $90 million this year in capital expenditures, part of which includes a new facility in Ningbo, China, that recently broke ground and is expected to be completed in 2020.	Shares of fiber optic networking manufacturer Applied Optoelectronics (NASDAQ: AAOI) fell as much as 25% in late August through early September on tariff worries. However, there is concern that any product that originates -- or has components that originate -- from China will get an extra tax, and that the extra cost will cause AOI to lose orders from its customers. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of fiber optic networking manufacturer Applied Optoelectronics (NASDAQ: AAOI) fell as much as 25% in late August through early September on tariff worries. Comments from the White House that taxes could be imposed on virtually all goods imported into the U.S. from China sent investors scurrying for the exits, and Wall Street analyst downgrades of some of AOI's peers didn't help either. However, AOI is in good shape, and after another stock price adjustment, shares look like a value play again.	Shares of fiber optic networking manufacturer Applied Optoelectronics (NASDAQ: AAOI) fell as much as 25% in late August through early September on tariff worries. Because AOI has three manufacturing facilities: one in Sugarland; one in Taipei, Taiwan; and a third in Ningbo, China. A toxic situation or value play?
9664.0	2018-09-13 00:00:00 UTC	3 Top Small-Cap Stocks to Buy in September	AAOI	https://www.nasdaq.com/articles/3-top-small-cap-stocks-buy-september-2018-09-13	nan	nan	Some small-cap tickers pack a big punch. But it's not always easy to separate the winners from the wannabes in this tricky segment of the stock market. So we asked some Motley Fool contributors to share their favorite small-cap investment ideas for September. Read on to see why our panelists suggest picking up Applied Optoelectronics (NASDAQ: AAOI) , Oaktree Capital (NYSE: OAK) , and Q2 Holdings (NYSE: QTWO) right now. Lock in this discount before the recovery starts Anders Bylund (Applied Optoelectronics): This maker of fiber-optic networking products is having a rough year in 2018. Applied Optoelectronics shareholders have seen their stock take a 43% nosedive over the last 52 weeks, including a 22% drop in the most recent month. Much of the recent weakness in this stock rests on the brewing trade war between China and the U.S., since Applied Optoelectronics does a lot of its business in the Asian country. And while it is true that the company can shift its manufacturing volume out of China and into neighboring Taiwan, with which America has no tariff dispute at the moment, wages and other operating costs are higher there -- which could balance out the tariff savings of making that move. All that being said, Applied Optoelectronics remains a leader in its industry. The entire optical networking industry is stuck in a holding pattern at the moment, awaiting a global wave of network infrastructure upgrades as the 5G wireless standards start to replace the aging 4G generation. Those meaty wireless networks will require equally muscular back-end connections to the internet at large, which is where fiber optics come into play. At the same time, Applied and its peers are knee-deep in a generational shift of their own, as a faster series of transceivers are poised to make the previous series nearly obsolete to data center operators and their equipment builders. When Applied Optoelectronics' clients have completed their testing of the newer, faster transceivers, ebbing order volumes should start to rebound. Meanwhile, the Chinese trade war can't last forever. And with shares trading at just 11 times forward earnings, it's hard to argue against Applied Optoelectronics' deep-discount value status. These are temporary issues, but you can make the generous discounts on this stock permanent by taking action right now. Small banks' best friend Brian Feroldi (Q2 Holdings): Technological advances have impacted nearly every industry, including banking. Modern consumers now expect that their banks will seamlessly meet all of their financial needs online. Given that reality, how can small regional and community banks afford to offer their customers these services? One answer is to partner with Q2 Holdings. Q2 is a software-as-a-service business that enables banks will small budgets to offer their customers services such as mobile deposit, peer-to-peer payments, online bill-pay, and more. Using the company's platform enables small banks to effectively compete against industry giants that can afford to invest hundreds of millions into their own tech platforms. Q2's value proposition is compelling for small banks, so the company has been signing up new customers for years. As of the most recent quarter, more than 11 million banking customers were using Q2's platform. For investors, the economics of Q2's business are compelling. Q2 makes money from both subscription fees and usage fees, so the company's revenue grows as its banking partners succeed. Q2 has also grown to be large enough to churn out non-GAAP (generally accepted accounting principles) profits. The banking industry is enormous, and Q2 looks poised to remain the partner of choice for smaller banks that want to stay competitive. The opportunity should continue to translate into double-digit gains on the top and bottom lines for years to come, which makes this a great stock for buy-and-hold investors to get to know. A focus on value Tim Green (Oaktree Capital): The stock market is near an all-time high. A full-scale trade war with China looms. Corporate debt sits at record levels. Risk is everywhere. While the raging bull market has made it difficult to find bargains anywhere over the past few years, Oaktree thinks major opportunities could be right around the corner. Oaktree is an alternative asset manager. It manages around $100 billion for its clients, specializing in distressed and corporate debt. The company's mantra is "Move forward, but with caution," which captures its focus on controlling risks, even if it means accepting subpar returns when asset prices are elevated. Oaktree estimates that the massive amount of outstanding low-quality debt will lead to as much as $1 trillion worth of fallen angels -- bonds that were once investment-grade but were later reduced to junk-grade -- in the next cycle. That surpasses both the amount of private capital available to take advantage of the opportunity, and the size of the opportunity in 2007, the last time the cycle turned. Oaktree has nearly $20 billion of "dry powder" available to hurl into opportunities as they arise. Shares of Oaktree have slumped over the past few years. The company's strategy, like value investing in general, simply doesn't work well in frothy markets, when distressed opportunities are few and far between. The situation will change sooner or later, as it always does. Oaktree will be in prime position to take advantage when that happens. 10 stocks we like better than Oaktree Capital When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Oaktree Capital wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Anders Bylund has no position in any of the stocks mentioned. Brian Feroldi owns shares of Q2 Holdings. Timothy Green owns shares of Oaktree Capital. The Motley Fool owns shares of and recommends Oaktree Capital. The Motley Fool owns shares of Q2 Holdings. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Read on to see why our panelists suggest picking up Applied Optoelectronics (NASDAQ: AAOI) , Oaktree Capital (NYSE: OAK) , and Q2 Holdings (NYSE: QTWO) right now. Q2 is a software-as-a-service business that enables banks will small budgets to offer their customers services such as mobile deposit, peer-to-peer payments, online bill-pay, and more. The company's mantra is "Move forward, but with caution," which captures its focus on controlling risks, even if it means accepting subpar returns when asset prices are elevated.	Read on to see why our panelists suggest picking up Applied Optoelectronics (NASDAQ: AAOI) , Oaktree Capital (NYSE: OAK) , and Q2 Holdings (NYSE: QTWO) right now. At the same time, Applied and its peers are knee-deep in a generational shift of their own, as a faster series of transceivers are poised to make the previous series nearly obsolete to data center operators and their equipment builders. Using the company's platform enables small banks to effectively compete against industry giants that can afford to invest hundreds of millions into their own tech platforms.	Read on to see why our panelists suggest picking up Applied Optoelectronics (NASDAQ: AAOI) , Oaktree Capital (NYSE: OAK) , and Q2 Holdings (NYSE: QTWO) right now. Much of the recent weakness in this stock rests on the brewing trade war between China and the U.S., since Applied Optoelectronics does a lot of its business in the Asian country. 10 stocks we like better than Oaktree Capital When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	Read on to see why our panelists suggest picking up Applied Optoelectronics (NASDAQ: AAOI) , Oaktree Capital (NYSE: OAK) , and Q2 Holdings (NYSE: QTWO) right now. Much of the recent weakness in this stock rests on the brewing trade war between China and the U.S., since Applied Optoelectronics does a lot of its business in the Asian country. All that being said, Applied Optoelectronics remains a leader in its industry.
9665.0	2018-09-06 00:00:00 UTC	Noteworthy Thursday Option Activity: LMT, SHW, AAOI	AAOI	https://www.nasdaq.com/articles/noteworthy-thursday-option-activity-lmt-shw-aaoi-2018-09-06	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Lockheed Martin Corp (Symbol: LMT), where a total of 7,964 contracts have traded so far, representing approximately 796,400 underlying shares. That amounts to about 80.5% of LMT's average daily trading volume over the past month of 989,340 shares. Particularly high volume was seen for the $335 strike call option expiring September 21, 2018 , with 724 contracts trading so far today, representing approximately 72,400 underlying shares of LMT. Below is a chart showing LMT's trailing twelve month trading history, with the $335 strike highlighted in orange: Sherwin-Williams Co (Symbol: SHW) options are showing a volume of 3,857 contracts thus far today. That number of contracts represents approximately 385,700 underlying shares, working out to a sizeable 71.1% of SHW's average daily trading volume over the past month, of 542,300 shares. Particularly high volume was seen for the $490 strike call option expiring December 21, 2018 , with 2,000 contracts trading so far today, representing approximately 200,000 underlying shares of SHW. Below is a chart showing SHW's trailing twelve month trading history, with the $490 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 9,474 contracts, representing approximately 947,400 underlying shares or approximately 70.5% of AAOI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $34 strike call option expiring September 07, 2018 , with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $34 strike highlighted in orange: For the various different available expirations for LMT options , SHW options , or AAOI options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $34 strike call option expiring September 07, 2018 , with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of AAOI. Below is a chart showing SHW's trailing twelve month trading history, with the $490 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 9,474 contracts, representing approximately 947,400 underlying shares or approximately 70.5% of AAOI's average daily trading volume over the past month, of 1.3 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $34 strike highlighted in orange: For the various different available expirations for LMT options , SHW options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing SHW's trailing twelve month trading history, with the $490 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 9,474 contracts, representing approximately 947,400 underlying shares or approximately 70.5% of AAOI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $34 strike call option expiring September 07, 2018 , with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $34 strike highlighted in orange: For the various different available expirations for LMT options , SHW options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing SHW's trailing twelve month trading history, with the $490 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 9,474 contracts, representing approximately 947,400 underlying shares or approximately 70.5% of AAOI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $34 strike call option expiring September 07, 2018 , with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $34 strike highlighted in orange: For the various different available expirations for LMT options , SHW options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing SHW's trailing twelve month trading history, with the $490 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 9,474 contracts, representing approximately 947,400 underlying shares or approximately 70.5% of AAOI's average daily trading volume over the past month, of 1.3 million shares. Particularly high volume was seen for the $34 strike call option expiring September 07, 2018 , with 1,029 contracts trading so far today, representing approximately 102,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $34 strike highlighted in orange: For the various different available expirations for LMT options , SHW options , or AAOI options , visit StockOptionsChannel.com.
9666.0	2018-09-04 00:00:00 UTC	Why Applied Optoelectronics Inc. Stock Plunged Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-plunged-today-2018-09-04	nan	nan	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers. More specifically, B. Riley analyst Dave Kang downgraded both II-VI and Fabrinet to neutral from buy this morning, leaving shares of the two companies down a more modest 2.9% and 3.5%, respectively, as of this writing. So what To justify his relative bearishness for II-VI on one hand, Kang noted that demand for certain of II-VI's optical products "has become choppy," while U.S. tariffs could hurt both its laser and optical segments. On the other hand, he pointed out that while Fabrinet could "benefit from an optical shift" if those tariffs are put into place, that shift won't happen immediately and could be prefaced by tariff-related project delays from some customers. Naturally, these same concerns extend to the broader optical industry, including fiber-optic networking products providers like Applied Optoelectronics. Now what If you're wondering why Applied Optoelectronics endured a steeper decline today than its freshly downgraded peers, keep in mind that shares of the Texas-based company had rebounded more than 80% from their 52-week low set in late March as of yesterday's close. It's also worth noting that Kang has previously argued that Applied Opto could not only suffer lost orders if proposed tariffs on Chinese goods are implemented this month but also might move to shift manufacturing out of China and into Taiwan, where costs are almost certainly higher. In the end, given these uncertainties and its torrid rise in recent months, it's no surprise to see Applied Optoelectronics stock falling in response today. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Steve Symington has no position in any of the stocks mentioned. The Motley Fool recommends II-VI. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers. More specifically, B. Riley analyst Dave Kang downgraded both II-VI and Fabrinet to neutral from buy this morning, leaving shares of the two companies down a more modest 2.9% and 3.5%, respectively, as of this writing. Now what If you're wondering why Applied Optoelectronics endured a steeper decline today than its freshly downgraded peers, keep in mind that shares of the Texas-based company had rebounded more than 80% from their 52-week low set in late March as of yesterday's close.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers. So what To justify his relative bearishness for II-VI on one hand, Kang noted that demand for certain of II-VI's optical products "has become choppy," while U.S. tariffs could hurt both its laser and optical segments. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) were down 11.2% as of 3:15 p.m. EDT Tuesday after an analyst downgraded two of the communications equipment specialist's peers. More specifically, B. Riley analyst Dave Kang downgraded both II-VI and Fabrinet to neutral from buy this morning, leaving shares of the two companies down a more modest 2.9% and 3.5%, respectively, as of this writing. So what To justify his relative bearishness for II-VI on one hand, Kang noted that demand for certain of II-VI's optical products "has become choppy," while U.S. tariffs could hurt both its laser and optical segments.
