Why Applied Optoelectronics Stock Sank Today
Stock market players weren't seeing great value in Applied Optoelectronics (NASDAQ: AAOI) stock as the trading week came to a close. The company's shares fell by almost 2% on Friday on the back of an earnings report that left investors wanting. That was on a day when the S 500 index ticked up slightly by 0.1%.
Applied Optoelectronics, which focuses on optical components for hardware such as that used in data centers, published its third-quarter results Friday morning.
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Source Fool.com
