Applied Optoelectronics, Inc. (AAOI) was a big mover on Friday, as the company saw its shares rise by nearly 10% 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 nearly 17% since Dec 3.
The company has seen a mixed track record when it comes to estimate revisions, of three increases and one decrease over the past one month, while the Zacks Consensus Estimate has increased slightly over the same time frame. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Applied Optoelectronics currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better ranked electrical comp-semiconductor stocks include Pericom Semiconductor Corp. (PSEM), Amkor Technology, Inc. (AMKR) and Cavium, Inc. (CAVM). While Pericom holds a Zacks Rank #1 (Strong Buy), Amkor Technology and Cavium carry a Zacks Rank #2 (Buy).
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