9667.0	2018-08-31 00:00:00 UTC	15 Short Interest Stocks That Could Go Either Way	AAOI	https://www.nasdaq.com/articles/15-short-interest-stocks-could-go-either-way-2018-08-31	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Stocks with heavy short interest are really interesting from an investment standpoint. At one end, a heavily shorted stock represents a stock that many people are betting against, meaning that there is probably a strong thesis out there that the stock will head lower. But, at the other end, a heavily shorted stock also represents a stock where there's a ton of money betting on the stock going down, meaning that if things improve at the company, the stock could be set for a big pop from a short squeeze as shorts rush to cover. Thus, going long a heavily shorted stock is often a high-risk, high-reward scenario. Either the consensus bear thesis is right, and the stock falls (which is likely). Or, the consensus bear thesis is wrong, and the stock pops (which is unlikely). 10 Smart Money Stocks to Buy for the Rest of the Year With that in mind, here's a list of 15 of the most shorted stocks in the market, according to highshortinterest.com and YCharts , and my analysis of where these stocks are going next. Heavily Shorted Stocks to Watch: Gogo (GOGO) One of the most heavily shorted stocks in the market is Gogo (NASDAQ: GOGO ), with a short interest (percent of the float that is short) of nearly 80%. The company provides broadband connectivity services for airplanes. This was a hot space a few years back when in-flight Wifi was supposed to be the next big thing. It did turn into the next big thing, and Wifi for airplanes is the standard now. But, the costs of providing that Wifi are huge, and Gogo's revenues haven't been big enough to offset those costs. Bears are betting this company never nets a profit, and the stock keeps tumbling. They might be right. But, while the company is still losing money, net losses are narrowing. If this company can turn into even a slightly profitable operation, then GOGO stock could fly. Heavily Shorted Stocks to Watch: CARBO Ceramics (CRR) With a short interest of 70%, Carbo Ceramics (NYSE: CRR ) is one of the most heavily shorted stocks in the market. Carbo is an oil and gas services company. Naturally, higher oil prices are supposed to push up demand for Carbo's services, specifically for the company's ceramic proppants. That is happening. But, at a slower than expected rate. Thus, the reality seems to be that ceramics are losing share to cheaper sand proppants. These market share losses diminish the long-term growth outlook for CRR. 5 Enticing Dividend Stocks Also Primed for Long-Term Gains Bears are betting that cheap sand proppants are winning out. It certainly does seem like that is the case, with revenue growth lagging consensus estimates. As such, CRR stock looks like it could be in for a bumpy ride. Heavily Shorted Stocks to Watch: Turtle Beach (HEAR) Headphone-maker Turtle Beach (NASDAQ: HEAR ) is also one of the most heavily shorted stocks in the market with a 70%-plus short interest. Turtle Beach makes the gaming headsets which have become the hottest consumer product in the gaming world as battle royale, communication-focused games like Fortnite have become the trend. As a result, Turtle Beach has been selling a ton of headsets in 2018. Bears are betting on this trend ending soon, and Turtle Beach's Fortnite bump disappearing. That could happen. But, more likely, battle royale remains the market's favorite gaming category, and Turtle Beach continues to sell a ton of headsets. In that scenario, HEAR stock could head even higher (it is already up 1,200% this year). Heavily Shorted Stocks to Watch: Applied Optoelectronics (AAOI) Not far behind Gogo and Carbo in terms of short interest is Applied Optoelectronics (NASDAQ: AAOI ), with a short interest of over 55%. Applied Optoelectronics provides fiber optic equipment for data-centers. This used to be a big growth industry, and AAOI used to count the biggest cloud players as its customers. But, some big cloud players have ditched AAOI, and are either going elsewhere or building out their own equipment. This customer churn has caused AAOI stock to drop like a rock. Shorts are betting this tumble will continue as more cloud giants leave AAOI. The company is making solid progress in the 100G category, however, and continues to score Big Data-center wins. So long as AAOI keeps up this momentum, shorts may rush to cover, and AAOI stock could pop. Heavily Shorted Stocks to Watch: Lannet Company (LCI) Another stock with short interest above 55% is Lannet Company (NYSE: LCI ). Lannet develops, manufactures, and distributes generic pharmaceutical products. LCI stock recently fell from ~$15 to ~$5 overnight on news that the company's contract with a big supplier (Jerome Stevens Pharmaceuticals) wouldn't be renewed, and that Lannet would essentially lose all of its Jerome Stevens business. That is no good. It is estimated that Jerome Stevens was the biggest driver for roughly half of Lannet's revenues. Thus, this is a big chunk of the business that is gone. 7 Steady Eddie Stocks to Buy Until that chunk is replaced, shorts will likely be right on this name as sales and profits fall into hugely depressed territory. Heavily Shorted Stocks to Watch: MiMedx Group (MDXG) Biopharmaceutical company MidMedx Group (NASDAQ: MDXG ) is yet another heavily shorted stock with 50%-plus short interest. This company used to be a biotech star. Earlier this year, it traded as high as $18 as the company dazzled investors with spectacular growth numbers from its tissue-repair business. But, those numbers were misleading. It looks like, among other things, MDXG overstated their financials over the past several years, and now the whole executive suite has been shaken up, the company is restating its numbers, and everything is a mess. Shorts are betting that the lack of clarity surrounding the MDXG situation will keep shares depressed. That is a good bet. So long as this situation remains messy, MDXG stock remains an investment nightmare. If clarity arises, then a buying opportunity may emerge. But, until then, this stock should remain weak. Heavily Shorted Stocks to Watch: Match (MTCH) Staying in the 50%-plus short interest group, we have technology company Match (NASDAQ: MTCH ). Match is the parent company behind multiple online dating apps, including the ultra-popular Tinder. Tinder has been on fire lately, and that has powered MTCH stock to new highs. The stock is up 150% over the past year. But, big competition is looming, and shorts are betting that big competition from Facebook (NASDAQ: FB ) will ultimately kill this bull rally. I'm not so sure that Facebook will outright dominate Tinder in the online dating world. 4 Small-Cap Stocks That Are In Serious Trouble The emergence of Facebook dating will have a big enough effect to compress what has become a very big valuation on MTCH stock. As such, I think the bears are right here, and the bull run in MTCH stock is nearing a close. Heavily Shorted Stocks to Watch: J.C. Penney (JCP) The first big retail stock on this list is JCPenney (NYSE: JCP ), the troubled department store with a short interest of right around 50%. Retail has been killed over the past several years. But, over the past few quarters, most retailers have staged a big comeback as brick-and-mortar retail has stabilized and traditional retailers have upped their e-commerce games. By and large, retail stocks have been in rally mode. Except for JCP. This company can't seem to shake sluggish comparable sales growth trends, while any and all growth is being driven by deep discounting, which is killing margins. Meanwhile, the company is sitting on a mountain of debt, which is hard to ignore when the company isn't making any money. The writing on the wall looks clear for this distressed retailer. Traditional retail is shrinking, and there isn't any space for old JCP. Pretty soon, this company will likely be extinct. Heavily Shorted Stocks to Watch: PolarityTE (COOL) Moving out of the 50%-plus short interest group, we have PolarityTE (NASDAQ: COOL ), with a short interest of over 45%. PolarityTE is a biotech company which focuses on regenerative medicine. It has been the subject of intense debate recently after notorious short-seller Citron Research targeted the company at the end of June, calling it "MiMedx with no sales" and accusing the company of fraud in raising money based on an illegitimate patent application that was rejected. COOL stock dropped big on the news, but has since rebounded on a positive update regarding the company's first product, SkinTE, which is now one month into commercialization. Bears think that doesn't matter because of the fraud Citron pointed out. Bulls think the fraud claims are irrelevant, and that this company is on the verge of something huge. 5 Mexican Stocks That Should Benefit From the Recent Trade Agreement At this point in time, it is tough to say who is right. But, it is easy to see that risk is high, and that this stock should be avoided for risk-adverse investors. Heavily Shorted Stocks to Watch: Intrexon (XON) As if there weren't enough biotech stocks on this list already, let me introduce you to Intrexon (NYSE: XON ), another heavily shorted biotech stock with a 45%-plus short interest. Intrexon is a life and health biotech company that seems to be facing the same headwinds as its peers on this list. Namely, the company is delaying the filing of its second-quarter report to the SEC, and saying it will have to restate its first-quarter numbers, as the company overstated revenue. These aren't good signs, especially considering what has happened to other biotech companies that have done the same thing. As such, XON stock lacks enough clarity to outright dismiss the bear thesis. Until more clarity arises, this is a stock that investors should avoid. Heavily Shorted Stocks to Watch: Achaogen (AKAO) Yet another biotech stock with 45%-plus short interest is Achaogen (NASDAQ: AKAO ). The bear thesis on Achaogen is pretty simple. This company's holy grail is Zemdri, an antibiotic used to treat adults with complicated urinary tract and bloodstream infections. Zemdri was recently approved by the FDA for urinary tract infections, but not for bloodstream infections. AKAO stock plummeted on that news. Since, Achaogen has restructured its operations, announced big executive departures, and said it will raise capital to support commercialization of Zemdri. 10 Smart Money Stocks to Buy for the Rest of the Year In other words, there is a lot riding on the success of Zemdri. If the treatment is a massive hit, AKAO stock could blow shorts out of the water. It doesn't live up to expectations, this stock could drop like a rock. Heavily Shorted Stocks to Watch: Overstock.com (OSTK) Finally, we get out first blockchain stock on this list with Overstock.com (NASDAQ: OSTK ), a stock with a short interest of over 45%. Overstock.com has taken many shapes and forms over the course of its life as a publicly traded company. Most famously, it was an e-commerce operation. Most recently, it has turned into a blockchain company with all sorts of investments across the entire blockchain universe. Naturally, asbitcoin priceshave fallen and blockchain hype has died, OSTK stock has dropped. In January, this was an $85 stock. Today, it trades under $30. The path forward for Overstock as a diversified blockchain company is exceedingly unclear. Until clarity arises as to what this company will actually look like in twelve months or five years, investors will continue to avoid it and shorts will continue to be right. Heavily Shorted Stocks to Watch: Spark Energy (SPKE) Utility stocks have done pretty well despite a rising 10-Year Treasury Yield, but that hasn't stopped shorts from piling it on when it comes to Spark Energy (NASDAQ: SPKE ), an independent energy services company with more than 45% short interest. This business, and the stock, has gone in cycles over the past several years. The current cycle has SPKE stock trading at its lowest levels since 2015. Shorts are pretty much betting that this company goes out of business, as its energy business fails to add customers, profits fail to come back, and the debt burdens the company financially. 3 Earnings Reports to Watch Next Week I'm not so sure that will happen. SPKE is rapidly extending its footprint, and with such a low penetration rate, this company does have a long runway for potential growth ahead. The stock already seems beaten up, and tends to bounce when it gets this low. Thus, risk-reward actually looks favorable to the upside. Heavily Shorted Stocks to Watch: GameStop (GME) The video game world is rapidly changing, and investors are betting that this change could force GameStop (NASDAQ: GME ) to close its doors. GME stock has a greater than 45% short interest, and that isn't terribly surprising. After all, this company certainly feels a lot like Blockbuster. Video games aren't being bought in store anymore. They are being bought and delivered digitally. Plus, once cloud gaming comes along, console purchases won't be a thing anymore, either. Thus, the need to go to a Gamestop will only grow smaller and smaller over time. This consensus thesis feels about right to me. I used to think GameStop had a future as a video game hardware retailer. But, technology is progressing towards an era of cloud gaming where consoles are obsolete. In that world, GameStop is obsolete, too. Heavily Shorted Stocks To Watch: Switch (SWCH) Last, but not least, is co-location data-center company Switch (NYSE: SWCH ), with a short interest of almost 40%. Switch went public at $17 a share in October 2017. SWCH stock briefly rose above $20 in its first few days of trading. But, it has been nothing but down since then as growth has dramatically slowed due to fierce competition in this market. 7 Promising Retail Stocks to Buy After Earnings Meanwhile, SWCH stock still trades at nearly 6X trailing sales, is growing sales at a sub-20% rate, and is only marginally profitable. That isn't a healthy combination. As such, SWCH stock could fall more as valuation normalizes to match slowing growth. As of this writing, Luke Lango was long HEAR and FB. Compare Brokers The post 15 Short Interest Stocks That Could Go Either Way appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Heavily Shorted Stocks to Watch: Applied Optoelectronics (AAOI) Not far behind Gogo and Carbo in terms of short interest is Applied Optoelectronics (NASDAQ: AAOI ), with a short interest of over 55%. This used to be a big growth industry, and AAOI used to count the biggest cloud players as its customers. But, some big cloud players have ditched AAOI, and are either going elsewhere or building out their own equipment.	Heavily Shorted Stocks to Watch: Applied Optoelectronics (AAOI) Not far behind Gogo and Carbo in terms of short interest is Applied Optoelectronics (NASDAQ: AAOI ), with a short interest of over 55%. This used to be a big growth industry, and AAOI used to count the biggest cloud players as its customers. But, some big cloud players have ditched AAOI, and are either going elsewhere or building out their own equipment.	Heavily Shorted Stocks to Watch: Applied Optoelectronics (AAOI) Not far behind Gogo and Carbo in terms of short interest is Applied Optoelectronics (NASDAQ: AAOI ), with a short interest of over 55%. This used to be a big growth industry, and AAOI used to count the biggest cloud players as its customers. But, some big cloud players have ditched AAOI, and are either going elsewhere or building out their own equipment.	Heavily Shorted Stocks to Watch: Applied Optoelectronics (AAOI) Not far behind Gogo and Carbo in terms of short interest is Applied Optoelectronics (NASDAQ: AAOI ), with a short interest of over 55%. This used to be a big growth industry, and AAOI used to count the biggest cloud players as its customers. But, some big cloud players have ditched AAOI, and are either going elsewhere or building out their own equipment.
9668.0	2018-08-09 00:00:00 UTC	Here's Why Applied Optoelectronics Stock Fell 14.4% Last Month	AAOI	https://www.nasdaq.com/articles/heres-why-applied-optoelectronics-stock-fell-144-last-month-2018-08-09	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 14.4% lower in July of 2018, according to data from S&P Global Market Intelligence . The bulk of that drop occurred on July 18 following a negative research note from analyst firm B. Riley FBR. So what The firm said that this maker of fiber-optic networking components would lose more business than most of its rivals if and when the proposed tariffs on Chinese goods take effect. The company's factories are mainly in China, but its largest customers are American technology powerhouses Facebook and Amazon.com . If Trump's tariff-based trade war with China goes any further, Applied Optoelectronics could lose a large portion of its revenues to competitors without this cumbersome economic baggage. Amazon and Facebook simply would have to source their transceivers from another company with factories closer to home. Now what This is just another example of American businesseslosing ground due to Trump's tariffs. Applied Optoelectronics could try to work around the problem by leasing new manufacturing space outside of China or by chasing new clients in Europe and China to replace the lost business from fellow Americans, but neither one of these moves would be easy or particularly quick. This company is clearly hoping that China and Washington will put their trade-policy differences aside before September, when the tariffs on Chinese goods are set to kick in. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 14.4% lower in July of 2018, according to data from S&P Global Market Intelligence . If Trump's tariff-based trade war with China goes any further, Applied Optoelectronics could lose a large portion of its revenues to competitors without this cumbersome economic baggage. *Stock Advisor returns as of August 6, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 14.4% lower in July of 2018, according to data from S&P Global Market Intelligence . The Motley Fool owns shares of and recommends Amazon and Facebook.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 14.4% lower in July of 2018, according to data from S&P Global Market Intelligence . Applied Optoelectronics could try to work around the problem by leasing new manufacturing space outside of China or by chasing new clients in Europe and China to replace the lost business from fellow Americans, but neither one of these moves would be easy or particularly quick. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) fell 14.4% lower in July of 2018, according to data from S&P Global Market Intelligence . The company's factories are mainly in China, but its largest customers are American technology powerhouses Facebook and Amazon.com . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.
9669.0	2018-08-08 00:00:00 UTC	Why Applied Optoelectronics Inc. Shares Are Soaring Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-shares-are-soaring-today-2018-08-08	nan	nan	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) jumped as much as 23.6% higher in Wednesday's morning session, following the release of strong second-quarter results. By 11 a.m. EDT, the stock had cooled down somewhat to a 15% overnight gain. So what The maker of fiber-optic networking modules and components saw second-quarter sales falling 25% year over year to land at $87.8 million, comfortably ahead of Wall Street's $77.8 million expectations. On the bottom line, adjusted earnings decreased 58% to $0.64 per diluted share, also far above analysts' $0.45 expectations. Looking ahead, AOI centered its third-quarter earnings guidance around $0.65 per share, just ahead of the Street's current $0.64 consensus estimates. Revenue guidance of approximately $87 million stopped short of the $90 million analyst view. Now what Data center orders drove the second quarter's revenue surprise as AOI's customers continued to adopt its high-end 100-gigabit transceivers . Management is "pleased" with the order flows from its regular top customers, but the company is still trying to diversify its operations to a broader customer base. The 100-gig orders should double to roughly $80 million per quarter in the second half, based on the backlog of committed orders that have not yet been shipped. The emerging longer-term trends are also looking good, as the quarterly 100G sales should double again in 2019. Applied Optoelectronics shares have now nearly doubled from April's 52-week lows, but have a long way to go before conquering the $103 price they briefly touched in the summer of 2017 . It's no surprise to see investors celebrating the company's return to form, without getting too excited about the long recovery ahead. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of August 6, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) jumped as much as 23.6% higher in Wednesday's morning session, following the release of strong second-quarter results. Now what Data center orders drove the second quarter's revenue surprise as AOI's customers continued to adopt its high-end 100-gigabit transceivers . Applied Optoelectronics shares have now nearly doubled from April's 52-week lows, but have a long way to go before conquering the $103 price they briefly touched in the summer of 2017 .	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) jumped as much as 23.6% higher in Wednesday's morning session, following the release of strong second-quarter results. So what The maker of fiber-optic networking modules and components saw second-quarter sales falling 25% year over year to land at $87.8 million, comfortably ahead of Wall Street's $77.8 million expectations. Looking ahead, AOI centered its third-quarter earnings guidance around $0.65 per share, just ahead of the Street's current $0.64 consensus estimates.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) jumped as much as 23.6% higher in Wednesday's morning session, following the release of strong second-quarter results. So what The maker of fiber-optic networking modules and components saw second-quarter sales falling 25% year over year to land at $87.8 million, comfortably ahead of Wall Street's $77.8 million expectations. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics Inc. (NASDAQ: AAOI) jumped as much as 23.6% higher in Wednesday's morning session, following the release of strong second-quarter results. Looking ahead, AOI centered its third-quarter earnings guidance around $0.65 per share, just ahead of the Street's current $0.64 consensus estimates. Revenue guidance of approximately $87 million stopped short of the $90 million analyst view.
9670.0	2018-08-07 00:00:00 UTC	Earnings Reaction History: Applied Optoelectronics, Inc., 80.0% Follow-Through Indicator, 14.9% Sensitive	AAOI	https://www.nasdaq.com/articles/earnings-reaction-history-applied-optoelectronics-inc-800-follow-through-indicator-149	nan	nan	Expected Earnings Release: 08/07/2018, After-hours Avg. Extended-Hours Dollar Volume: $24,415,619 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 80% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Data provided by the MT Pro service at MTNewswires.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 80% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $24,415,619 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 80% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 80% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 80% Average next regular session additional loss: 6% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock dropped further, adding to the extended-hours losses by an average of 6.0% by the following regular session close. Extended-Hours Dollar Volume: $24,415,619 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Extended-Hours Dollar Volume: $24,415,619 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 80% Average next regular session additional gain: 11.2% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 80.0% of the time (4 events) the stock posted additional gains in the following regular session by an average of 11.2%.
9671.0	2018-08-06 00:00:00 UTC	5 Must-See Earnings Charts	AAOI	https://www.nasdaq.com/articles/5-must-see-earnings-charts-2018-08-06	nan	nan	The FAANG stocks have all reported earnings but that doesn't mean that earnings season is over. Far from it. This week, there are over 900 companies reporting, including many small and mid-cap names. These are companies you know, and may even own, across a wide range of industries including retail, pharmaceuticals, technology, social media and energy. But with all those companies reporting, which ones should you be keeping an extra close eye on? 5 Must-See Earnings Charts 1. Crocs CROX has beat 4 out of the last 5 quarters and shares have busted out to new 5-year highs. Shares are up 126% in the last year. Is it too hot to handle here though? 2. Applied Optoelectronics AAOI has bounced off its recent lows and is up 16% over the last 3 months. However, it's still down big in the last year, with shares off 44%. It has a solid track record of beating but is coming off a miss last quarter. Is the turnaround in? 3. Sina SINA is a Chinese media company which is also the parent of Weibo, which is China's Twitter. It has beat 8 quarters in a row but shares are off 26% in 2018 on trade and tariff jitters. Is this a buying opportunity? 4. Michael Kors KORS has a stellar earnings beat track record. It hasn't missed in over 5 years. However, the shares took a tumble in 2016, along with many other retail accessory names. Shares are well off the bottom, and up 72% over the last year, but have stalled out in 2018. Will this earnings report bust the shares out of this narrow trading range? 5. Canada Goose GOOS was one of the hottest 2017 IPOs and it continues to be red hot in 2018. Shares are up another 79% in 2018. It has beat twice as a public company but are shares too hot to handle? Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sina Corporation (SINA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics AAOI has bounced off its recent lows and is up 16% over the last 3 months. Click to get this free report Sina Corporation (SINA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. These are companies you know, and may even own, across a wide range of industries including retail, pharmaceuticals, technology, social media and energy.	Click to get this free report Sina Corporation (SINA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI has bounced off its recent lows and is up 16% over the last 3 months. Michael Kors KORS has a stellar earnings beat track record.	Click to get this free report Sina Corporation (SINA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. Applied Optoelectronics AAOI has bounced off its recent lows and is up 16% over the last 3 months. Will this earnings report bust the shares out of this narrow trading range?	Applied Optoelectronics AAOI has bounced off its recent lows and is up 16% over the last 3 months. Click to get this free report Sina Corporation (SINA): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Canada Goose Holdings Inc. (GOOS): Free Stock Analysis Report Crocs, Inc. (CROX): Free Stock Analysis Report Michael Kors Holdings Limited (KORS): Free Stock Analysis Report To read this article on Zacks.com click here. The FAANG stocks have all reported earnings but that doesn't mean that earnings season is over.
