Movement Alert｜Applied Optoelectronics Falls 7.35% in Regular Trading, Post-Earnings Pullback Deepens as Communication Equipment Stocks Weaken

Market Focus11-12 22:44

On November 12, Applied Optoelectronics fell 7.35% in Regular Trading, trading at $52.7085/share, with turnover of $119 million.

The move followed a renewed post-earnings pullback as investors continued to reassess the company’s softer fourth-quarter revenue outlook, while weakness across communication equipment names added pressure.

Earlier disclosures showed third-quarter revenue of $269.9 million, up 128% year over year, with GAAP net income returning to $6.3 million and adjusted EPS of $0.17, ahead of expectations. However, fourth-quarter revenue guidance of $385 million to $420 million remained a key overhang after the earnings release, even as the company also announced a new $200 million credit facility that had briefly supported the stock. In the broader group, Lumentum fell 5.08%, Nokia Oyj fell 2.19%, and Cisco fell 0.37%.

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