Applied Optoelectronics (AAOI) shares surged 17.8% on the last trading session, closing at $19.77, driven by higher-than-normal trading volume. This rebound contrasts with the company’s 11.5% loss over the past month.
Looking ahead, AAOI is projected to report a quarterly loss of $0.08 per share, marking a year-over-year improvement of 71.4%. Revenue is expected to hit $104.87 million, a significant 142.4% increase from the previous year.
AAOI currently holds a Zacks Rank of #3 (Hold). Its anticipated growth stems from strong demand in the CATV market and expansions in its data center business, particularly in advanced optical transceivers.
