Applied Optoelectronics, Inc.'s Best-Selling Product in 2017
Optical-components maker Applied Optoelectronics (NASDAQ: AAOI) recently announced preliminary results for the second quarter of 2017, and it was a doozy. From top-line revenues to bottom-line earnings, every metric came in above the top end of management's guidance targets, and AOI's share price rose as much as 10.1% the next day.
At this point, AOI investors have enjoyed market-stomping returns of 253% in 2017 and 600% over the last 52 weeks. These massive gains are based on unrelenting demand for AOI's data-center products, to the point where the company must continue to improve its manufacturing operations in order to exploit the huge customer interest.
Let's take a closer look at the data-center components behind Applied Optoelectronics' success in 2017.
Source: Fool.com
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