AAOI stock price jumps 19% premarket as Applied Optoelectronics outlook and $250m share-sale plan hit tape
Applied Optoelectronics shares rose 19.3% premarket Friday to $64.05 after guiding Q1 revenue to $150 million–$165 million and setting up a $250 million at-the-market stock sale. The stock had closed Thursday down 7.6% at $53.69. B. Riley upgraded the stock to Neutral and raised its price target to $54. The company reported Q4 revenue of $134.3 million and a GAAP net loss of $2 million.