On August 4, Applied Optoelectronics rose 6.56% in pre-market trading, trading at 117.75 USD/share, with turnover of approximately $8.36 million. The stock had already surged over 9% during the prior trading session, with momentum extending into pre-market.
The rally is driven by robust earnings growth expectations ahead of the company's quarterly report scheduled for August 6 (post-market). Consensus estimates project revenue of approximately $190 million, representing an 80.03% year-over-year increase, while adjusted EPS is expected at $0.02, a 120.22% improvement. Institutional sentiment leans bullish, with buy and strong-buy ratings accounting for roughly 57.14% of coverage, and no bearish opinions on record.
Additionally, Corning's CEO recently stated in an earnings call that optical communications product demand remains strong, forecasting per-GPU fiber demand to grow 1.3 to 1.5 times by 2028, boosting broader sector sentiment. Peer stock Lumentum rose approximately 4.89% in pre-market, confirming sector-wide recovery momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)