9672.0	2018-08-03 00:00:00 UTC	Notable Friday Option Activity: ADMS, POST, AAOI	AAOI	https://www.nasdaq.com/articles/notable-friday-option-activity-adms-post-aaoi-2018-08-03	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Adamas Pharmaceuticals Inc (Symbol: ADMS), where a total volume of 1,805 contracts has been traded thus far today, a contract volume which is representative of approximately 180,500 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 41.9% of ADMS's average daily trading volume over the past month, of 430,925 shares. Especially high volume was seen for the $30 strike call option expiring August 17, 2018 , with 551 contracts trading so far today, representing approximately 55,100 underlying shares of ADMS. Below is a chart showing ADMS's trailing twelve month trading history, with the $30 strike highlighted in orange: Post Holdings Inc (Symbol: POST) saw options trading volume of 2,108 contracts, representing approximately 210,800 underlying shares or approximately 41.5% of POST's average daily trading volume over the past month, of 507,385 shares. Particularly high volume was seen for the $95 strike call option expiring August 17, 2018 , with 388 contracts trading so far today, representing approximately 38,800 underlying shares of POST. Below is a chart showing POST's trailing twelve month trading history, with the $95 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,892 contracts, representing approximately 489,200 underlying shares or approximately 40.7% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $50 strike put option expiring August 17, 2018 , with 800 contracts trading so far today, representing approximately 80,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for ADMS options , POST options , or AAOI options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $50 strike put option expiring August 17, 2018 , with 800 contracts trading so far today, representing approximately 80,000 underlying shares of AAOI. Below is a chart showing POST's trailing twelve month trading history, with the $95 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,892 contracts, representing approximately 489,200 underlying shares or approximately 40.7% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for ADMS options , POST options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing POST's trailing twelve month trading history, with the $95 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,892 contracts, representing approximately 489,200 underlying shares or approximately 40.7% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $50 strike put option expiring August 17, 2018 , with 800 contracts trading so far today, representing approximately 80,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for ADMS options , POST options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing POST's trailing twelve month trading history, with the $95 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,892 contracts, representing approximately 489,200 underlying shares or approximately 40.7% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $50 strike put option expiring August 17, 2018 , with 800 contracts trading so far today, representing approximately 80,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for ADMS options , POST options , or AAOI options , visit StockOptionsChannel.com.	Below is a chart showing POST's trailing twelve month trading history, with the $95 strike highlighted in orange: And Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 4,892 contracts, representing approximately 489,200 underlying shares or approximately 40.7% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $50 strike put option expiring August 17, 2018 , with 800 contracts trading so far today, representing approximately 80,000 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $50 strike highlighted in orange: For the various different available expirations for ADMS options , POST options , or AAOI options , visit StockOptionsChannel.com.
9673.0	2018-08-03 00:00:00 UTC	Interesting AAOI Put And Call Options For September 21st	AAOI	https://www.nasdaq.com/articles/interesting-aaoi-put-and-call-options-september-21st-2018-08-03	nan	nan	Investors in Applied Optoelectronics Inc (Symbol: AAOI) saw new options begin trading this week, for the September 21st expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAOI options chain for the new September 21st contracts and identified one put and one call contract of particular interest. The put contract at the $37.50 strike price has a current bid of $2.70. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $37.50, but will also collect the premium, putting the cost basis of the shares at $34.80 (before broker commissions). To an investor already interested in purchasing shares of AAOI, that could represent an attractive alternative to paying $39.09/share today. Because the $37.50 strike represents an approximate 4% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 62%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract . Should the contract expire worthless, the premium would represent a 7.20% return on the cash commitment, or 53.63% annualized - at Stock Options Channel we call this the YieldBoost . Below is a chart showing the trailing twelve month trading history for Applied Optoelectronics Inc, and highlighting in green where the $37.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $40.00 strike price has a current bid of $3.25. If an investor was to purchase shares of AAOI stock at the current price level of $39.09/share, and then sell-to-open that call contract as a "covered call," they are committing to sell the stock at $40.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 10.64% if the stock gets called away at the September 21st expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if AAOI shares really soar, which is why looking at the trailing twelve month trading history for Applied Optoelectronics Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAOI's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 47%. On our website under the contract detail page for this contract , Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted). Should the covered call contract expire worthless, the premium would represent a 8.31% boost of extra return to the investor, or 61.93% annualized, which we refer to as the YieldBoost . The implied volatility in the put contract example is 74%, while the implied volatility in the call contract example is 68%. Meanwhile, we calculate the actual trailing twelve month volatility (considering the last 252 trading day closing values as well as today's price of $39.09) to be 68%. For more put and call options contract ideas worth looking at, visit StockOptionsChannel.com. Top YieldBoost Calls of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Of course, a lot of upside could potentially be left on the table if AAOI shares really soar, which is why looking at the trailing twelve month trading history for Applied Optoelectronics Inc, as well as studying the business fundamentals becomes important. Below is a chart showing AAOI's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Applied Optoelectronics Inc (Symbol: AAOI) saw new options begin trading this week, for the September 21st expiration.	Below is a chart showing AAOI's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Applied Optoelectronics Inc (Symbol: AAOI) saw new options begin trading this week, for the September 21st expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAOI options chain for the new September 21st contracts and identified one put and one call contract of particular interest.	Below is a chart showing AAOI's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Applied Optoelectronics Inc (Symbol: AAOI) saw new options begin trading this week, for the September 21st expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the AAOI options chain for the new September 21st contracts and identified one put and one call contract of particular interest.	At Stock Options Channel , our YieldBoost formula has looked up and down the AAOI options chain for the new September 21st contracts and identified one put and one call contract of particular interest. Below is a chart showing AAOI's trailing twelve month trading history, with the $40.00 strike highlighted in red: Considering the fact that the $40.00 strike represents an approximate 2% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. Investors in Applied Optoelectronics Inc (Symbol: AAOI) saw new options begin trading this week, for the September 21st expiration.
9674.0	2018-07-18 00:00:00 UTC	Why Applied Optoelectronics Inc. Stock Fell as Much as 9.5% Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-fell-much-95-today-2018-07-18	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 9.3% lower on Wednesday, having slid as far as 9.5% lower earlier in the day. Investors in the maker of optoelectronic components used in high-speed optical networking equipment reacted to a bearish research note from analyst firm B. Riley FBR. So what B. Riley analyst Dave Kang argued that Applied Opto is vulnerable to lost orders if the Trump administration's proposed tariffs on Chinese goods are allowed to take effect in September. The company's largest customers are all-American data center operators Amazon.com (NASDAQ: AMZN) and Facebook (NASDAQ: FB) , but Applied Opto manufactures most of its products in Chinese factories. Adding a 10% tariff cost to its products could inspire these clients to find other component sources that don't come with this uneconomical baggage. In this brutally competitive market sector, there's almost no wiggle room for even slightly higher prices on comparable products. Now what Kang also noted that Applied could attempt to shift its manufacturing out of China and into a Taiwan-based facility as appropriate, but the production capacity in Taiwan is largely unknown and manufacturing costs in that location would most likely be higher. Nobody knows whether Trump's tariffs will ever be enforced, since there are congressional hearings and several months of potential indecision to contend with. But if they do, it looks like Applied Optoelectronics and its shareholders will suffer. I can't blame investors for showing their nerves today. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 9.3% lower on Wednesday, having slid as far as 9.5% lower earlier in the day. Investors in the maker of optoelectronic components used in high-speed optical networking equipment reacted to a bearish research note from analyst firm B. Riley FBR. So what B. Riley analyst Dave Kang argued that Applied Opto is vulnerable to lost orders if the Trump administration's proposed tariffs on Chinese goods are allowed to take effect in September.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 9.3% lower on Wednesday, having slid as far as 9.5% lower earlier in the day. The company's largest customers are all-American data center operators Amazon.com (NASDAQ: AMZN) and Facebook (NASDAQ: FB) , but Applied Opto manufactures most of its products in Chinese factories.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 9.3% lower on Wednesday, having slid as far as 9.5% lower earlier in the day. The company's largest customers are all-American data center operators Amazon.com (NASDAQ: AMZN) and Facebook (NASDAQ: FB) , but Applied Opto manufactures most of its products in Chinese factories. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 9.3% lower on Wednesday, having slid as far as 9.5% lower earlier in the day. So what B. Riley analyst Dave Kang argued that Applied Opto is vulnerable to lost orders if the Trump administration's proposed tariffs on Chinese goods are allowed to take effect in September. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9675.0	2018-07-12 00:00:00 UTC	5 Top Stock Trades for Friday Morning	AAOI	https://www.nasdaq.com/articles/5-top-stock-trades-for-friday-morning-2018-07-12	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips U.S. equities put together a good bounce on Thursday, shaking off some of its losses from Wednesday. Of course, some of the bigger moves caught our eye for our top stock trades. Top Stock Trades for Tomorrow #1: Broadcom (AVGO) Broadcom Inc (NASDAQ: AVGO ) shares plunged on Thursday, falling more than 17% at one point . That follows an almost-3% loss on Wednesday and comes after the company confirmed it would acquire CA, Inc. (NASDAQ: CA ) for almost $19 billion. So what now? The 20 Stocks From Goldman Sachs' Buy List That You Should Actually Consider Shares basically cratered through all sorts of support levels, the largest being $220. If I were short, I wouldn't stay that way if shares get back above this mark. The next "big" level of support sits all the way down at $170, although given Broadcom's business, I wouldn't expect it to fall that far. I think we need to let AVGO shake out a bit before the technicals point us in a specific direction. Over $200 is a start. Top Stock Trades for Tomorrow #2: iQiyi (IQ) This is one that InvestorPlace readers should have nailed, given that we laid out the game-plan for iQiyi, Inc (NASDAQ: IQ ) a while ago. "The Netflix (NASDAQ: NFLX ) of China" is one we want to own. That's why we were buyers into the upper $20s, where Fibonacci support was likely to come into play. Admittedly though, I would have loved for a shot a bit lower at the 50-day moving average. Not only was the 68.2% Fib bounce in the cards, but this was a previous consolidation zone for IQ, which is up almost 10% Thursday. So where to now? This $35.50 to $36 area could give IQ some trouble, but should it clear it, the $46 highs are technically back on the table. Market sentiment and investor psychology will drive IQ. Top Stock Trades for Tomorrow #3: Papa John's (PZZA) While the news about Papa John's Int'l, Inc. (NASDAQ: PZZA ) and its founder is pathetic , the business will likely be fine over time. But we're not here for a fundamental snapshot, we're looking at the stock price. Right now, PZZA's stock looks nauseating. $50 looks like it could be a bottoming area for PZZA, but bulls shouldn't think about buying this name until it gets over resistance. While above the 50-day right now, the 200-day and 100-day moving averages still loom over PZZA. There's also tough downtrend resistance overhead near $59. Top Stock Trades for Tomorrow #4: Applied Opto (AAOI) In trading, the keep-it-simple (KISS) method tends to work best. Applied Optoelectronics (NASDAQ: AAOI ) fits that mold. Is $50 not the most obvious level in the world here? Shares continues to trend higher and a breakout over $50 appears imminent. Bulls can buy on a close over $50 and use a stop loss below trend-line support. Additionally, should AAOI pullback before breaking out, bulls can buy near trend-line support for solid risk/reward setup. Top Stock Trades for Tomorrow #5: Adobe (ADBE) One more KISS setup? Adobe Systems Incorporated (NASDAQ: ADBE ). Repeat after me : We. Buy. Secular. Winners. On. The. Dips. Be it a name like Adobe, Salesforce.com, inc. (NASDAQ: CRM ) or any other stock that just keeps on winning , we don't bet the house looking for a loss. It might pullback during market tantrums or like in Adobe's latest case, on quarterly earnings even though the results were great. Just look at that 50-day moving average, a constant buoy for a higher stock price. If investors buy those corrections enough times, they don't have to worry about the time it eventually fails to hold, given how large their gains will be. And assuming they use some discipline. 7 S&P 500 Stocks With Low P/E Ratios Now ADBE is knocking on $255's door. Should this level give way - which was resistance last month - the all-time highs near $260 are back on the table. Shares aren't overbought according to the RSI (red circle) and momentum just shifted into the bulls' favor (blue circle). It's hard to be bearish on ADBE right now. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . As of this writing, Bret Kenwell was long CRM and ADBE. Legendary Investor Louis Navellier's Trading Breakthrough Discovered almost by accident, Louis Navellier's incredible trading breakthrough has delivered 148 double- and triple-digit winners over the past 5 years - including a stunning 487% win in just 10 months. Learn to use this formula and you can start turning every $10,000 invested into as much as $58,700 . Click here to review Louis' urgent presentation. More From InvestorPlace 18 Stocks That Could Be Takeover Targets 10 Best ETFs for 2018: Biotechs Top the Charts at the Midpoint 7 S&P 500 Stocks With Low P/E Ratios 5 Stocks That Are Getting a World Cup Boost Compare Brokers The post 5 Top Stock Trades for Friday Morning appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Additionally, should AAOI pullback before breaking out, bulls can buy near trend-line support for solid risk/reward setup. Top Stock Trades for Tomorrow #4: Applied Opto (AAOI) In trading, the keep-it-simple (KISS) method tends to work best. Applied Optoelectronics (NASDAQ: AAOI ) fits that mold.	Top Stock Trades for Tomorrow #4: Applied Opto (AAOI) In trading, the keep-it-simple (KISS) method tends to work best. Applied Optoelectronics (NASDAQ: AAOI ) fits that mold. Additionally, should AAOI pullback before breaking out, bulls can buy near trend-line support for solid risk/reward setup.	Top Stock Trades for Tomorrow #4: Applied Opto (AAOI) In trading, the keep-it-simple (KISS) method tends to work best. Applied Optoelectronics (NASDAQ: AAOI ) fits that mold. Additionally, should AAOI pullback before breaking out, bulls can buy near trend-line support for solid risk/reward setup.	Top Stock Trades for Tomorrow #4: Applied Opto (AAOI) In trading, the keep-it-simple (KISS) method tends to work best. Applied Optoelectronics (NASDAQ: AAOI ) fits that mold. Additionally, should AAOI pullback before breaking out, bulls can buy near trend-line support for solid risk/reward setup.
9676.0	2018-07-10 00:00:00 UTC	Notable Tuesday Option Activity: AXL, AAOI, CVX	AAOI	https://www.nasdaq.com/articles/notable-tuesday-option-activity-axl-aaoi-cvx-2018-07-10	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in American Axle & Manufacturing Holdings Inc (Symbol: AXL), where a total volume of 11,724 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51% of AXL's average daily trading volume over the past month, of 2.3 million shares. Particularly high volume was seen for the $8 strike put option expiring January 17, 2020 , with 5,500 contracts trading so far today, representing approximately 550,000 underlying shares of AXL. Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $44 strike highlighted in orange: And Chevron Corporation (Symbol: CVX) options are showing a volume of 28,001 contracts thus far today. That number of contracts represents approximately 2.8 million underlying shares, working out to a sizeable 46% of CVX's average daily trading volume over the past month, of 6.1 million shares. Especially high volume was seen for the $130 strike call option expiring August 17, 2018 , with 2,902 contracts trading so far today, representing approximately 290,200 underlying shares of CVX. Below is a chart showing CVX's trailing twelve month trading history, with the $130 strike highlighted in orange: For the various different available expirations for AXL options , AAOI options , or CVX options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI. Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $44 strike highlighted in orange: And Chevron Corporation (Symbol: CVX) options are showing a volume of 28,001 contracts thus far today.	Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $44 strike highlighted in orange: And Chevron Corporation (Symbol: CVX) options are showing a volume of 28,001 contracts thus far today. Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI.	Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $44 strike highlighted in orange: And Chevron Corporation (Symbol: CVX) options are showing a volume of 28,001 contracts thus far today.	Below is a chart showing AXL's trailing twelve month trading history, with the $8 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 5,029 contracts, representing approximately 502,900 underlying shares or approximately 47.3% of AAOI's average daily trading volume over the past month, of 1.1 million shares. Below is a chart showing CVX's trailing twelve month trading history, with the $130 strike highlighted in orange: For the various different available expirations for AXL options , AAOI options , or CVX options , visit StockOptionsChannel.com. Especially high volume was seen for the $44 strike put option expiring July 13, 2018 , with 549 contracts trading so far today, representing approximately 54,900 underlying shares of AAOI.
