How Applied Optoelectronics, Inc. Stock Rose 58% in July
Shares of Applied Optoelectronics (NASDAQ: AAOI) gained 58% in July 2017, according to data from S&P Global Market Intelligence. Yes, the stock gained 58% in a single month. That's not a typo.
The maker of high-speed transceivers and other components for fiber-optic networking equipment was already on a massive roll at the start of July, having soared nearly 200% higher in the first six months of 2017. And then the train kept rolling.
AOI released preliminary second-quarter results on July 13, exceeding management's own guidance targets by wide margins. An avalanche of analyst upgrades and target price boosts followed, and AOI's share prices jolted upward with every rosy research note.
Source: Fool.com
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