Raymond James Downgrades Applied Optoelectronics (AAOI) to Outperform
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Applied Optoelectronics Updates Third Quarter 2018 Revenue Guidance
September 28, 2018 6:00 AM EDTSUGAR LAND, Texas, Sept. 28, 2018 (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 updated its revenue guidance for its third quarter ended Sept. 30, 2018.
Applied Optoelectronics currently expects revenue for its third quarter 2018 to be between $55 million and $58 million, below the company's previous guidance of $82 million to $92 million. The company will report detailed third quarter financial results and host a conference call on Nov. 7, 2018.
"During the third... More
