Applied Optoelectronics jumps on Q2 results, guidance; Needham still sees $1B+ revenue (AAOI:NASDAQ)
Applied Optoelectronics (AAOI) shares jumped over 10% following its strong second-quarter results and guidance. Investment firm Needham reiterated its expectation for the company to achieve $1 billion or more in revenue, indicating continued confidence in AAOI's growth trajectory.