On July 30, Applied Optoelectronics rose 5.42% in after-hours trading, trading at $94.9/share, with turnover of $13.90 million. The stock had already surged nearly 10% during the regular session, with gains extending into the after-hours period.
On the news front, the company is scheduled to release quarterly earnings on August 6 after market close. Market consensus expects revenue of approximately $190 million, representing an 80.03% year-over-year increase, with adjusted EPS of $0.02, up 120.22% year-over-year. Institutional coverage remains predominantly bullish, with buy and strong buy ratings accounting for approximately 57.14%, and no bearish views on record.
The stock had previously declined over 25% throughout July, primarily dragged down by Corning's disappointing Q3 guidance that triggered broad selling across the optical communication sector. With the stock significantly retreating from highs, the combination of strong earnings growth expectations and technical oversold conditions fueled the rebound. The broader optical communication sector also rallied on the same session, with Astera Labs up nearly 14% and Marvell Technology up over 10%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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