Applied Optoelectronics (AAOI) Crumbles: Stock Falls by 6.5% - Tale of the Tape

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Applied Optoelectronics, Inc. ( AAOI ) saw a big move last session, as the company's shares fell by over 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for AAOI, as the stock is now down over 17% since in the past one-month time frame.

This slump shouldn't be too much of a surprise to investors, as the company in the Semiconductor industry has seen 3 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

AAOI currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.


Some better-ranked stocks in the same space include Advanced Micro Devices, Inc. ( AMD ), Rambus Inc. ( RMBS ) and Freescale Semiconductor, Ltd. ( FLS ). While Advanced Micro Devices and Rambus both sport a Zacks Rank #1 (Strong Buy), Freescale Semiconductor carries a Zacks Rank #2 (Buy).

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APPLIED OPTOELE (AAOI): Free Stock Analysis Report

ADV MICRO DEV (AMD): Free Stock Analysis Report

FLOWSERVE CORP (FLS): Free Stock Analysis Report

RAMBUS INC (RMBS): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: AAOI , AMD , FLS , RMBS

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