The Latest Breaking News from Applied Optoelectronics

Applied Optoelectronics shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 78 to 81.

Applied Optoelectronics shows rising price performance, earning an upgrade to its IBD Relative Strength Rating

Investors with a lot of money to spend have taken a bullish stance on Applied Optoelectronics (NASDAQ:AAOI).

Summary Applied Optoelectronics (AAIO) has shown exceptional price appreciation, gaining 145.98% since a Trend Seeker buy signal on 11/7, with strong technical indicators. The company designs and sells fiber-optic networking products, with significant market presence in the U.S., Taiwan, and China. Fundamental factors show a market cap of $1.88 billion,...

Boosted by Lumentum and Applied Optoelectronics earnings reports, IBD's Telecom-Fiber Optics group has climbed to No. 3 out of 197 industries tracked.

The tech industry has been under pressure as a result of macroeconomic uncertainties. Therefore, let’s analyze whether Casa Systems (CASA) and Applied Optoelectronics (AAOI) are worth buying.

The November rally continues with more names joining in. These five stock have outperformed with gains as high as 85% in November.