9677.0	2018-07-09 00:00:00 UTC	How Applied Optoelectronics, Inc. Stock Has Gained 18.7% So Far in Early 2018	AAOI	https://www.nasdaq.com/articles/how-applied-optoelectronics-inc-stock-has-gained-187-so-far-early-2018-2018-07-09	nan	nan	What happened Applied Optoelectronics (NASDAQ: AAOI) had a volatile first half of 2018, according to data from S&P Global Market Intelligence . Share prices fell as much as 40% before bouncing back, and the maker of optoelectronic components for fiber-optic networking systems locked in an 18.7% year-to-date gain at the end of June. So what In early 2017, Applied Optoelectronics saw its largest customer -- Amazon.com -- rack up a huge stockpile of fiber module orders to support the expansion of its cloud computing data centers. The orders stopped coming mid-year as Amazon started to work through its massive oversupply, and Applied Optoelectronics took that shift right on the chin. But it only took a couple of positive analyst reports to start turning things around in April, followed by an impressive investor conference at the end of May. Shares surged 13% higher in April with another 17% single-day lift in late May. Now what Applied Optoelectronics may have posted an impressive return in early 2018, but the stock remains 44% below its 52-week highs. If the company can follow through on the promises management made at the investor conference, we should see a return to revenue growth and stronger earnings in the next few quarters. Either way, it's clear that optical networking has a lot of growth catalysts coming up in the next couple of years. Buying Applied Optoelectronics at these sharp discounts to fairly recent highs could make sense. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Applied Optoelectronics (NASDAQ: AAOI) had a volatile first half of 2018, according to data from S&P Global Market Intelligence . Share prices fell as much as 40% before bouncing back, and the maker of optoelectronic components for fiber-optic networking systems locked in an 18.7% year-to-date gain at the end of June. So what In early 2017, Applied Optoelectronics saw its largest customer -- Amazon.com -- rack up a huge stockpile of fiber module orders to support the expansion of its cloud computing data centers.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Applied Optoelectronics (NASDAQ: AAOI) had a volatile first half of 2018, according to data from S&P Global Market Intelligence . After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.	What happened Applied Optoelectronics (NASDAQ: AAOI) had a volatile first half of 2018, according to data from S&P Global Market Intelligence . 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!	What happened Applied Optoelectronics (NASDAQ: AAOI) had a volatile first half of 2018, according to data from S&P Global Market Intelligence . Now what Applied Optoelectronics may have posted an impressive return in early 2018, but the stock remains 44% below its 52-week highs. That's right -- they think these 10 stocks are even better buys.
9678.0	2018-07-02 00:00:00 UTC	Notable Monday Option Activity: PZZA, AAOI, MLHR	AAOI	https://www.nasdaq.com/articles/notable-monday-option-activity-pzza-aaoi-mlhr-2018-07-02	nan	nan	Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume today in Papa John's International, Inc. (Symbol: PZZA), where a total of 7,456 contracts have traded so far, representing approximately 745,600 underlying shares. That amounts to about 75.4% of PZZA's average daily trading volume over the past month of 988,375 shares. Particularly high volume was seen for the $55 strike call option expiring August 17, 2018 , with 2,535 contracts trading so far today, representing approximately 253,500 underlying shares of PZZA. Below is a chart showing PZZA's trailing twelve month trading history, with the $55 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 8,306 contracts, representing approximately 830,600 underlying shares or approximately 68.4% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $47 strike call option expiring July 06, 2018 , with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $47 strike highlighted in orange: And Herman Miller Inc. (Symbol: MLHR) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 66.4% of MLHR's average daily trading volume over the past month, of 327,480 shares. Especially high volume was seen for the $35 strike call option expiring July 20, 2018 , with 806 contracts trading so far today, representing approximately 80,600 underlying shares of MLHR. Below is a chart showing MLHR's trailing twelve month trading history, with the $35 strike highlighted in orange: For the various different available expirations for PZZA options , AAOI options , or MLHR options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Especially high volume was seen for the $47 strike call option expiring July 06, 2018 , with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of AAOI. Below is a chart showing PZZA's trailing twelve month trading history, with the $55 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 8,306 contracts, representing approximately 830,600 underlying shares or approximately 68.4% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $47 strike highlighted in orange: And Herman Miller Inc. (Symbol: MLHR) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 66.4% of MLHR's average daily trading volume over the past month, of 327,480 shares.	Below is a chart showing PZZA's trailing twelve month trading history, with the $55 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 8,306 contracts, representing approximately 830,600 underlying shares or approximately 68.4% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Especially high volume was seen for the $47 strike call option expiring July 06, 2018 , with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $47 strike highlighted in orange: And Herman Miller Inc. (Symbol: MLHR) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 66.4% of MLHR's average daily trading volume over the past month, of 327,480 shares.	Below is a chart showing PZZA's trailing twelve month trading history, with the $55 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 8,306 contracts, representing approximately 830,600 underlying shares or approximately 68.4% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $47 strike highlighted in orange: And Herman Miller Inc. (Symbol: MLHR) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 66.4% of MLHR's average daily trading volume over the past month, of 327,480 shares. Especially high volume was seen for the $47 strike call option expiring July 06, 2018 , with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of AAOI.	Below is a chart showing PZZA's trailing twelve month trading history, with the $55 strike highlighted in orange: Applied Optoelectronics Inc (Symbol: AAOI) saw options trading volume of 8,306 contracts, representing approximately 830,600 underlying shares or approximately 68.4% of AAOI's average daily trading volume over the past month, of 1.2 million shares. Below is a chart showing AAOI's trailing twelve month trading history, with the $47 strike highlighted in orange: And Herman Miller Inc. (Symbol: MLHR) saw options trading volume of 2,173 contracts, representing approximately 217,300 underlying shares or approximately 66.4% of MLHR's average daily trading volume over the past month, of 327,480 shares. Especially high volume was seen for the $47 strike call option expiring July 06, 2018 , with 1,066 contracts trading so far today, representing approximately 106,600 underlying shares of AAOI.
9679.0	2018-06-13 00:00:00 UTC	Market Overlooks Summit to Focus on the Fed	AAOI	https://www.nasdaq.com/articles/market-overlooks-summit-focus-fed-2018-06-13	nan	nan	Programming Note: Sheraz Mian, the Director of Research here at Zacks, was talking about the Q2 earnings season on WGN Radio's The Opening Bell this morning. Check out his appearance right here. As expected, the meeting between President Trump and North Korean leader Kim Jong-un didn't have much of an impact on the market. The agreement signed at the summit proved to be too vague to cause much of a reaction. The market is more interested in tomorrow's Fed announcement. A rate hike on Wednesday is a foregone conclusion, but the focus will be on the Dot Plot. Are we still set for only three hikes this year (one more after tomorrow)? Or is a fourth hike still on the table? We'll see... Unlike yesterday, the major indices moved sharply higher in the final hour of Tuesday's session. The NASDAQ finished with a 0.57% advance to a new high of 7703.8 and the S&P climbed 0.17% to 2786.9. However, the Dow couldn't make it all the way back and finished with a slight 0.01% slip to 25320.7. "Despite the media coverage of the meeting between Kim and Trump, the summit had little effect on the markets," said Jeremy in Counterstrike . "The Fed is really all that matters. We will likely see a rate hike again tomorrow, but what will be more important is what kind of language will be used. For short-term trading reasons, anything taken as dovish will likely help rip markets above 2800." Other than the summit, the biggest news today didn't come until after the close. A federal judge approved the $85 billion acquisition of Time Warner by AT&T. Now, the market is getting ready for a deluge of new M&A coming down the pike. The portfolios were very active today and included a lot of profit taking. Stocks Under $10 cashed in a triple digit winner to make room for a new buy, while Surprise Trader secured a double-digit return in less than a week. Meanwhile, Counterstrike sold all or parts of three positions to fit in a new buy, while Short List swapped out four names. Read more in the highlights section below: Today's Portfolio Highlights: Stocks Under $10: The portfolio is completely full, so Brian Bolan needs to sell a name before he can add a new one. Fortunately, the service is sitting on a triple-digit winner in Extreme Networks (EXTR), a maker of wireless networking products and services. The stock was sold today for a profit of about 120%. The move gives Brian a chance to take advantage of some shorts in the retail world. A lot of shorts have been getting squeezed in the last few days on some good reports from retailers, and the editor thinks the same thing is happening right now with Big 5 Sporting Goods (BGFV). The stock has a "ferociously high" short interest of 45% of the float, and Brian thinks those shorts have overstayed their welcome. He believes BGFV could be set to move to $11 or more on some good news. Read the full write-up for more on today's moves. Counterstrike: The rising market has Jeremy in a buying mood, but first he needs to clear some space and take a few profits. On Tuesday, the portfolio made these moves: • Sold half of Echo Global Logistics (ECHO) for a 10.8% return • Sold all of Intuitive Surgical (ISRG) for a 9.9% return • Sold a third of Salesforce.com (CRM) for a 5% return These moves gave the editor enough space to add Parsley Energy (PE) with a 7% allocation. The stock has pulled back from a solid quarterly report in May that included a positive earnings surprise of 40%. Jeremy thinks the stock has bottomed and is poised to move if crude oil ticks higher again, which it is likely to do this summer. Read the complete commentary for more specifics on all of today's moves. Surprise Trader: The portfolio sold Restoration Hardware (RH) on Tuesday for a nice 40.7% profit… IN LESS THAN ONE WEEK! Dave added this name last Wednesday in a "bet the jockey, not the horse" move due to his confidence in Chairman & CEO Gary Friedman. Well, shares of this upscale furniture retailer soared today after a positive earnings surprise in its latest quarterly report, which also included a strong outlook for this quarter. The editor says the shorts are getting routed, so this is a great time to cash in a double-digit winner with RH. Zacks Short List: The portfolio swapped out four names in this week's adjustment. The short-covered stocks that left the portfolio today include: • Applied Optoelectronics (AAOI, +8.3%) • MGM Resorts Intl (MGM) • Sina Corp (SINA) • Williams Partners (WPZ) The new buys that replaced these names are: • MercadoLibre Inc. (MELI) • Schlumberger Limited (SLB) • TAL Education Group (TAL) • Zayo Group (ZAYO) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. All the Best, Jim Giaquinto Recommendations from Zacks' Private Portfolios: Believe it or not, this article is not available on the Zacks.com website. The commentary is a partial overview of the daily activity from Zacks' private recommendation services. If you would like to follow our Buy and Sell signals in real time, we've made a special arrangement for readers of this website. Starting today you can see all the recommendations from all of Zacks' portfolios absolutely free for 7 days. Our services cover everything from value stocks and momentum trades to insider buying and positive earnings surprises (which we've predicted with an astonishing 80%+ accuracy). Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The short-covered stocks that left the portfolio today include: • Applied Optoelectronics (AAOI, +8.3%) • MGM Resorts Intl (MGM) • Sina Corp (SINA) • Williams Partners (WPZ) The new buys that replaced these names are: • MercadoLibre Inc. (MELI) • Schlumberger Limited (SLB) • TAL Education Group (TAL) • Zayo Group (ZAYO) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Programming Note: Sheraz Mian, the Director of Research here at Zacks, was talking about the Q2 earnings season on WGN Radio's The Opening Bell this morning. Dave added this name last Wednesday in a "bet the jockey, not the horse" move due to his confidence in Chairman & CEO Gary Friedman.	The short-covered stocks that left the portfolio today include: • Applied Optoelectronics (AAOI, +8.3%) • MGM Resorts Intl (MGM) • Sina Corp (SINA) • Williams Partners (WPZ) The new buys that replaced these names are: • MercadoLibre Inc. (MELI) • Schlumberger Limited (SLB) • TAL Education Group (TAL) • Zayo Group (ZAYO) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Read more in the highlights section below: Today's Portfolio Highlights: Stocks Under $10: The portfolio is completely full, so Brian Bolan needs to sell a name before he can add a new one. Click here to "test drive" Zacks Ultimate for FREE >> Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	The short-covered stocks that left the portfolio today include: • Applied Optoelectronics (AAOI, +8.3%) • MGM Resorts Intl (MGM) • Sina Corp (SINA) • Williams Partners (WPZ) The new buys that replaced these names are: • MercadoLibre Inc. (MELI) • Schlumberger Limited (SLB) • TAL Education Group (TAL) • Zayo Group (ZAYO) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. Read more in the highlights section below: Today's Portfolio Highlights: Stocks Under $10: The portfolio is completely full, so Brian Bolan needs to sell a name before he can add a new one. On Tuesday, the portfolio made these moves: • Sold half of Echo Global Logistics (ECHO) for a 10.8% return • Sold all of Intuitive Surgical (ISRG) for a 9.9% return • Sold a third of Salesforce.com (CRM) for a 5% return These moves gave the editor enough space to add Parsley Energy (PE) with a 7% allocation.	The short-covered stocks that left the portfolio today include: • Applied Optoelectronics (AAOI, +8.3%) • MGM Resorts Intl (MGM) • Sina Corp (SINA) • Williams Partners (WPZ) The new buys that replaced these names are: • MercadoLibre Inc. (MELI) • Schlumberger Limited (SLB) • TAL Education Group (TAL) • Zayo Group (ZAYO) Learn more about this emotion-free portfolio that takes advantage of falling and volatile markets by reading the Short List Trader Guide. The portfolios were very active today and included a lot of profit taking. The stock has a "ferociously high" short interest of 45% of the float, and Brian thinks those shorts have overstayed their welcome.
9680.0	2018-06-12 00:00:00 UTC	How Applied Optoelectronics Inc. Stock Rose 46% Last Month	AAOI	https://www.nasdaq.com/articles/how-applied-optoelectronics-inc-stock-rose-46-last-month-2018-06-12	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 46.3% in May, according to data from S&P Global Market Intelligence . The optical networking specialist's stock traded modestly higher until the very end of the month, when a pair of rosy analyst notes unlocked a 31% price surge in the last two days of May. So what Analyst firms D.A. Davidson and Raymond James agreed that Applied Optoelectronics looked way too cheap at the end of May. Davidson's Mark Kelleher argued that the company holds a significant competitive advantage by virtue of its long business history and technically difficult manufacturing operations. Raymond James analyst Simon Leopold said that fears of competitive threats were "exaggerated" and that the optical networking market is healthy enough to support several big winners anyhow. Now what Wall Street isn't entirely sold on Applied Optoelectronics' sunny future. This week, analyst firm Rosenblatt downgraded the stock to a "sell," picking up the same competition fears that Davidson and James dismissed last month. As always, the truth probably is somewhere between these extremes. The stock still looks cheap, trading at just 16 times trailing earnings and more than 50% below its yearly highs. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 46.3% in May, according to data from S&P Global Market Intelligence . The optical networking specialist's stock traded modestly higher until the very end of the month, when a pair of rosy analyst notes unlocked a 31% price surge in the last two days of May. Davidson's Mark Kelleher argued that the company holds a significant competitive advantage by virtue of its long business history and technically difficult manufacturing operations.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 46.3% in May, according to data from S&P Global Market Intelligence . This week, analyst firm Rosenblatt downgraded the stock to a "sell," picking up the same competition fears that Davidson and James dismissed last month.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 46.3% in May, according to data from S&P Global Market Intelligence . This week, analyst firm Rosenblatt downgraded the stock to a "sell," picking up the same competition fears that Davidson and James dismissed last month. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 46.3% in May, according to data from S&P Global Market Intelligence . Raymond James analyst Simon Leopold said that fears of competitive threats were "exaggerated" and that the optical networking market is healthy enough to support several big winners anyhow. This week, analyst firm Rosenblatt downgraded the stock to a "sell," picking up the same competition fears that Davidson and James dismissed last month.
9681.0	2018-06-11 00:00:00 UTC	Trump vs. Trudeau, Singapore Summit, & AAOI Outlook \| Free Lunch	AAOI	https://www.nasdaq.com/articles/trump-vs-trudeau-singapore-summit-aaoi-outlook-free-lunch-2018-06-11	nan	nan	On today's episode of Free Lunch, Associate Stock Strategist Ryan McQueeney recaps an action-packed weekend at the G-7 conference and prepares investors for what is to come this week as President Trump gears up to meet North Korean leader Kim Jung Un. Later, he discusses the near-term outlook for Applied Optoelectronics AAOI . Want more video content from Zacks? Subscribe to Zacks Investment News now! Free Lunch is the newest show from Zacks Investment Research. It is streamed live, four times per week, and features breaking news and analysis from Zacks strategists. Free Lunch is available on YouTube, Facebook Live, Twitter, Ustream, and more. President Trump made quite the fuss over the weekend after he withdrew U.S. support of the G-7 statement and publicly criticized Canadian PM Justin Trudeau. The pair traded jabs related to tariffs on each other's goods, surprising political experts who hoped for unity from the G-7. Ryan recaps this story and gives investors exactly what they need to know. Meanwhile, investors are also getting ready for President Trump's historic meeting with Kim Jung Un on Tuesday. The Singapore summit is expected to focus on denuclearization and building a sustainable peace on the Korean peninsula. Optimism that the talks will not disrupt global economic growth has lifted markets in recent days. Finally, Ryan highlights Applied Optoelectronics, one of the morning's top trending tickers. AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum LITE continue to attract customers. Still, the fiber-optics equipment maker has shown some positive momentum recently after months of being battered down, so Ryan digs into its valuation, technical trends, and earnings outlook to fill investors in on the key details. Make sure to check out the show to hear more! The Hottest Tech Mega-Trend of All Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early. See Zacks' 3 Best Stocks to Play This Trend >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum LITE continue to attract customers. Later, he discusses the near-term outlook for Applied Optoelectronics AAOI . Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here.	Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here. Later, he discusses the near-term outlook for Applied Optoelectronics AAOI . AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum LITE continue to attract customers.	Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here. Later, he discusses the near-term outlook for Applied Optoelectronics AAOI . AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum LITE continue to attract customers.	Later, he discusses the near-term outlook for Applied Optoelectronics AAOI . AAOI was down at the open after analysts from Rosenblatt initiated coverage of the stock with a Sell rating, underscoring price competition and market share concerns as Innolight and Lumentum LITE continue to attract customers. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report Lumentum Holdings Inc. (LITE): Free Stock Analysis Report To read this article on Zacks.com click here.
9682.0	2018-06-11 00:00:00 UTC	Up 50% in May, Is Applied Optoelectronics Bearish Run Finally Over?	AAOI	https://www.nasdaq.com/articles/50-may-applied-optoelectronics-bearish-run-finally-over-2018-06-11	nan	nan	After doubling in price several times in 2017, shares of optical networking supplier Applied Optoelectronics (NASDAQ: AAOI) reversed course and nearly erased all of those gains through spring 2018. The stock has been showing signs of life as of late, though, notching a nearly 50% gain in May. Investors may be tempted to chase those kinds of returns, but it's important to know a few facts first. Some background color AOI's stock began to fall in late summer 2017 when the realization set in that its recent exponential growth in revenue and earnings wasn't sustainable. AOI's fiber optic products have been put to use in data centers as consumer demand for faster streaming and other cloud services has led companies like Amazon.com to build out new facilities. It was Amazon that was largely responsible for the stocks fast gains. Data by YCharts. However, being a supplier to a larger company is a cyclical endeavor, and sales ebb and flow. New data center buildout has been on the decline as of late, causing the recent revenue and earnings contraction. In the first quarter of 2018, that trend persisted with results coming in lower than AOI management had forecast. Sales and earnings decreased 32% and 89%, respectively, from a year prior. And that's what makes the recent stock price action so interesting . With data center construction in a lull at the moment, it looks purely speculative, but there is more at work here than bears are considering. To buy or not to buy... Even when factoring for the big year-over-year drop in profits, AOI shares are cheap. The company's trailing-12-month price-to-earnings ratio is at 12.8 even after the big rebound in May. Forward P/E is at 16.4, indicating some further downward pressure on the bottom line is in store. But with such a cheap valuation, some investors may have piled in and thus driven prices higher. Plus, most of the recent pain could now be in the past. A couple of large orders from the company's biggest customers are due to be filled the second half of this year, and spending on fiber-optic networks is picking up speed once again. AOI has experienced pressure from competitors trying to undercut pricing, which has kept a lid on profit margins. However, the longer-term benefit is that AOI maintains a premium on current sales over its peers with its leading products, and continues to innovate so that it keeps that lead. With data streaming and cloud computing only gaining in importance, that creates a long-term tailwind for this supplier. Second-quarter 2018 sales are expected to be $75 million to $81 million, another steep slide from the $117 million in the same period a year ago. However, the expected figures seem to add some weight to management's guidance for sales to recover during the second half of the year. If the forecast proves accurate, AOI's revenues will increase sequentially over the 2018 opener by 15% to 25%. That could be another reason for the May rally. Nevertheless, it's important to bear in mind that suppliers are cyclical businesses, and Applied Optoelectronics is no exception. With only a handful of big customers, this stock will likely continue to be very volatile. There could be legs under the recent rebound, but it could be short-lived if AOI can't deliver on its expectations later in the year. Keep those investments small if you buy in. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of June 4, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Nicholas Rossolillo has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Amazon. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	After doubling in price several times in 2017, shares of optical networking supplier Applied Optoelectronics (NASDAQ: AAOI) reversed course and nearly erased all of those gains through spring 2018. Some background color AOI's stock began to fall in late summer 2017 when the realization set in that its recent exponential growth in revenue and earnings wasn't sustainable. AOI's fiber optic products have been put to use in data centers as consumer demand for faster streaming and other cloud services has led companies like Amazon.com to build out new facilities.	After doubling in price several times in 2017, shares of optical networking supplier Applied Optoelectronics (NASDAQ: AAOI) reversed course and nearly erased all of those gains through spring 2018. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	After doubling in price several times in 2017, shares of optical networking supplier Applied Optoelectronics (NASDAQ: AAOI) reversed course and nearly erased all of those gains through spring 2018. Some background color AOI's stock began to fall in late summer 2017 when the realization set in that its recent exponential growth in revenue and earnings wasn't sustainable. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	After doubling in price several times in 2017, shares of optical networking supplier Applied Optoelectronics (NASDAQ: AAOI) reversed course and nearly erased all of those gains through spring 2018. New data center buildout has been on the decline as of late, causing the recent revenue and earnings contraction. * David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them!
9683.0	2018-06-11 00:00:00 UTC	Why Adient, CRISPR Therapeutics, and Applied Optoelectronics Slumped Today	AAOI	https://www.nasdaq.com/articles/why-adient-crispr-therapeutics-and-applied-optoelectronics-slumped-today-2018-06-11	nan	nan	Monday was another positive day for the stock market, with major benchmarks seeing small advances to start the week. Most investors focused on Singapore, where U.S. President Donald Trump is expected to meet with North Korean leader Kim Jong Un. Geopolitical issues have weighed on market sentiment for some time, so any sort of favorable resolution to tensions on the nuclear front could be embraced by Wall Street. Still, some companies had bad news today that held back their shares. Adient (NYSE: ADNT) , CRISPR Therapeutics (NASDAQ: CRSP) , and Applied Optoelectronics (NASDAQ: AAOI) were among the worst performers on the day. Here's why they did so poorly. Adient's CEO gives up his seat Shares of Adient dropped almost 16% after the maker of seat systems for automobiles and other vehicles announced that CEO Bruce McDonald would step down, making way for interim CEO Frederick Henderson. Henderson admitted that Adient hasn't lived up to its full potential, noting that poor execution has led to weaker financial performance. In newly updated guidance, Adient pointed to ongoing hurdles in its seat structures and mechanisms business that will result in less adjusted operating profit than previously expected. In response, analysts following the stock took action, including a downgrade from Baird from neutral to underperform and a $16 cut in its price target to $50 per share. CRISPR deals with a new threat CRISPR Therapeutics stock declined nearly 13% following a report that suggested that use of gene-editing technology might boost the risk of patients getting cancer. Two studies said that use of the technology, which CRISPR Therapeutics and a handful of other companies are exploring, sometimes leads to unexpected results, including the failure in most cases for the intended gene edit to take place. Even worse, it's possible that cells that are more open to accepting the edit do so because of dysfunctions elsewhere. Few are willing to write off gene-editing technology entirely based on this information, but it will force CRISPR Therapeutics and its peers to be careful moving forward. Applied Opto gets a bad review Finally, shares of Applied Optoelectronics fell 6%. Analysts at Rosenblatt began coverage on the optical networking component manufacturer, assigning a sell rating to Applied Opto and a price target of $30 per share. Rosenblatt acknowledged that the company has done an exceptionally good job of producing impressive gross margin figures, but it believes that competition is likely to pick up as more providers advance to 100G and 400G technology. The news flies in the face of more bullish analyst opinions recently , but with the stock having doubled just since early April, investors seem prepared to give at least a little credence to Rosenblatt's concerns. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!* Tom and David just revealed their ten top stock picks for investors to buy right now. Click here to get access to the full list! * Stock Advisor returns as of June 4, 2018. Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool owns shares of CRISPR Therapeutics. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Adient (NYSE: ADNT) , CRISPR Therapeutics (NASDAQ: CRSP) , and Applied Optoelectronics (NASDAQ: AAOI) were among the worst performers on the day. In newly updated guidance, Adient pointed to ongoing hurdles in its seat structures and mechanisms business that will result in less adjusted operating profit than previously expected. Rosenblatt acknowledged that the company has done an exceptionally good job of producing impressive gross margin figures, but it believes that competition is likely to pick up as more providers advance to 100G and 400G technology.	Adient (NYSE: ADNT) , CRISPR Therapeutics (NASDAQ: CRSP) , and Applied Optoelectronics (NASDAQ: AAOI) were among the worst performers on the day. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!	Adient (NYSE: ADNT) , CRISPR Therapeutics (NASDAQ: CRSP) , and Applied Optoelectronics (NASDAQ: AAOI) were among the worst performers on the day. Adient's CEO gives up his seat Shares of Adient dropped almost 16% after the maker of seat systems for automobiles and other vehicles announced that CEO Bruce McDonald would step down, making way for interim CEO Frederick Henderson. CRISPR deals with a new threat CRISPR Therapeutics stock declined nearly 13% following a report that suggested that use of gene-editing technology might boost the risk of patients getting cancer.	Adient (NYSE: ADNT) , CRISPR Therapeutics (NASDAQ: CRSP) , and Applied Optoelectronics (NASDAQ: AAOI) were among the worst performers on the day. Henderson admitted that Adient hasn't lived up to its full potential, noting that poor execution has led to weaker financial performance. Applied Opto gets a bad review Finally, shares of Applied Optoelectronics fell 6%.
9684.0	2018-05-31 00:00:00 UTC	Why Applied Optoelectronics, Inc. Stock Rose 14% Higher Today	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-rose-14-higher-today-2018-05-31	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) are on the rise today thanks to a bullish analyst note. The maker of optical networking components and modules saw its stock price jump as much as 14% higher, backing down to a 13.1% gain as of 2:50 p.m. EDT. So what Analyst firm DA Davidson reiterated its buy rating and $50 price target on AOI shares today. Analyst Mark Kelleher had attended an investor conference where CFO Stefan Murry gave a presentation, and Kelleher left that event impressed with AOI's competitive advantages. Now what Murry said that AOI hopes to double its volume of optical transceiver shipments in the second half of 2018, as compared to the first two quarters. Shipping volumes should then double again in 2019. Kelleher believes that AOI can deliver on these ambitious goals thanks to the company's 20-year efforts at perfecting the transceiver manufacturing process, resulting in custom-made machinery for key steps in the component-building process. After today's jump, AOI shares are back to prices not seen since October and 104% above the stock's yearly lows. The rosy volume forecasts give investors hope that the stalled data center orders of recent quarters could now be a thing of the past. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of May 8, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) are on the rise today thanks to a bullish analyst note. The maker of optical networking components and modules saw its stock price jump as much as 14% higher, backing down to a 13.1% gain as of 2:50 p.m. EDT. So what Analyst firm DA Davidson reiterated its buy rating and $50 price target on AOI shares today.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) are on the rise today thanks to a bullish analyst note. Now what Murry said that AOI hopes to double its volume of optical transceiver shipments in the second half of 2018, as compared to the first two quarters. After today's jump, AOI shares are back to prices not seen since October and 104% above the stock's yearly lows.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) are on the rise today thanks to a bullish analyst note. After today's jump, AOI shares are back to prices not seen since October and 104% above the stock's yearly lows. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) are on the rise today thanks to a bullish analyst note. Now what Murry said that AOI hopes to double its volume of optical transceiver shipments in the second half of 2018, as compared to the first two quarters. After today's jump, AOI shares are back to prices not seen since October and 104% above the stock's yearly lows.
9685.0	2018-05-31 00:00:00 UTC	Why Madrigal Pharmaceuticals, Brink's, and Applied Optoelectronics Jumped Today	AAOI	https://www.nasdaq.com/articles/why-madrigal-pharmaceuticals-brinks-and-applied-optoelectronics-jumped-today-2018-05-31	nan	nan	Thursday was a largely down day for the stock market, with the Dow Jones Industrial Average taking the biggest hit of the major benchmarks. The global turmoil over trade got a lot closer to home as the U.S. imposed new restrictions that led the Canadian government to issue retaliatory tariffs in response. Yet many broader-based measures of the market fell only slightly, showing that much of what drives the economy isn't as dependent on trade as traditional industrial giants. Good news also sent some key stocks higher. Madrigal Pharmaceuticals (NASDAQ: MDGL) , Brink's (NYSE: BCO) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Here's why they did so well. Madrigal sings a pretty song Shares of Madrigal Pharmaceuticals soared into the stratosphere , leaping more than 140% in the wake of extremely encouraging clinical trial results in a study of the company's MGL-3196 candidate treatment for the liver disease non-alcoholic steatohepatitis. The phase 2 trial showed that Madrigal's drug met the study's primary endpoint of cutting liver fat levels, as well as showing promising improvements in other risk factors like cholesterol, triglycerides, liver enzymes, and fibrosis biomarkers. With several rivals fighting to come out with a treatment for the liver disease, investors today have high hopes that Madrigal will be first out of the gate and make that translate into a profit boom if late-stage trials go equally well. This Brink's deal is almost a steal Brink's stock climbed 16% after making an acquisition of a key industry rival. The security company agreed to buy privately held armored-car cash management operator Dunbar Armored for $520 million in cash, with the deal expected to close by the end of 2018. Brink's was pleased to find a way to invest in a way it believes will generate huge returns , expecting the acquisition to boost adjusted earnings substantially within the next two years. Few had expected that the family-owned Dunbar would ever put itself up for sale, but Brink's hopes that the combined companies will be able to compete more effectively against other industry players. Applied Optoelectronics gets some love Finally, shares of Applied Optoelectronics gained 15% . The optical networking specialist got a favorable review from analyst company DA Davidson today, which reiterated its buy rating along with its $50 price target on the stock. Even after having gone through a period of choppiness due to concerns about the sustainability of its growth trajectory, Applied Optoelectronics could be poised to get a big boost in shipment volumes during the second half of this year and into the next. If that happens, then it could easily justify the doubling in the stock's price since early April and keep the optical company's fundamentals looking favorable for the foreseeable future. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!* Tom and David just revealed their ten top stock picks for investors to buy right now. Click here to get access to the full list! * Stock Advisor returns as of May 8, 2018. Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Madrigal Pharmaceuticals (NASDAQ: MDGL) , Brink's (NYSE: BCO) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. With several rivals fighting to come out with a treatment for the liver disease, investors today have high hopes that Madrigal will be first out of the gate and make that translate into a profit boom if late-stage trials go equally well. The optical networking specialist got a favorable review from analyst company DA Davidson today, which reiterated its buy rating along with its $50 price target on the stock.	Madrigal Pharmaceuticals (NASDAQ: MDGL) , Brink's (NYSE: BCO) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. With several rivals fighting to come out with a treatment for the liver disease, investors today have high hopes that Madrigal will be first out of the gate and make that translate into a profit boom if late-stage trials go equally well. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.	Madrigal Pharmaceuticals (NASDAQ: MDGL) , Brink's (NYSE: BCO) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Madrigal sings a pretty song Shares of Madrigal Pharmaceuticals soared into the stratosphere , leaping more than 140% in the wake of extremely encouraging clinical trial results in a study of the company's MGL-3196 candidate treatment for the liver disease non-alcoholic steatohepatitis. This Brink's deal is almost a steal Brink's stock climbed 16% after making an acquisition of a key industry rival.	Madrigal Pharmaceuticals (NASDAQ: MDGL) , Brink's (NYSE: BCO) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. This Brink's deal is almost a steal Brink's stock climbed 16% after making an acquisition of a key industry rival. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.
