Applied OptoelectronicsNASDAQ: AAOI

It's hard to tell what the next big thing in artificial intelligence (AI) will be.

Applied Optoelectronics (AAOI) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.17. This compares to loss of $0.05 per share a year ago.

SUGAR LAND, Texas, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Applied Optoelectronics, Inc. (NASDAQ: AAOI), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today announced that it will release financial results for its third quarter ended September 30, 2024 on Thursday, November 7, 2024.

NEW YORK , Sept. 25, 2024 /PRNewswire/ -- Levi & Korsinsky announces that it has commenced an investigation of Applied Optoelectronics Inc (NASDAQ: AAOI) concerning possible breaches of fiduciary duty.

Applied Optoelectronics (AAOI) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

The artificial intelligence (AI) craze appears to be simmering down. For about a year and a half, technology equities valuations have ballooned as both institutional and retail investors have poured lump sums of capital into the burgeoning space of generative AI.

More than a few investors were unimpressed with the fiber optics networking specialist's second quarter. This, despite a slight beat on the bottom line.

Applied Optoelectronics (AAOI) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to loss of $0.21 per share a year ago.

On July 11th, comments from Federal Reserve Chairman Jerome Powell made comments that led investors to rapidly raise their expectations for rate cuts in 2024.