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Applied Optoelectronics, Inc. (AAOI) designs and manufactures optical communications products for Internet data center, cable television (CATV), and fiber-to-the-home markets.
It offers optical modules, optical transceivers, lasers, transmitters, and turn-key equipment, as well as headend, node, and distribution equipment. The Company designs and manufactures optical communications products at varying levels of integration, from components, subassemblies and modules to turn-key equipment. The Company has three manufacturing sites: Sugar Land, Texas, Ningbo, China and Taipei, Taiwan. It designs, manufactures and integrates its own analog and digital lasers using a Molecular Beam Epitaxy (MBE) fabrication process.
The company sells its products to CATV and telecommunications equipment manufacturers, and Internet service providers through its direct and indirect sales channels worldwide.
Shares have formed a bullish "double bottom" and higher share prices are expected for this stock. The firm reports on November 5th. Estimates call for a profit of 40 cents per share.
52-Weeks Trading Range: $8.17 - $22.79
Entry Point: $20.25
Stop Loss: $19.20
Target Price: $22.30
AAOI closed at $17.60
