Movement Alert｜Applied Optoelectronics Falls 5.56% in Regular Trading, Post-Earnings Pullback Extends Amid Communication Equipment Weakness

Market Focus11-13 22:52

On November 13, Applied Optoelectronics fell 5.56% in Regular Trading, trading at $50.0677 per share, with turnover of $105 million.

The move followed a continued post-earnings reassessment of the company’s weaker fourth-quarter revenue outlook, while the broader communication equipment group also remained under pressure.

Recent public disclosures showed third-quarter revenue of $269.9 million, up 128% year over year, with GAAP net income turning positive at $6.3 million and adjusted EPS of $0.17, ahead of expectations. However, fourth-quarter revenue guidance of $385 million to $420 million was viewed as soft, and B. Riley cut its price target to $45 while maintaining a Neutral rating. Sector weakness reinforced the pressure, with Cisco falling 4.93%, Lumentum 4.22%, Ciena 4.17%, Nokia Oyj 2.23%, and Arista Networks 1.71%.

(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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