Moderna, JFrog, TransMedics, Ubiquiti And Other Big Stocks Moving Higher On Friday
U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
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U.S. stocks rose, Nasdaq gained ~400 points. Moderna jumped 9.1% on strong Q3 results and higher FY26 guidance; other stocks rallied on results and deals.
B. Riley has maintained its Neutral rating on Applied Optoelectronics while lowering its price target to $45 from $92.
Applied Optoelectronics, Inc. has announced the issuance of equity grants to employees under its inducement plan.
Needham has maintained its 'Buy' rating on Applied Optoelectronics, Inc. while reducing its price target from $170 to $100.
Coherent Corp. has signed a long-term supply agreement with Guangdong Xianrui Technology, a subsidiary of Guangzhi Technology, for 6-inch indium phosphide substrates.
Applied Optoelectronics reported 127% revenue growth to $269.9M driven by datacenter demand, with datacenter sales tripling year-over-year. However, gross margin remained flat at 28%, operating losses persisted, and GAAP net income relied on $10.1M in other income rather than core operations. The company guided for 49% revenue growth next quarter but delayed US capacity expansion due to electrical power and construction issues.