Applied Optoelectronics Pleases Investors After Setting the Stage With Lowered Guidance

Applied Optoelectronics Pleases Investors After Setting the Stage With Lowered Guidance

Shares of Applied Optoelectronics (NASDAQ: AAOI) started sinking after the company issued a preliminary third-quarter report on Oct. 12. Final results reported on Nov. 7 are sending the stock up today, giving the stock a roughly 80% gain year to date, but investors who bought over the summer months are feeling the pain as the stock has a ways to go to get back to levels from July and early August.

Data by YCharts.

Continue reading

Source: Fool.com