9686.0	2018-05-29 00:00:00 UTC	5 Top Stock Trades for Wednesday Morning	AAOI	https://www.nasdaq.com/articles/5-top-stock-trades-for-wednesday-morning-2018-05-29	nan	nan	InvestorPlace - Stock Market News, Stock Advice & Trading Tips Investors may have gotten to enjoy a long weekend away from the stock market, but that joy didn't last long. Due to political worries in Italy, U.S. stocks took it on the chin Tuesday. There were some strong performers, but by and large stocks declined. Here are our top stock trades going forward. Top Stock Trades for Tomorrow #1: S&P 500 (SPY) With Tuesday's 1.5% tumble, the SPDR S&P 500 ETF Trust (NYSEARCA: SPY ) fell out of its recent trading range between $270 and $274. Bummer. 20 2018 Losers That Will Be Big Winners Just as it was shaping up and looking like it might move higher. Should buyers fail to show up near the 50-day, looking for support near the 200-day moving average. It would require a further drop in the SPY, but the results would be far from catastrophic. Top Stock Trades for Tomorrow #2: Nasdaq (QQQ) While the SPY may be struggling, tech is doing better, with the PowerShares QQQ Trust, Series 1 (ETF) (NASDAQ: QQQ ) only down about 50 basis points. It's always possible for the QQQ to catch up to the SPY's losses. But the early look here is that tech could be a safe-haven. After all, Apple Inc. (NASDAQ: AAPL ), Nvidia Corporation (NASDAQ: NVDA ), Netflix, Inc. (NASDAQ: NFLX ) and Amazon.com, Inc. (NASDAQ: AMZN ) have been holding up fine. Continued selling likely changes that, but for now, it looks okay. And unlike the SPY, the QQQ didn't break below its recent trading range. Look for support in that $166 area to hold. If it doesn't, there should be plenty of support areas before the 200-day moving average comes into play. Top Stock Trades for Tomorrow #3: Bank of America (BAC) One notable laggard group? The banks. Many bank stocks gave us a false breakout, something that InvestorPlace traders were watching for . Names like JPMorgan Chase & Co (NYSE: JPM ) were on the cusp of a breakout, but having failed to do that, a retest of support was back on the table. Bank of America Corp (NYSE: BAC ) is no different. Support at $29 has held up multiple times in 2018, but with BAC just below that level now, a retest of the 200-day moving average near $28.50 could be possible. I would look for a quick bounce in BAC between $28.50 and current levels. As such, BAC offers bulls a solid risk/reward near $28.50 to $29. Top Stock Trades for Tomorrow #4: Momo Inc (MOMO) Momo Inc (ADR) (NASDAQ: MOMO ) is one of the few bright spots Tuesday, rocketing higher by more than 14%. That's on the back of the company's earnings and revenue beat . So where to now? Unfortunately, MOMO stock is heading right for a brick wall. Should it break through this area of resistance, it should continue running to new highs this year. If it fails, a pullback or some consolidation (or both) will be needed. Top Stock Trades for Tomorrow #5: Applied Opto (AAOI) Applied Optoelectronics Inc (NASDAQ: AAOI ) is not for the faint of heart and has had its share of controversy over the past year. That being said, AAOI could be setting up as a potential long candidate for those willing to trade it. Shares are flirting with that $36 resistance level, but a push through could ignite a big-time rally. There is a massive - and I mean seriously large - short position in AAOI. While that would make me scrutinize the fundamentals quite a bit, it could also fan the flames of a rally if shorts are forced to cover. Over $36 could be what sparks a big short-covering rally too. 4 Major Energy Stocks to Ditch Now A failure to breakout could easily send AAOI back down to $30. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell . As of this writing, Bret Kenwell held long positions in NVDA, AAPL and JPM. More From InvestorPlace 7 Triple-A Stocks to Buy for the Summer 11 Stocks You Should Be Buying This Summer 20 Oil Stocks for an Unpredictable Second Half 20 Gambling Stocks to Play the Booming Economy Compare Brokers The post 5 Top Stock Trades for Wednesday Morning appeared first on InvestorPlace . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	4 Major Energy Stocks to Ditch Now A failure to breakout could easily send AAOI back down to $30. Top Stock Trades for Tomorrow #5: Applied Opto (AAOI) Applied Optoelectronics Inc (NASDAQ: AAOI ) is not for the faint of heart and has had its share of controversy over the past year. That being said, AAOI could be setting up as a potential long candidate for those willing to trade it.	Top Stock Trades for Tomorrow #5: Applied Opto (AAOI) Applied Optoelectronics Inc (NASDAQ: AAOI ) is not for the faint of heart and has had its share of controversy over the past year. That being said, AAOI could be setting up as a potential long candidate for those willing to trade it. There is a massive - and I mean seriously large - short position in AAOI.	Top Stock Trades for Tomorrow #5: Applied Opto (AAOI) Applied Optoelectronics Inc (NASDAQ: AAOI ) is not for the faint of heart and has had its share of controversy over the past year. That being said, AAOI could be setting up as a potential long candidate for those willing to trade it. There is a massive - and I mean seriously large - short position in AAOI.	There is a massive - and I mean seriously large - short position in AAOI. Top Stock Trades for Tomorrow #5: Applied Opto (AAOI) Applied Optoelectronics Inc (NASDAQ: AAOI ) is not for the faint of heart and has had its share of controversy over the past year. That being said, AAOI could be setting up as a potential long candidate for those willing to trade it.
9687.0	2018-05-29 00:00:00 UTC	These 3 Optical Networking Stocks Are Ridiculously Cheap	AAOI	https://www.nasdaq.com/articles/these-3-optical-networking-stocks-are-ridiculously-cheap-2018-05-29	nan	nan	The optical networking sector has fallen on hard times lately. Many stocks in this category skyrocketed in 2016 and early 2017, only to come crashing back down. There is no doubt in my mind that high-speed network equipment and components will be in high demand for many years to come. That's why I'm salivating over the rock-bottom prices that some of the best names in the industry are trading for right now. So let's have a closer look at Finisar (NASDAQ: FNSR) , Applied Optoelectronics Inc. (NASDAQ: AAOI) , and NeoPhotonics (NYSE: NPTN) , all of which have seen share prices sliding at least 20% lower over the last 52 weeks. These are great companies in a high-growth industry with legs that are good for miles and miles, and should be snapped up at these ridiculously low prices. Finisar Finisar's stock price has plunged 32% over the last year. The drop was partly triggered by disappointing optical equipment orders, but Apple (NASDAQ: AAPL) played a larger role in this drama. Apple uses Finisar 3D-sensing arrays to power the iPhone's TrueDepth camera and the proximity-sensing features of the wireless AirPods earbuds. So when Apple showed a weak iPhone hand in January, Finisar's share price plunged. But Finisar is shipping its so-called VCSEL sensors as fast as it can make them, and Apple's order volume is not a limiting factor there, so that's not a terribly valid reason for Finisar's sliding stock price. When Apple sneezes, its component suppliers catch the flu -- with or without sensible support from the actual business case. The company's management sees much larger end markets for VCSEL sensors than just Apple's smartphones with face recognition features. Cupertino just happens to be a pretty sweet early contract for this bleeding-edge technology. While waiting for the VCSEL market to mature, Finisar is also a leading supplier of high-speed fiber optic transceivers and ROADM connection cards. Both of these markets are currently champing at the bit and ready to explode when telecoms around the world finally start to roll out next-generation 5G wireless networks. These ultra-fast systems will require huge bandwidth feeds on the back end, hooking up wireless towers and small-cell arrays to the internet at large. Finisar is not the only fiber optic specialist that will benefit from that groundswell, but it's certainly on that list. And the dramatic drop in Finisar's share price has led to a frugal price-to-earnings ratio of just 13.9 times trailing earnings or 1.4 times trailing sales. That's a steal for investors who are willing to wait for the 5G and VCSEL catalysts to kick in -- and who can ride out some rough seas until Finisar reaches that destination. Applied Optoelectronics Inc. Data center networking specialist Applied Optoelectronics (AOI) rode a big wave in early 2017 thanks to massive orders from leading customers Amazon.com (NASDAQ: AMZN) and Facebook (NASDAQ: FB) . But it came crashing back down when the same clients tapped the brakes on their infrastructure upgrade plans. All in all, AOI investors have endured a 51% haircut in 52 weeks. Neither one of these huge customers are planning to stop investing in high-speed networks anytime soon. Nor is AOI losing market share in these accounts in the long haul. In fact, several rivals are reportedly using generous pricing discounts to have a fighting chance at competing with AOI's top-quality transceivers. No, Facebook and Amazon are simply taking their time to do proper component testing and network planning before launching into their next big fiber optic order surges. AOI and others recently introduced new transceivers and networking lasers at double the bandwidth of the last round, and another big leap is planned in 2019. Doing these upgrades right can be tricky when you run data centers on a grand scale, so AOI and its investors must simply live with these order delays until the infotech giants get their ducks in a row. Like Finisar, Applied Optoelectronics is really just waiting for another swing in a highly cyclical industry. That patience should be rewarded within the next three or four quarters, and the bounce could also start sooner than that. NeoPhotonics Here's a game of international intrigue on a high level. NeoPhotonics makes optoelectronic networking modules and systems, and most of its orders come from China. In 2017, 40% of the company's total revenues came from Chinese networking giant Huawei , while smaller peer ZTE accounted for another 5%. All told, 55% of NeoPhotonics' revenue last year was based on Chinese orders. That heavy dependence on China turned into a liability when Beijing and Washington started rattling sabers over their international trade relations. Along the way, ZTE was slapped with heavy-handed sanctions that stopped the company from using American technologies for the next five years, effectively putting that company out of business. NeoPhotonics issued a press release explaining how small ZTE's revenue impact really was. But investors worried about the ZTE action leading up to similar sanctions on Huawei someday soon. That would be terrible news for NeoPhotonics. So the stock plunged . But the tenor of U.S.-China relations quickly changed when President Trump said that he wanted to save ZTE's business by modifying the company's sanctions. In that light, Huawei no longer looks like a target for huge regulatory actions, so NeoPhotonics investors have relaxed their attitudes against the stock. The share price has soared 33% higher in May. On top of that, rumor has it that NeoPhotonics is looking for a buyer, and Finisar might be ready to launch a buyout bid for the company. Stay tuned for more on that potential drama, which could unlock a lot of shareholder value in a hurry. The stock still trades 26% below its year-ago price, but the bottom of the bounce may be in the rearview mirror already. 10 stocks we like better than Finisar When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Finisar wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of May 8, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon and NeoPhotonics. The Motley Fool owns shares of and recommends Amazon, Apple, and Facebook. The Motley Fool has the following options: long January 2020 $150 calls on Apple and short January 2020 $155 calls on Apple. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	So let's have a closer look at Finisar (NASDAQ: FNSR) , Applied Optoelectronics Inc. (NASDAQ: AAOI) , and NeoPhotonics (NYSE: NPTN) , all of which have seen share prices sliding at least 20% lower over the last 52 weeks. No, Facebook and Amazon are simply taking their time to do proper component testing and network planning before launching into their next big fiber optic order surges. Doing these upgrades right can be tricky when you run data centers on a grand scale, so AOI and its investors must simply live with these order delays until the infotech giants get their ducks in a row.	So let's have a closer look at Finisar (NASDAQ: FNSR) , Applied Optoelectronics Inc. (NASDAQ: AAOI) , and NeoPhotonics (NYSE: NPTN) , all of which have seen share prices sliding at least 20% lower over the last 52 weeks. While waiting for the VCSEL market to mature, Finisar is also a leading supplier of high-speed fiber optic transceivers and ROADM connection cards. Applied Optoelectronics Inc. Data center networking specialist Applied Optoelectronics (AOI) rode a big wave in early 2017 thanks to massive orders from leading customers Amazon.com (NASDAQ: AMZN) and Facebook (NASDAQ: FB) .	So let's have a closer look at Finisar (NASDAQ: FNSR) , Applied Optoelectronics Inc. (NASDAQ: AAOI) , and NeoPhotonics (NYSE: NPTN) , all of which have seen share prices sliding at least 20% lower over the last 52 weeks. Finisar Finisar's stock price has plunged 32% over the last year. But Finisar is shipping its so-called VCSEL sensors as fast as it can make them, and Apple's order volume is not a limiting factor there, so that's not a terribly valid reason for Finisar's sliding stock price.	So let's have a closer look at Finisar (NASDAQ: FNSR) , Applied Optoelectronics Inc. (NASDAQ: AAOI) , and NeoPhotonics (NYSE: NPTN) , all of which have seen share prices sliding at least 20% lower over the last 52 weeks. Finisar Finisar's stock price has plunged 32% over the last year. Like Finisar, Applied Optoelectronics is really just waiting for another swing in a highly cyclical industry.
9688.0	2018-05-11 00:00:00 UTC	Bear of the Day: Applied Optoelectronics (AAOI)	AAOI	https://www.nasdaq.com/articles/bear-day-applied-optoelectronics-aaoi-2018-05-11	nan	nan	Optical networking equipment companies like Applied Optoelectronics (AAOI) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38 and fell to $22. And this week's earnings report gave analysts no reason to turn that trend around. My colleague Ryan McQueeny wrote about the AAOI report on Tuesday and had this to say... Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results. Shares of the company have gained about 38% over the past month, including a 4.4% gain during regular trading hours today. The stock is currently down 9.3% to $32.00 per share in after-hours trading shortly after its earnings report was released. Missed earnings estimates. The company posted adjusted earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. Investors should note that this consensus projection has trended downward over the duration of the quarter. Missed revenue estimates. The company saw revenue figures of $65.2 million, missing our consensus estimate of $69.3 million. Total revenue was down 32% from the year-ago period. (end of excerpt from Ryan's article) Three things stand out about Ryan's notes. First, he sure was right about the stock losing its #3 Rank after this earnings miss. It's rare to see analysts react so quickly, but the good news is that the Zacks Rank responded just as quickly, absorbing and calculating the new downward estimate revisions. Second, estimates were indeed trending down into the company's quarterly report. Ryan's article included the graphic view of that decline, but I have run an update here. Below is Zacks proprietary Price & Consensus chart which plots changes in annual EPS estimates against the stock price... Thirdly, the big reason that total revenue was down 32% year-over-year is that AAOI lost a good chunk of Amazon's business as their major and primary customer in the past year. Investors looking to play trends in optical networking for the past year would have been consistently better off picking a big, diversified winner like Broadcom (AVGO) rather than dabbling in the smaller companies with greater sensitivity to a single customer, cut-throat competition and commodity pricing. Until the earnings estimates stop going down and start heading back up, you'll be better off leaving this optical hardware player alone. The Zacks Rank will let you know. Wall Street's Next Amazon Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It's a once-in-a-generation opportunity to invest in pure genius. Click for details >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Optical networking equipment companies like Applied Optoelectronics (AAOI) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38 and fell to $22. My colleague Ryan McQueeny wrote about the AAOI report on Tuesday and had this to say...	Optical networking equipment companies like Applied Optoelectronics (AAOI) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38 and fell to $22.	Optical networking equipment companies like Applied Optoelectronics (AAOI) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. Below is Zacks proprietary Price & Consensus chart which plots changes in annual EPS estimates against the stock price... Thirdly, the big reason that total revenue was down 32% year-over-year is that AAOI lost a good chunk of Amazon's business as their major and primary customer in the past year. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38 and fell to $22.	Optical networking equipment companies like Applied Optoelectronics (AAOI) are no stranger to the cellar of the Zacks Rank lately as a slowdown in Chinese datacenter demand and heated competition erode their sales and earnings power. AAOI, in fact, has spent all of 2018 as a Zacks #5 Rank Strong Sell, since it was trading above $38 and fell to $22. My colleague Ryan McQueeny wrote about the AAOI report on Tuesday and had this to say...
9689.0	2018-05-10 00:00:00 UTC	Here's How Applied Optoelectronics Stock Rose 27% Last Month	AAOI	https://www.nasdaq.com/articles/heres-how-applied-optoelectronics-stock-rose-27-last-month-2018-05-10	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 27.5% in April 2018, according to data from S&P Global Market Intelligence . The maker of components and modules used in high-speed fiber-optic networking equipment scored over half of that gain in a single day thanks to a rosy analyst note. So what In a research note published on April 11, analyst firm Rosenblatt reported strong demand for data center equipment in China along with signs that Applied Optoelectronics (AOI) seemed to be regaining market share with major customer Facebook . The firm found both Chinese and American rivals launching discount programs in order to compete with AOI's high-speed products, which should put some pressure on the company's average selling prices while also demonstrating AOI's strong market position. Share prices surged 14.5% higher the next day and the gains expanded to 21% over a three-day period with no other news to speak of. Now what Some of the bloom came off Applied Optoelectronics' gains in early May as first-quarter earnings fell short of analyst expectations. But this is a generally volatile stock and the gains in May have largely kept pace with that single downside trigger's losses. Today, AOI shares are trading at an affordable 9.5 times trailing earnings and 7.3 times free cash flows. The market remains worried about soft Chinese demand and cautious network deployments in the data center sector, but AOI appears to be champing at the bit here. Any sign of further improvement in these sectors would likely be followed by another surge in Applied Optoelectronics' share prices. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of May 8, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 27.5% in April 2018, according to data from S&P Global Market Intelligence . The maker of components and modules used in high-speed fiber-optic networking equipment scored over half of that gain in a single day thanks to a rosy analyst note. So what In a research note published on April 11, analyst firm Rosenblatt reported strong demand for data center equipment in China along with signs that Applied Optoelectronics (AOI) seemed to be regaining market share with major customer Facebook .	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 27.5% in April 2018, according to data from S&P Global Market Intelligence . So what In a research note published on April 11, analyst firm Rosenblatt reported strong demand for data center equipment in China along with signs that Applied Optoelectronics (AOI) seemed to be regaining market share with major customer Facebook . Any sign of further improvement in these sectors would likely be followed by another surge in Applied Optoelectronics' share prices.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 27.5% in April 2018, according to data from S&P Global Market Intelligence . So what In a research note published on April 11, analyst firm Rosenblatt reported strong demand for data center equipment in China along with signs that Applied Optoelectronics (AOI) seemed to be regaining market share with major customer Facebook . 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 27.5% in April 2018, according to data from S&P Global Market Intelligence . So what In a research note published on April 11, analyst firm Rosenblatt reported strong demand for data center equipment in China along with signs that Applied Optoelectronics (AOI) seemed to be regaining market share with major customer Facebook . Any sign of further improvement in these sectors would likely be followed by another surge in Applied Optoelectronics' share prices.
