
Applied Optoelectronics (AAOI) Stock Forecast & Price Target
Applied Optoelectronics (AAOI) Analyst Ratings
Bulls say
Applied Optoelectronics has demonstrated robust growth potential, with CATV revenue soaring 149% sequentially and 316% year-over-year, bolstered by a significant order from Charter. Expectations for CTV sales to Charter to sequentially increase in the upcoming quarters, alongside improving gross margins, reinforce a positive financial trajectory. Additionally, a projected increase in overall revenues from $65 million in Q3 2024 to $100 million in Q4 2024, driven primarily by substantial gains in CTV sales and reinforced by strong positioning with key customers like Amazon, augments the favorable outlook for the company's stock.
Bears say
Applied Optoelectronics Inc. has experienced mixed performance in its revenue streams, with 100G revenue decreasing by 2% quarter-over-quarter, raising concerns about future sales as the company anticipates a gradual decline in this segment. The company's gross margins on its CATV product sales for the second half of 2024 have also been negatively impacted due to increased costs associated with customer support. Additionally, while 200G/400G revenue showed a strong quarter-over-quarter growth of 28%, it declined by 12% year-over-year, highlighting potential issues with product demand and market share, which could lead to underperformance in the future.
This aggregate rating is based on analysts' research of Applied Optoelectronics and is not a guaranteed prediction by Public.com or investment advice.
Applied Optoelectronics (AAOI) Analyst Forecast & Price Prediction
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