Verizon has benefited from a flight to safety and from strong initial reception to new corporate direction. But progress “still needs to be proven over multiple quarters.”
Verizon has benefited from a flight to safety and from strong initial reception to new corporate direction. But progress “still needs to be proven over multiple quarters.”
pictafolio/E+ via Getty Images Applied Optoelectronics ( AAOI ) surged 20% by the end of market trading on Thursday as the fiber-optic networking company inked a sizable deal. It was up another 5% during early post-market trading. The Sugar Land, Texas-based company confirmed today it received a new $71M order for 800G single-mode data center transceivers from one of its major hyperscale customers...
pictafolio/E+ via Getty Images Applied Optoelectronics ( AAOI ) surged 20% by the end of market trading on Thursday as the fiber-optic networking company inked a sizable deal. It was up another 5% during early post-market trading. The Sugar Land, Texas-based company confirmed today it received a new $71M order for 800G single-mode data center transceivers from one of its major hyperscale customers. This customer has now made $124M in orders since mid-March. "This increased order for our 800G transceivers reflects both the customer's confidence in AOI and the growing demand for 800G optics," said Thompson Lin , founder and CEO of Applied Optoelectronics. "Following product qualification, we expect to begin delivering both the initial order—totaling more than $53 million—and this additional order in the second quarter. We anticipate completing delivery of the initial order in the third quarter, with this new order by the end of this year. We also recently shipped the first 10,000 units of an 800G single-mode transceiver order to another hyperscale data center customer." Shares of Applied Optoelectronics have rocketed 200% year-to-date. However, it has been volatile over the past month, with closing prices ranging from $84 to $127 over that time frame. More on Applied Optoelectronics Why I'm Buying Applied Optoelectronics, Despite Its Dark History Applied Optoelectronics: The Future For Light Is Bright I Was Early On Applied Optoelectronics, Here's What's Next Applied Optoelectronics secures $71 million order for 800G transceivers Memory, storage and optical stock declines drag down chip sector
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which me