Applied Optoelectronics (NASDAQ: AAOI) in Focus: Stock Moves 6.3% Higher

Applied Optoelectronics, Inc. (NASDAQ: AAOI at https://www.webull.com/quote/nasdaq-aaoi)  was a major mover last meeting, as the organization saw its offers rise over 6% on the day. The move went ahead with strong volume too with undeniably a greater number of offers changing hands than in an ordinary meeting. This proceeds with the ongoing upswing for the organization as the stock is presently up 23.8% in the previous one-month time span.

The Zacks Consensus Estimate for the current quarter has moved lower in the course of recent weeks for the organization, recommending there might be an inconvenience not far off. So make a point to prop an eye on this stock up forward, to check whether this ongoing move higher can last. Applied Optoelectronics (NASDAQ: AAOI) right now has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Applied Optoelectronics, Inc. (NASDAQ: AAOI) cost | Applied Optoelectronics, Inc. (NASDAQ: AAOI) Statement

A superior positioned stock in the Electronics – Semiconductors industry is Silicon Motion Technology Corporation SIMO, holding a Zacks Rank #1 (Strong Buy). You can see the total rundown of the present Zacks #1 Rank stocks here.

The COVID-19 flare-up has moved shopper conduct significantly, and a bunch of cutting edge organizations have ventured up to keep America running. At the present time, financial specialists in these organizations have taken shots at genuine benefits. For instance, Zoom hopped 108.5% in under 4 months while most different stocks were sinking.

Applied Optoelectronics (NASDAQ: AAOI) Elects Elizabeth G. Loboa as New Director and Audit Committee Member

SUGAR LAND, Texas, June 25, 2020 (GLOBE NEWSWIRE) – Applied Optoelectronics, Inc. (NASDAQ: AAOI), a main supplier of fibre-optic access organize items for the web datacenter, link broadband, telecom and fibre-to-the-home (FTTH) markets, today reported that Elizabeth G. Loboa, PhD was chosen for the organization’s Board of Directors at the yearly gathering of investors on June 4, 2020, and has been designated to serve on the Audit Committee.

Applied Optoelectronics Inc. (NASDAQ: AAOI) CEO and Chairman of the Board of Directors. Elizabeth Loboa, Ph.D., at present serves the University of Missouri as Vice Chancellor for Strategic Partnerships and serves on the Board of Directors for the Missouri Innovation Center. Already, Dr Loboa filled in as a teacher and Associate Chair of the Joint Department of Biomedical Engineering at University of North Carolina-Chapel Hill and North Carolina State University and as Director of the Cell Mechanics Laboratory at the Joint Department of Biomedical Engineering at University of North Carolina-Chapel Hill and North Carolina State University. You can check more stock news at stock trading apps. Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.