Applied Optoelectronics, Inc. (AAOI Quick QuoteAAOI - Free Report) was a big mover last session, as its shares rose over 31% on the day. The move came after the maker of fiber-optic network products issued preliminary figures for its fourth quarter, which was far higher than its initial outlook. This led to far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.24 to $24.96 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Applied Optoelectronics currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Applied Optoelectronics, Inc. Price

 

Applied Optoelectronics, Inc. Price | Applied Optoelectronics, Inc. Quote

Another favorably placed stock in the Electronics-Semiconductors space is Broadcom Limited (AVGO Quick QuoteAVGO - Free Report) , also sporting a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Is AAOI going up? Or down? Predict to see what others think: Up or Down

The Best Place to Start Your Stock Search

Today, you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>