9690.0	2018-05-08 00:00:00 UTC	Applied Optoelectronics (AAOI) Stock Falls on Earnings & Revenue Miss	AAOI	https://www.nasdaq.com/articles/applied-optoelectronics-aaoi-stock-falls-earnings-revenue-miss-2018-05-08	nan	nan	Applied Optoelectronics, Inc. (AAOI) just released its latest quarterly financial results, posting non-GAAP earnings of $0.28 per share and revenues of $65.2 million. Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results. Shares of the company have gained about 38% over the past month, including a 4.4% gain during regular trading hours today. The stock is currently down 9.3% to $32.00 per share in after-hours trading shortly after its earnings report was released. Applied Optoelectronics: Missed earnings estimates . The company posted adjusted earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. Investors should note that this consensus projection has trended downward over the duration of the quarter. Missed revenue estimates . The company saw revenue figures of $65.2 million, missing our consensus estimate of $69.3 million. Total revenue was down 32% from the year-ago period. GAAP net income was $2.1 million, down from $19.8 million in the prior-year quarter. "We achieved revenue in the first quarter of $65.2 million, which was slightly below our guidance as we were unable to complete some orders in the quarter due to higher than expected employee turnover in our China factory as a result of the Lunar New Year holiday. These orders have been shipped in Q2. In the first quarter, we made good progress in diversifying our customer base with nine design wins, including five for our 100G products," said CEO Dr. Thompson Lin. Applied Opto expects second quarter 2018 revenue in range of $75 million to $81 million. Non-GAAP earnings are expected to fall between $0.39 and $0.52 per share. Prior to today's announcement, our Zacks Consensus Estimates were calling for earnings of $0.43 per share and revenue $77.1 million in the quarter. Here's a graph that looks at Applied's recent earnings performance: Applied Optoelectronics, Inc. Price, Consensus and EPS Surprise Applied Optoelectronics, Inc. Price, Consensus and EPS Surprise \| Applied Optoelectronics, Inc. Quote Applied Optoelectronics, Inc. designs, develops and manufactures advanced optical devices, packaged optical components, optical subsystems, laser transmitters and fiber optic transceivers. The company's products are used in fiber optic communications equipment for FTTH, point-to-point telecom, datacom and access networks and systems supporting cable television, network infrastructure. Check back later for our full analysis on AAOI's earnings report! Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter! Looking for Stocks with Skyrocketing Upside? Zacks has just released a Special Report on the booming investment opportunities of legal marijuana. Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Optoelectronics, Inc. (AAOI) just released its latest quarterly financial results, posting non-GAAP earnings of $0.28 per share and revenues of $65.2 million. Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results. Check back later for our full analysis on AAOI's earnings report!	Applied Optoelectronics, Inc. (AAOI) just released its latest quarterly financial results, posting non-GAAP earnings of $0.28 per share and revenues of $65.2 million. Click to get this free report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results.	Applied Optoelectronics, Inc. (AAOI) just released its latest quarterly financial results, posting non-GAAP earnings of $0.28 per share and revenues of $65.2 million. Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results. Check back later for our full analysis on AAOI's earnings report!	Applied Optoelectronics, Inc. (AAOI) just released its latest quarterly financial results, posting non-GAAP earnings of $0.28 per share and revenues of $65.2 million. Currently, AAOI is a Zacks Rank #3 (Hold), but that could change based on today's results. Check back later for our full analysis on AAOI's earnings report!
9691.0	2018-05-08 00:00:00 UTC	Noteworthy Tuesday Option Activity: AAOI, LGIH, MAR	AAOI	https://www.nasdaq.com/articles/noteworthy-tuesday-option-activity-aaoi-lgih-mar-2018-05-08	nan	nan	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 16,750 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of AAOI's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $30 strike put option expiring May 18, 2018 , with 1,873 contracts trading so far today, representing approximately 187,300 underlying shares of AAOI. Below is a chart showing AAOI's trailing twelve month trading history, with the $30 strike highlighted in orange: LGI Homes, Inc. (Symbol: LGIH) options are showing a volume of 3,128 contracts thus far today. That number of contracts represents approximately 312,800 underlying shares, working out to a sizeable 103.4% of LGIH's average daily trading volume over the past month, of 302,540 shares. Particularly high volume was seen for the $65 strike put option expiring May 18, 2018 , with 622 contracts trading so far today, representing approximately 62,200 underlying shares of LGIH. Below is a chart showing LGIH's trailing twelve month trading history, with the $65 strike highlighted in orange: And Marriott International, Inc. (Symbol: MAR) saw options trading volume of 19,104 contracts, representing approximately 1.9 million underlying shares or approximately 99.5% of MAR's average daily trading volume over the past month, of 1.9 million shares. Particularly high volume was seen for the $150 strike call option expiring January 18, 2019 , with 15,001 contracts trading so far today, representing approximately 1.5 million underlying shares of MAR. Below is a chart showing MAR's trailing twelve month trading history, with the $150 strike highlighted in orange: For the various different available expirations for AAOI options , LGIH options , or MAR options , visit StockOptionsChannel.com. Today's Most Active Call & Put Options of the S&P 500 » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Particularly high volume was seen for the $30 strike put option expiring May 18, 2018 , with 1,873 contracts trading so far today, representing approximately 187,300 underlying shares of AAOI. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 16,750 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of AAOI's average daily trading volume over the past month, of 1.6 million shares.	Below is a chart showing AAOI's trailing twelve month trading history, with the $30 strike highlighted in orange: LGI Homes, Inc. (Symbol: LGIH) options are showing a volume of 3,128 contracts thus far today. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 16,750 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of AAOI's average daily trading volume over the past month, of 1.6 million shares.	Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 16,750 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of AAOI's average daily trading volume over the past month, of 1.6 million shares. Particularly high volume was seen for the $30 strike put option expiring May 18, 2018 , with 1,873 contracts trading so far today, representing approximately 187,300 underlying shares of AAOI.	Particularly high volume was seen for the $30 strike put option expiring May 18, 2018 , with 1,873 contracts trading so far today, representing approximately 187,300 underlying shares of AAOI. Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Applied Optoelectronics Inc (Symbol: AAOI), where a total volume of 16,750 contracts has been traded thus far today, a contract volume which is representative of approximately 1.7 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 107.8% of AAOI's average daily trading volume over the past month, of 1.6 million shares.
9692.0	2018-05-08 00:00:00 UTC	Earnings Reaction History: Applied Optoelectronics, Inc., 80.0% Follow-Through Indicator, 15.1% Sensitive	AAOI	https://www.nasdaq.com/articles/earnings-reaction-history-applied-optoelectronics-inc-800-follow-through-indicator-151	nan	nan	Expected Earnings Release: 05/08/2018, After-hours Avg. Extended-Hours Dollar Volume: $23,661,064 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 83.3% Average next regular session additional gain: 10% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 83.3% of the time (5 events) the stock posted additional gains in the following regular session by an average of 10.0%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 75% Average next regular session additional loss: 7.8% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 75.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 7.8% by the following regular session close. Data provided by the MT Pro service at MTNewswires.com. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 83.3% Average next regular session additional gain: 10% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 83.3% of the time (5 events) the stock posted additional gains in the following regular session by an average of 10.0%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 75% Average next regular session additional loss: 7.8% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 75.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 7.8% by the following regular session close. Extended-Hours Dollar Volume: $23,661,064 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 83.3% Average next regular session additional gain: 10% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 83.3% of the time (5 events) the stock posted additional gains in the following regular session by an average of 10.0%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 75% Average next regular session additional loss: 7.8% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 75.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 7.8% by the following regular session close.	Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 83.3% Average next regular session additional gain: 10% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 83.3% of the time (5 events) the stock posted additional gains in the following regular session by an average of 10.0%. Last 12 Qtrs Negative Only Price Reactions Percent of time added to extended-hours losses: 75% Average next regular session additional loss: 7.8% Over that same historical period, when shares of AAOI dropped in the extended-hours in reaction to its earnings announcement, history shows that 75.0% of the time (3 events) the stock dropped further, adding to the extended-hours losses by an average of 7.8% by the following regular session close. Extended-Hours Dollar Volume: $23,661,064 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session.	Extended-Hours Dollar Volume: $23,661,064 Applied Optoelectronics, Inc. ( AAOI ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Historical earnings event related premarket and after-hours trading activity in AAOI indicates that the price change in the extended hours is likely to be of significant value in forecasting additional price movement by the following regular session close. Last 12 Qtrs Positive Only Price Reactions Percent of time added to extended-hours gains: 83.3% Average next regular session additional gain: 10% Over the prior three fiscal years (12 quarters), when shares of AAOI rose in the extended-hours session in reaction to its earnings announcement, history shows that 83.3% of the time (5 events) the stock posted additional gains in the following regular session by an average of 10.0%.
9693.0	2018-05-07 00:00:00 UTC	Tech Today: Apple Nears $1 Trillion, Debating Zuora, Tech's Tariff Risk	AAOI	https://www.nasdaq.com/articles/tech-today-apple-nears-1-trillion-debating-zuora-techs-tariff-risk-2018-05-07	nan	nan	Here are some things going on today in your world of tech. Buffett still gushing over Apple Adam Berry/Getty Images for Apple Shares of Apple (AAPL) are hitting new highs, as they continue to bask in the glow of appreciative statements by Warren Buffett. On Friday, Buffett said Berkshire (BRKB) continues to add to its position in the stock. This morning, Buffett offered up fresh quotes, telling CNBC's Becky Quick, "I'd love to own 100 percent of it. We like very much the economics of their activities. We like very much the management and the way they think," according to the write-up by Tae Kim. Buffett was asked about Apple's plan to buy back $100 billion of its shares over an undisclosed period of time, and said, "I know I don't have to do a thing and probably in a couple of years we'll own 6 percent without laying out another dollar. Well, I love the idea of having 5 percent go to 6 percent." Apple shares today are up $3.34, or 1.8%, at $187.23, after hitting a new all time-high of $187.67 earlier. With total diluted shares outstanding at the end of the prior quarter of 5.068 billion, the stock is ever-so close to a trillion-dollar market cap, at $951.11 billion. The stock needs to trade $197.32 to hit that milestone. Debating cloud darling Zuora Shares of San Mateo, Califa.-based startup Zuora (ZUO), the cloud software company that went public on April 12th, are down 18 cents, or 1%, at $19.37, after the stock was initiated by underwriters this morning, with mixed reviews. Zuora Inc. Jefferies and Needham both give the stock the equivalent of a Buy rating, while Goldman Sachs, Canaccord Genuity and Morgan Stanley have it at a Hold. Needham's Scott Berg, starting the stock at a Buy rating, with a $24 price target, writes that the company has "an early leadership position in the nascent product category called subscription management." That is a market that can grow "at least 30% plus per year over the coming decade," Berg believes. Given Zuora "has been at the forefront of this once-in-a-generation business model shift," he thinks they'll take a "disproportionate" share of the market. Canaccord's Richard Davis, starting the stock at Hold, with a $20 price target, writes that "despite promising prospects […] even if we push the numbers, we can't get to a sufficiently attractive internal rate of return." Davis notes that "investors these days are climbing over each other to get into IPOs." "Thus, we are quite favorable on Zuora's outlook, but we cannot get to a BUY because investors have inflated the share price." Cheers for Cloudera, Bilibili Among other initiations today, open-source software Hadoop service company Cloudera (CLDR) gets a Buy rating and a $20 price target at Craig-Hallum from analysts Chad Bennett, citing a large and growing market in the software. Cloudera stock is up 76 cents, or 5%, at $15.80. And Bilibili (BILI), the Chinese video gaming company that wants to be a social company, gets an Overweight rating and $14 price target at JP Morgan from analyst Alex Yao, who cheers the company's leadership in video content for Gen Z. Shares of Bilibili, which went public on March 28th, are down 6 cents at $9.93, and up just fractionally since the IPO. Applied Opto's pain continues iStockphoto The pain continues for fiber-optic vendor Applied Optoelectronics (AAOI), which has struggled over the past year with slowing orders for its parts from cloud companies such as Amazon (AMZN). D A Davidson's Mark Kelleher cuts his price target on the shares to $50 from $55, while keeping a Buy rating, predicting that customer Facebook (FB) is going to take longer to ramp up its use of the company's fiber-optic parts. He still likes the company's leadership in its market, however. Applied Optoelectronics is set to report earnings tomorrow after market close. Applied shares are up $1.41, or 4.4%, at $33.25 today. There are no obvious prompts for that sharp gain today. Taiwan Semi sees risk in U.S.-China battle Tariff and trade issues are back in the news this morning, as Morris Chang, outgoing chairman of Taiwan Semiconductor Manufacturing, told the Financial Times's Edward White that a "full blown" trade war between the U.S. and China, could disrupt many electronics products. Tiernan Ray for Barron's "China does a lot of assembling of the final product, so the US-China trade dispute may impact us also," said Chang. That is a risk Chang predicts his colleagues will have to deal with after he leaves the company. White mentions that Taiwan Semi is a supplier to Apple - it manufactures the " A series " processors that power the iPhone. Taiwan Semi shares today are down 3 cents a $38.56. Sign up to Review & Preview, a new daily email from Barron's. Every evening we'll review the news that moved markets during the day and look ahead to what it means for your portfolio in the morning. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Applied Opto's pain continues iStockphoto The pain continues for fiber-optic vendor Applied Optoelectronics (AAOI), which has struggled over the past year with slowing orders for its parts from cloud companies such as Amazon (AMZN). Needham's Scott Berg, starting the stock at a Buy rating, with a $24 price target, writes that the company has "an early leadership position in the nascent product category called subscription management." Canaccord's Richard Davis, starting the stock at Hold, with a $20 price target, writes that "despite promising prospects […] even if we push the numbers, we can't get to a sufficiently attractive internal rate of return."	Applied Opto's pain continues iStockphoto The pain continues for fiber-optic vendor Applied Optoelectronics (AAOI), which has struggled over the past year with slowing orders for its parts from cloud companies such as Amazon (AMZN). Needham's Scott Berg, starting the stock at a Buy rating, with a $24 price target, writes that the company has "an early leadership position in the nascent product category called subscription management." Canaccord's Richard Davis, starting the stock at Hold, with a $20 price target, writes that "despite promising prospects […] even if we push the numbers, we can't get to a sufficiently attractive internal rate of return."	Applied Opto's pain continues iStockphoto The pain continues for fiber-optic vendor Applied Optoelectronics (AAOI), which has struggled over the past year with slowing orders for its parts from cloud companies such as Amazon (AMZN). Debating cloud darling Zuora Shares of San Mateo, Califa.-based startup Zuora (ZUO), the cloud software company that went public on April 12th, are down 18 cents, or 1%, at $19.37, after the stock was initiated by underwriters this morning, with mixed reviews. Needham's Scott Berg, starting the stock at a Buy rating, with a $24 price target, writes that the company has "an early leadership position in the nascent product category called subscription management."	Applied Opto's pain continues iStockphoto The pain continues for fiber-optic vendor Applied Optoelectronics (AAOI), which has struggled over the past year with slowing orders for its parts from cloud companies such as Amazon (AMZN). Needham's Scott Berg, starting the stock at a Buy rating, with a $24 price target, writes that the company has "an early leadership position in the nascent product category called subscription management." Applied shares are up $1.41, or 4.4%, at $33.25 today.
9694.0	2018-05-03 00:00:00 UTC	NEAR, XTL: Big ETF Inflows	AAOI	https://www.nasdaq.com/articles/near-xtl-big-etf-inflows-2018-05-03	nan	nan	Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Short Maturity Bond ETF ( NEAR ), which added 12,900,000 units, or a 21.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR S&P Telecom ETF ( XTL ), which added 400,000 units, for a 25.8% increase in outstanding units. Among the largest underlying components of XTL, in morning trading today F5 Networks ( FFIV ) is up about 0.2%, and Applied Optoelectronics ( AAOI ) is lower by about 0.2%. VIDEO: NEAR, XTL: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Among the largest underlying components of XTL, in morning trading today F5 Networks ( FFIV ) is up about 0.2%, and Applied Optoelectronics ( AAOI ) is lower by about 0.2%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Short Maturity Bond ETF ( NEAR ), which added 12,900,000 units, or a 21.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR S&P Telecom ETF ( XTL ), which added 400,000 units, for a 25.8% increase in outstanding units.	Among the largest underlying components of XTL, in morning trading today F5 Networks ( FFIV ) is up about 0.2%, and Applied Optoelectronics ( AAOI ) is lower by about 0.2%. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR S&P Telecom ETF ( XTL ), which added 400,000 units, for a 25.8% increase in outstanding units. VIDEO: NEAR, XTL: Big ETF Inflows The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Among the largest underlying components of XTL, in morning trading today F5 Networks ( FFIV ) is up about 0.2%, and Applied Optoelectronics ( AAOI ) is lower by about 0.2%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Short Maturity Bond ETF ( NEAR ), which added 12,900,000 units, or a 21.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR S&P Telecom ETF ( XTL ), which added 400,000 units, for a 25.8% increase in outstanding units.	Among the largest underlying components of XTL, in morning trading today F5 Networks ( FFIV ) is up about 0.2%, and Applied Optoelectronics ( AAOI ) is lower by about 0.2%. Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the iShares Short Maturity Bond ETF ( NEAR ), which added 12,900,000 units, or a 21.9% increase week over week. And on a percentage change basis, the ETF with the biggest increase in inflows was the SPDR S&P Telecom ETF ( XTL ), which added 400,000 units, for a 25.8% increase in outstanding units.
