Applied Optoelectronics traded at $59.27 this Wednesday November 4th, decreasing $4.70 or 7.35 percent since the previous trading session. Looking back, over the last four weeks, Applied Optoelectronics lost 51.25 percent. Over the last 12 months, its price rose by 88.10 percent. Looking ahead, we forecast Applied Optoelectronics to be priced at 67.59 by the end of this quarter and at 63.38 in one year, according to Trading Economics global macro models projections and analysts expectations.
Applied Optoelectronics, Inc. is a vertically integrated provider of fiber-optic networking products, primarily for end-markets Internet data center, cable television (CATV), telecommunications and fiber-to-the-home (FTTH). The Company designs and manufactures a range of optical communications products at varying levels of integration, from components, subassemblies and modules to complete turn-key equipment. The Company manufactures lasers and laser components and performs research and development activities for laser component and optical module products. In addition, the Company also has a research and development facility in Duluth, Georgia. The Company operates in Taipei, Taiwan and Ningbo, China through its wholly-owned subsidiary Prime World International Holdings, Ltd. (Prime World). Prime World operates a branch in Taipei, Taiwan, which primarily manufactures transceivers and performs research and development activities for the transceiver products.