TradingKey – On October 8 ET, Applied Optoelectronics (AAOI) closed down 13.58% at $105.90, touching an intraday low of $104.88, with full-day volume of approximately 19.42 million shares.
On the same day, optical communication stocks also moved lower, with Coherent (COHR) falling 9.63%, while Lumentum (LITE) dropped 5.62%.
As of that day’s close, AAOI remained up by about 204% year-to-date. Key operational metrics worth monitoring going forward include 800G product deliveries, 1.6T product shipments, capacity expansion progress, and changes in gross margin.
AAOI Completes $600 Million ATM Offering, Raising Net Proceeds of About $588 Million
On October 5, Applied Optoelectronics announced that it completed a $600 million at-the-market…
