Stock Track | Applied Optoelectronics Skyrockets on AI Demand Optimism

Stock Track11-09

Shares of Applied Optoelectronics Inc. (AAOI) skyrocketed on Wednesday, surging an impressive 55.25% as investors cheered the company's mixed third-quarter earnings report and promising outlook for robust demand from the artificial intelligence (AI) industry.

While the fiber-optic networking equipment manufacturer reported an adjusted loss of $0.21 per share, missing analysts' expectations of a $0.17 loss, its revenue of $65.15 million exceeded the consensus estimate of $62.60 million. This revenue beat, coupled with the company's bullish revenue guidance for the fourth quarter, fueled optimism among investors about AAOI's ability to capitalize on the rapidly growing demand for high-speed networking components for AI systems.

AAOI's management provided a fourth-quarter revenue guidance range of $94 million to $104 million, further bolstering investor confidence in the company's growth prospects. CFO Stefan Murry highlighted the robust and ongoing demand for AI-related networking gear, noting that the trend is expected to remain strong for an extended period as AAOI's existing large customers and new entrants continue to increase their orders.

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(AAOI) skyrocketed on Wednesday, surging an impressive 55.25% as investors cheered the company's mixed third-quarter earnings report and promising outlook for ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAOI","symbol_name":"Applied Optoelectronics Inc.","start_time":0,"source_url":"","article_id":"1142604591","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1142604591","pubTimestamp":1731100162,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Applied Optoelectronics Inc.  skyrocketed on Wednesday, surging an impressive 55.25% as investors cheered the company's mixed third-quarter earnings report and promising outlook for robust demand from the artificial intelligence  industry.While the fiber-optic networking equipment manufacturer reported an adjusted loss of $0.21 per share, missing analysts' expectations of a $0.17 loss, its revenue of $65.15 million exceeded the consensus estimate of $62.60 million. 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