9695.0	2018-04-17 00:00:00 UTC	Tuesday's ETF with Unusual Volume: SLYG	AAOI	https://www.nasdaq.com/articles/tuesdays-etf-unusual-volume-slyg-2018-04-17	nan	nan	The SPDR S&P 600 Small Cap Growth ETF ( SLYG ) is seeing unusually high volume in afternoon trading Tuesday, with over 596,000 shares traded versus three month average volume of about 30,000. Shares of SLYG were up about 0.7% on the day. Components of that ETF with the highest volume on Tuesday were Oclaro ( OCLR ), trading up about 5.9% with over 6.2 million shares changing hands so far this session, and Extreme Networks ( EXTR ), up about 5.6% on volume of over 1.6 million shares. Consol Energy ( CEIX ) is the component faring the best Tuesday, higher by about 6% on the day, while Applied Optoelectronics ( AAOI ) is lagging other components of the SPDR S&P 600 Small Cap Growth ETF, trading lower by about 3.7%. VIDEO: Tuesday's ETF with Unusual Volume: SLYG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Consol Energy ( CEIX ) is the component faring the best Tuesday, higher by about 6% on the day, while Applied Optoelectronics ( AAOI ) is lagging other components of the SPDR S&P 600 Small Cap Growth ETF, trading lower by about 3.7%. The SPDR S&P 600 Small Cap Growth ETF ( SLYG ) is seeing unusually high volume in afternoon trading Tuesday, with over 596,000 shares traded versus three month average volume of about 30,000. Components of that ETF with the highest volume on Tuesday were Oclaro ( OCLR ), trading up about 5.9% with over 6.2 million shares changing hands so far this session, and Extreme Networks ( EXTR ), up about 5.6% on volume of over 1.6 million shares.	Consol Energy ( CEIX ) is the component faring the best Tuesday, higher by about 6% on the day, while Applied Optoelectronics ( AAOI ) is lagging other components of the SPDR S&P 600 Small Cap Growth ETF, trading lower by about 3.7%. The SPDR S&P 600 Small Cap Growth ETF ( SLYG ) is seeing unusually high volume in afternoon trading Tuesday, with over 596,000 shares traded versus three month average volume of about 30,000. VIDEO: Tuesday's ETF with Unusual Volume: SLYG The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Consol Energy ( CEIX ) is the component faring the best Tuesday, higher by about 6% on the day, while Applied Optoelectronics ( AAOI ) is lagging other components of the SPDR S&P 600 Small Cap Growth ETF, trading lower by about 3.7%. The SPDR S&P 600 Small Cap Growth ETF ( SLYG ) is seeing unusually high volume in afternoon trading Tuesday, with over 596,000 shares traded versus three month average volume of about 30,000. Components of that ETF with the highest volume on Tuesday were Oclaro ( OCLR ), trading up about 5.9% with over 6.2 million shares changing hands so far this session, and Extreme Networks ( EXTR ), up about 5.6% on volume of over 1.6 million shares.	Consol Energy ( CEIX ) is the component faring the best Tuesday, higher by about 6% on the day, while Applied Optoelectronics ( AAOI ) is lagging other components of the SPDR S&P 600 Small Cap Growth ETF, trading lower by about 3.7%. The SPDR S&P 600 Small Cap Growth ETF ( SLYG ) is seeing unusually high volume in afternoon trading Tuesday, with over 596,000 shares traded versus three month average volume of about 30,000. Shares of SLYG were up about 0.7% on the day.
9696.0	2018-04-12 00:00:00 UTC	Here's Why Many Fiber-Optic Networking Stocks Fell Last Month While Oclaro Raced 33% Higher	AAOI	https://www.nasdaq.com/articles/heres-why-many-fiber-optic-networking-stocks-fell-last-month-while-oclaro-raced-33-higher	nan	nan	What happened Shares of Oclaro (NASDAQ: OCLR) gained 33.3% in March of 2018, according to data from S&P Global Market Intelligence , riding a generous buyout premium as longtime rival Lumentum (NASDAQ: LITE) launched a takeover bid. On the flip side, many other companies in the fiber-optic networking market saw their share prices shrink last month -- largely because of a lack of Oclary-style buyout attention for those companies. So what Notably, Applied Optoelectronics (NASDAQ: AAOI) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to fall a couple of weeks later as no such bids materialized. AAOI shares fell 10.3% lower in March, but the damage was repaired in early April when analyst firm Rosenblatt said that the company's largest data center customers are ramping up their computing infrastructures very quickly at the moment. Finisar (NASDAQ: FNSR) followed in AAOI's footsteps in March, surging more than 10% higher around the announcement of Lumentum's Oclary deal, but losing it all amid deafening radio silence. By the end of March, the stock had fallen 12.2% lower, and Finisar has not enjoyed any glowing analyst analyses in April. Now what All things considered, there's no doubt that high-speed networking will be a large and vibrant market for many years to come. The sector has its ups and downs, triggered by events such as regulatory crackdowns and rollouts of better and faster hardware generations. Both of those example headwinds were in full force in late 2017, and now things are looking up again. It's a sector full of fantastic investment ideas. Even the losers in the upcoming upswing are likely to gain some ground in Oclaro-like buyout deals. Consolidation can be a powerful value builder. That being said, Oclaro already got its buyout exit and is just waiting for the final regulatory approvals before cashing that check. AAOI is smaller and more volatile than Finisar, but also more profitable when times are good. There's a place for both of these stocks in many investing portfolios, each one seemingly tailored for a particular investing style. High-rolling growth seekers would go for AAOI every time, while those who prefer many years of proven success and a more stable financial platform can gravitate toward Finisar. 10 stocks we like better than Finisar When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Finisar wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of April 2, 2018 Anders Bylund has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	So what Notably, Applied Optoelectronics (NASDAQ: AAOI) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to fall a couple of weeks later as no such bids materialized. AAOI shares fell 10.3% lower in March, but the damage was repaired in early April when analyst firm Rosenblatt said that the company's largest data center customers are ramping up their computing infrastructures very quickly at the moment. Finisar (NASDAQ: FNSR) followed in AAOI's footsteps in March, surging more than 10% higher around the announcement of Lumentum's Oclary deal, but losing it all amid deafening radio silence.	The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. So what Notably, Applied Optoelectronics (NASDAQ: AAOI) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to fall a couple of weeks later as no such bids materialized. AAOI shares fell 10.3% lower in March, but the damage was repaired in early April when analyst firm Rosenblatt said that the company's largest data center customers are ramping up their computing infrastructures very quickly at the moment.	So what Notably, Applied Optoelectronics (NASDAQ: AAOI) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to fall a couple of weeks later as no such bids materialized. AAOI shares fell 10.3% lower in March, but the damage was repaired in early April when analyst firm Rosenblatt said that the company's largest data center customers are ramping up their computing infrastructures very quickly at the moment. Finisar (NASDAQ: FNSR) followed in AAOI's footsteps in March, surging more than 10% higher around the announcement of Lumentum's Oclary deal, but losing it all amid deafening radio silence.	So what Notably, Applied Optoelectronics (NASDAQ: AAOI) was held up as a likely takeover target before the ink had dried on the Oclaro/Lumentum deal, but the stock started to fall a couple of weeks later as no such bids materialized. AAOI shares fell 10.3% lower in March, but the damage was repaired in early April when analyst firm Rosenblatt said that the company's largest data center customers are ramping up their computing infrastructures very quickly at the moment. Finisar (NASDAQ: FNSR) followed in AAOI's footsteps in March, surging more than 10% higher around the announcement of Lumentum's Oclary deal, but losing it all amid deafening radio silence.
9697.0	2018-04-11 00:00:00 UTC	Why Is Applied Opto (AAOI) Stock Soaring Today?	AAOI	https://www.nasdaq.com/articles/why-applied-opto-aaoi-stock-soaring-today-2018-04-11	nan	nan	Shares of Applied Optoelectronics AAOI soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors. According to Rosenblatt analyst Jun Zhang, the firm's expert on the Chinese tech market, it is possible that hyperscale price drops and Huawei and ZTE pulling in orders could lead to positive benefits for Applied Opto. The analyst said that his research suggests AAOI has gained market share at Facebook FB versus Innolight Technology, a subsidiary of China's Shandong Zhongji Electrical Equipment Company, and could be on track to gain more business because of Innolight's quality issues and aggressive pricing. This positive note comes just three months after Zhang suggested that both Facebook and Amazon AMZN were transferring a share of their optical equipment load to InnoLight. He argued that the shift to InnoLight might be inspired by the Chinese government's push to grow its presence in the optical component industry amid growing demand, especially in the 5G market. Applied Optoelectronics provides fiber-optic networking solutions, primarily for the cable television, fiber-to-the-home, and datacenter markets. The company manufactures products at varying levels of integration-from components and modules to complete turn-key equipment. Applied sees about 80% of its total revenue from its datacenter operations. The firm's three largest customers in this segment are Facebook, Amazon, and Microsoft MSFT . Shares of AAOI soared in the first six months of 2017 as investors recognized that the growth of these companies' cloud operations should help suppliers like Applied, but the stock has come crashing back down as competition ratcheted up. AAOI investors will hope that Zhang's bullish sentiment becomes a trend among analysts soon. Within the past 60 days, the company has witnessed five analyst revisions to its full-year EPS estimates, with 100% agreement to the downside. This negative estimate revision activity has earned the stock a Zacks Rank #5 (Strong Sell). The Zacks Consensus Estimate for AAOI's annual earnings has slipped $1.24 over that timeframe. We now expect Applied Opto to witness its earnings plunge 49% on the back of a 12% decline in net sales in 2018. AAOI shares bounced to an intraday day of $28.19 in early morning trading Wednesday, which represents a 25% improvement from the stock's 52-week low. However, shares are still about 73% lower than their 52-week high. Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter! 5 Medical Stocks to Buy Now Zacks names 5 companies poised to ride a medical breakthrough that is targeting cures for leukemia, AIDS, muscular dystrophy, hemophilia, and other conditions. New products in this field are already generating substantial revenue and even more wondrous treatments are in the pipeline. Early investors could realize exceptional profits. Click here to see the 5 stocks >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Shares of AAOI soared in the first six months of 2017 as investors recognized that the growth of these companies' cloud operations should help suppliers like Applied, but the stock has come crashing back down as competition ratcheted up. Shares of Applied Optoelectronics AAOI soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors. The analyst said that his research suggests AAOI has gained market share at Facebook FB versus Innolight Technology, a subsidiary of China's Shandong Zhongji Electrical Equipment Company, and could be on track to gain more business because of Innolight's quality issues and aggressive pricing.	Shares of Applied Optoelectronics AAOI soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors. The analyst said that his research suggests AAOI has gained market share at Facebook FB versus Innolight Technology, a subsidiary of China's Shandong Zhongji Electrical Equipment Company, and could be on track to gain more business because of Innolight's quality issues and aggressive pricing. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.	Shares of Applied Optoelectronics AAOI soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors. The analyst said that his research suggests AAOI has gained market share at Facebook FB versus Innolight Technology, a subsidiary of China's Shandong Zhongji Electrical Equipment Company, and could be on track to gain more business because of Innolight's quality issues and aggressive pricing. Click to get this free report Amazon.com, Inc. (AMZN): Free Stock Analysis Report Facebook, Inc. (FB): Free Stock Analysis Report Microsoft Corporation (MSFT): Free Stock Analysis Report Applied Optoelectronics, Inc. (AAOI): Free Stock Analysis Report To read this article on Zacks.com click here.	Shares of Applied Optoelectronics AAOI soared more than 10% in early morning trading Wednesday after analysts from Rosenblatt Securities said the company has regained market share at key clients thanks to weakness from competitors. The analyst said that his research suggests AAOI has gained market share at Facebook FB versus Innolight Technology, a subsidiary of China's Shandong Zhongji Electrical Equipment Company, and could be on track to gain more business because of Innolight's quality issues and aggressive pricing. Shares of AAOI soared in the first six months of 2017 as investors recognized that the growth of these companies' cloud operations should help suppliers like Applied, but the stock has come crashing back down as competition ratcheted up.
9698.0	2018-04-11 00:00:00 UTC	Why Applied Optoelectronics Inc. Stock Jumped on Wednesday	AAOI	https://www.nasdaq.com/articles/why-applied-optoelectronics-inc-stock-jumped-wednesday-2018-04-11	nan	nan	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers. So what Rosenblatt analyst Jun Zhang expects a second-quarter rebound in AAOI's top line. Major customers Facebook and Amazon.com appear to be buying more of AAOI's high-speed optical transceivers these days, giving less of their business to China-based rival Zhongji Innolight. "We believe that AAOI is seeing improved traction due to its aggressive pricing and ongoing quality issues at Innolight," the analyst wrote. "During our recent trip to Asia, we found that server demand is very strong and we believe data center deployments in both China and US are ramping quickly." Now what If Zhang's analysis is correct, this would be the end of a difficult chapter in AAOI's history and perhaps the start of another strong growth spurt like the one in late 2016 and early 2017. The stock still trades a mind-boggling 72% below its 52-week highs, even after accounting for today's strong bounce. In short, optical networking stocks in general look tempting right now -- and Applied Optoelectronics more so than most of its rivals. 10 stocks we like better than Applied Optoelectronics When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor , has quadrupled the market.* David and Tom just revealed what they believe are the 10 best stocks for investors to buy right now... and Applied Optoelectronics wasn't one of them! That's right -- they think these 10 stocks are even better buys. Click here to learn about these picks! *Stock Advisor returns as of April 2, 2018 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Anders Bylund owns shares of Amazon. The Motley Fool owns shares of and recommends Amazon and Facebook. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. Major customers Facebook and Amazon.com appear to be buying more of AAOI's high-speed optical transceivers these days, giving less of their business to China-based rival Zhongji Innolight. An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers.	What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers. So what Rosenblatt analyst Jun Zhang expects a second-quarter rebound in AAOI's top line.	An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. So what Rosenblatt analyst Jun Zhang expects a second-quarter rebound in AAOI's top line.	An analyst firm issued an optimistic report on the stock based on good-looking checks among AAOI's data center customers. What happened Shares of Applied Optoelectronics (NASDAQ: AAOI) closed 14.5% higher on Wednesday, having recorded a peak gain of 17.2% earlier in the trading session. So what Rosenblatt analyst Jun Zhang expects a second-quarter rebound in AAOI's top line.
9699.0	2018-04-11 00:00:00 UTC	Why Hilton Worldwide Holdings, Pretium, and Applied Optoelectronics Jumped Today	AAOI	https://www.nasdaq.com/articles/why-hilton-worldwide-holdings-pretium-and-applied-optoelectronics-jumped-today-2018-04-11	nan	nan	Wednesday was a down day for the stock market, with the Dow Jones Industrial Average posting triple-digit losses even as broader benchmarks had much smaller moves. Market participants largely focused their attention on the inflation front, as March consumer price index numbers showed a 0.2% rise in the core rate excluding food and energy. Year-over-year price changes have accelerated, seemingly giving the Federal Reserve more justification to continue raising interest rates. Yet even though many stocks generally react unfavorably to inflation fears, there were some big gainers that had good news. Hilton Worldwide Holdings (NYSE: HLT) , Pretium (NYSE: PVG) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Here's why they did so well. Hilton survives a big sale Shares of Hilton Worldwide Holdings rose 6% after faring better than some had feared following a major shareholder selling off a big portion of its position in the hotel company . Chinese conglomerate HNA Tourism Group offered 60 million Hilton shares in a secondary offering, and the price had sagged in recent sessions as investors worried that the sale of a roughly $4.4 billion stake in the company would cause a big disruption in the market. But after the news came out that the offering had priced at $73 per share, the stock pushed higher, and investors seemed to take heart from the fact that neither the company nor any corporate insiders took advantage of the offering to sell shares of their own. Pretium shines brighter Pretium Resources stock soared 19% in the wake of the company's release of a production report on its Brucejack mine in northern British Columbia. The mining company said that it had produced more than 75,000 ounces of gold from Brucejack during the first quarter of 2018, processing more than 260,000 metric tons of ore and seeing production steadily rise throughout the quarter. Pretium also confirmed that it's still on track to meet its production guidance for 150,000 to 200,000 gold ounces during the first half of 2018, with all-in sustaining costs estimated at $700 to $900 per ounce. With the rate of underground development accelerating and with gold recovery rates approaching 97%, Brucejack appears to be pulling its weight so far for Pretium. Wall Street likes Applied Optoelectronics Finally, shares of Applied Optoelectronics jumped 14.5%. The fiber-optic component specialist earned favorable comments from stock analysts at Rosenblatt Securities, who said that the company seems to be having a competitive turnaround. Social media and e-commerce giants have started to look to Applied Optoelectronics to meet their fiber-optic needs, turning less to Chinese competitors with less reliable goods. As long as those trends remain in place, Applied Optoelectronics will have an opportunity to build market share at the expensive of less nimble industry rivals. Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. In fact, the newsletter they run, Motley Fool Stock Advisor , has tripled the S&P 500!* Tom and David just revealed their ten top stock picks for investors to buy right now. Click here to get access to the full list! * Stock Advisor returns as of April 2, 2018. Dan Caplinger has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy . The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.	Hilton Worldwide Holdings (NYSE: HLT) , Pretium (NYSE: PVG) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Wednesday was a down day for the stock market, with the Dow Jones Industrial Average posting triple-digit losses even as broader benchmarks had much smaller moves. Market participants largely focused their attention on the inflation front, as March consumer price index numbers showed a 0.2% rise in the core rate excluding food and energy.	Hilton Worldwide Holdings (NYSE: HLT) , Pretium (NYSE: PVG) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Hilton survives a big sale Shares of Hilton Worldwide Holdings rose 6% after faring better than some had feared following a major shareholder selling off a big portion of its position in the hotel company . Offer from The Motley Fool: The 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market.	Hilton Worldwide Holdings (NYSE: HLT) , Pretium (NYSE: PVG) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Chinese conglomerate HNA Tourism Group offered 60 million Hilton shares in a secondary offering, and the price had sagged in recent sessions as investors worried that the sale of a roughly $4.4 billion stake in the company would cause a big disruption in the market. But after the news came out that the offering had priced at $73 per share, the stock pushed higher, and investors seemed to take heart from the fact that neither the company nor any corporate insiders took advantage of the offering to sell shares of their own.	Hilton Worldwide Holdings (NYSE: HLT) , Pretium (NYSE: PVG) , and Applied Optoelectronics (NASDAQ: AAOI) were among the best performers on the day. Hilton survives a big sale Shares of Hilton Worldwide Holdings rose 6% after faring better than some had feared following a major shareholder selling off a big portion of its position in the hotel company . Wall Street likes Applied Optoelectronics Finally, shares of Applied Optoelectronics jumped 14.5%.

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