Fiserv earnings missed by $0.61, revenue fell short of estimates
In a recent transaction, Stefan J. Murry, the Chief Financial Officer of Applied Optoelectronics, Inc. (NASDAQ:AAOI), sold 3,000 shares of the company’s common stock. The company, currently valued at $1.36 billion, has seen its stock surge over 211% in the past six months, according to InvestingPro data. The shares were sold on February 18, 2025, at a weighted average price of $26.3412 per share, resulting in a total transaction value of $79,023.
These sales were conducted under a Rule 10b5-1 trading plan, which Murry adopted on September 18, 2024. The shares were sold in multiple transactions, with sale prices ranging from $26.18 to $26.50 per share. Following this transaction, Murry retains direct ownership of 198,581 shares of the company.
In other recent news, Applied Optoelectronics has been the subject of various developments that investors may find noteworthy. Rosenblatt Securities has increased its price target for the company to $44, citing strong demand for its 400G products and the potential for robust revenue growth. In contrast, B.Riley downgraded the company’s rating to Sell, expressing concerns over a potential slowdown in the 400G market segment. Meanwhile, Raymond (NSE:RYMD) James adjusted the price target for Applied Optoelectronics to $36, maintaining an Outperform rating despite a perceived slowdown in the cable TV market.
Additionally, the company has entered into a significant construction contract with Chyi Ding Technologies, valued at 277 million New Taiwan Dollars, to expand its manufacturing capabilities in New Taipei City. However, a report by Culper Research has raised concerns, accusing the company of misrepresenting its prospects in the 800G transceiver market and suggesting potential difficulties in scaling production. The report also questions the company’s relationships with major clients like Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT).
Applied Optoelectronics has not yet responded to these allegations. These developments collectively highlight a complex landscape for the company, with both positive and negative factors at play. Investors are advised to monitor these ongoing situations closely.
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