Last week, Rosenblatt initiated coverage of AAOI at Sell amid worries of price wars and declining margins. Even with demand up for fiberoptics in China and the United States, price competition should heat up in 100G and 400G module markets, which may make AAOI's 40%-range gross margin unsustainable.
Piper Jaffray is upbeat on the optical-equipment makers today, as the firm sees easier comparables amid a reset at China's ZTE, now working free of a U.S. ban.
Our technical analysis shows that:
The stock short-term sentiment (next 30 days) is trending negative;
The mid-term sentiment (3-6 months) is trending positive;
The long-term sentiment (9-12 months) is positive.
finstead.com/bite/Applied-Optoelectronics-AAOI-stock-forecast-prediction-july-19-2018
Piper Jaffray is upbeat on the optical-equipment makers today, as the firm sees easier comparables amid a reset at China's ZTE, now working free of a U.S. ban.
Our technical analysis shows that:
The stock short-term sentiment (next 30 days) is trending negative;
The mid-term sentiment (3-6 months) is trending positive;
The long-term sentiment (9-12 months) is positive.
finstead.com/bite/Applied-Optoelectronics-AAOI-stock-forecast-prediction-july-19-2018
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.