Applied Optoelectronics (AAOI) Expected to Announce Business Updates Next Week

Image for article Applied Optoelectronics (AAOI) Expected to Announce Business Updates Next Week
News Source : Yahoo Entertainment

News Summary

  • Applied Optoelectronics (NASDAQ:AAOI) saw its share price increase by 15.53 percent on Friday to finish at $150.28 apiece.
  • Chief Finance and Strategy Officer Stefan Murry is set to present at Rosenblatt's 6th annual technology summit on Tuesday, August 18.
  • Investors are likely to watch for the company's updated outlook and targets, as well as how the company has so far performed in the first few weeks of the third quarter.
  • Hedge Funds Buy In.
  • Institutional investors signaled a strong conviction in the company, as evident in the increase in participating hedge funds and the 215 percent surge in their combined investments.
Applied Optoelectronics (NASDAQAAOI) saw its share price increase by 15.53 percent on Friday to finish at $150.

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