Applied Optoelectronics, Inc. (AAOI) was a big mover last session, as the company saw its shares rise nearly 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up more than 41% since Feb 12, 2014.
The company has seen no estimate revision over the past 7 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Some better-ranked semiconductor stocks include Integrated Device Technology, Inc. (IDTI), Lattice Semiconductor Corporation (LSCC) and Ambarella, Inc. (AMBA). While Integrated Device and Lattice Semiconductor sport a Zacks Rank #1 (Strong Buy), Ambarella has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment