Applied Optoelectronics Stock (NASDAQ: AAOI)

Applied Optoelectronics (NASDAQ:AAOI) Stock, Quote.Headers.trade-ideas

Applied Optoelectronics

Applied Optoelectronics Inc is a provider of fiber-optic networking products for the Internet data center, cable television, telecommunications and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance. The company derives maximum revenue from Taiwan.

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Applied Optoelectronics, Inc. - Common Stock

Applied Optoelectronics Inc

Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>), a leading provider of fiber-optic access network products for the internet datacenter, cable broadband, telecom and fiber-to-the-home (FTTH) markets, today confirmed that its facilities suffered no known damage from Typhoon Gaemi.

Applied Optoelectronics Confirms No Material Impact To Operations From Typhoon Gaemi

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Shares of companies within the broader technology sector are trading lower amid a selloff in chips and AI-related stocks.

In the early morning hours of Monday, Jul. 8, 2024, Hurricane Beryl came ashore as a category I hurricane in the area east of Matagorda, Texas, approximately 70 miles southwest of AOI&#39;s headquarters facility in Sugar Land.&nbsp;

Guidance

Applied Optoelectronics Confirms That Its Facilities Suffered No Known Damage From Hurricane Beryl

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$130.00</td>
<td>$45.4K</td>
<td>69.0K</td>
<td>247.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$180.00</td>
<td>$49.5K</td>
<td>17.3K</td>
<td>100.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>07/12/24</td>
<td>$225.00</td>
<td>$30.8K</td>
<td>18.2K</td>
<td>68.5K</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$35.00</td>
<td>$49.0K</td>
<td>19.3K</td>
<td>15.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/12/24</td>
<td>$1000.00</td>
<td>$39.9K</td>
<td>4.1K</td>
<td>13.6K</td>
</tr>
<tr>
<td>CSCO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/19/24</td>
<td>$46.50</td>
<td>$26.3K</td>
<td>268</td>
<td>8.0K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>07/12/24</td>
<td>$1850.00</td>
<td>$156.8K</td>
<td>1.6K</td>
<td>4.7K</td>
</tr>
<tr>
<td>DELL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$145.00</td>
<td>$26.4K</td>
<td>5.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>AAOI</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>08/16/24</td>
<td>$7.50</td>
<td>$46.2K</td>
<td>115</td>
<td>2.0K</td>
</tr>
<tr>
<td>CLSK</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$13.00</td>
<td>$32.7K</td>
<td>1.8K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 200 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $45.4K, with a price of $227.0 per contract. There were 69001 open contracts at this strike prior to today, and today 247679 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on July 12, 2024. This event was a transfer of 177 contract(s) at a $180.00 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $280.0 per contract. There were 17391 open contracts at this strike prior to today, and today 100255 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option trade with neutral sentiment. It expires in 4 day(s) on July 12, 2024. Parties traded 95 contract(s) at a $225.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $325.0 per contract. There were 18202 open contracts at this strike prior to today, and today 68547 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on July 19, 2024. This event was a transfer of 1000 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $49.0K, with a price of $49.0 per contract. There were 19369 open contracts at this strike prior to today, and today 15113 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on July 12, 2024. Parties traded 40 contract(s) at a $1000.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $39.9K, with a price of $985.0 per contract. There were 4165 open contracts at this strike prior to today, and today 13682 contract(s) were bought and sold. 
• For CSCO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), we notice a call option sweep that happens to be bearish, expiring in 11 day(s) on July 19, 2024. This event was a transfer of 571 contract(s) at a $46.50 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $26.3K, with a price of $46.0 per contract. There were 268 open contracts at this strike prior to today, and today 8048 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on July 12, 2024. Parties traded 160 contract(s) at a $1850.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $156.8K, with a price of $980.0 per contract. There were 1645 open contracts at this strike prior to today, and today 4749 contract(s) were bought and sold. 
• For DELL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DELL#NYSE">DELL</a>), we notice a call option trade that happens to be bullish, expiring in 11 day(s) on July 19, 2024. This event was a transfer of 50 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $528.0 per contract. There were 5800 open contracts at this strike prior to today, and today 3562 contract(s) were bought and sold. 
• Regarding AAOI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>), we observe a call option trade with neutral sentiment. It expires in 39 day(s) on August 16, 2024. Parties traded 250 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $46.2K, with a price of $185.0 per contract. There were 115 open contracts at this strike prior to today, and today 2045 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a put option sweep that happens to be bullish, expiring in 74 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $13.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $32.7K, with a price of $163.0 per contract. There were 1840 open contracts at this strike prior to today, and today 1863 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

AVGO

CLSK

CSCO

DELL

INTC

NVDA

SMCI

10 Information Technology Stocks With Whale Alerts In Today's Session

&quot;We are pleased to have reached an agreement with Molex. Both of our companies value patent protection and are committed to respecting the intellectual property of others,&quot; said Dr. Thompson Lin, Applied Optoelectronics Inc. Founder, President and Chief Executive Officer.
Details regarding the confidential settlement agreement were not disclosed.

Applied Optoelectronics And Molex Reach Settlement Regarding Patent Infringement Dispute, Among Others

Applied Optoelectronics To Join Russell 3000 Index, Effective At Open On Jul. 1

Rosenblatt analyst Mike Genovese maintains Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) with a Buy and lowers the price target from $20 to $16.

Price Target

Analyst Ratings

Rosenblatt Maintains Buy on Applied Optoelectronics, Lowers Price Target to $16

B. Riley Securities analyst David Kang maintains Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) with a Neutral and lowers the price target from $16 to $12.

B. Riley Securities Maintains Neutral on Applied Optoelectronics, Lowers Price Target to $12

Shares of Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) rose sharply in today's pre-market trading following strong first-quarter earnings.
Natera posted GAAP loss of 56 cents per share, compared to market expectations for a loss of 71 cents per share. The company's quarterly sales came in at $367.700 million versus estimates of $316.306 million.
Natera, shares jumped 15.3% to $110.25 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Novavax, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVAX#NASDAQ">NVAX</a>) gained 165% to $11.84 in pre-market trading after the company reported first-quarter results.</li>
<li>AEye, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) gained 38.1% to $1.63 in pre-market trading after the company disclosed a partnership with LITEON Technology Corporation.</li>
<li>Sensus Healthcare, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRTS#NASDAQ">SRTS</a>) shares rose 26.3% to $4.8110 in pre-market trading after the company reported better-than-expected first-quarter financial results.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) shares gained 18.7% to $27.98 in pre-market trading after the company reported better-than-expected first-quarter sales results.</li>
<li>Carbon Revolution Public Limited Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CREV#NASDAQ">CREV</a>) rose 15.3% to $11.07 in today's pre-market trading after declining around 10% on Thursday.</li>
<li>Inseego Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) gained 15.3% to $4.43 in pre-market trading after the company reported better-than-expected first-quarter financial results and issued second-quarter revenue guidance above estimates.</li>
<li>Array Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARRY#NASDAQ">ARRY</a>) shares rose 12.7% to $14.11 in pre-market trading after the company reported stronger-than-expected financial results for the first quarter on Thursday.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) shares gained 13.3% to $5.38 in pre-market trading after the company reported better-than-expected first quarter financial results.</li>
<li>Funko Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNKO#NASDAQ">FNKO</a>) gained 11.9% to $7.63 in pre-market trading as the company reported better-than-expected first-quarter earnings and issued strong earnings forecast for the second quarter. The company also appointed Cynthia Williams as its Chief Executive Officer, effective May 20.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>MacroGenics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) shares dipped 64.5% to $5.20 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares fell 36% to $20.80 pre-market trading after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.</li>
<li>Greenwave Technology Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GWAV#NASDAQ">GWAV</a>) dipped 27.8% to $0.0505 in pre-market trading after jumping 20% on Thursday.</li>
<li>MicroVision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares fell 27.2% to $1.18 in pre-market trading after the company reported worse-than-expected first-quarter GAAP EPS results.</li>
<li>Pineapple Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEGY#NASDAQ">PEGY</a>) shares declined 23.3% to $0.0560 in pre-market trading after the company reported worse-than-expected first quarter financial results.</li>
<li>Lipella Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIPO#NASDAQ">LIPO</a>) shares fell 20% to $0.60 in pre-market trading.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares dipped 16.4% to $8.79 in pre-market trading after the company issued weak second-quarter guidance.</li>
<li>Safe and Green Development Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGD#NASDAQ">SGD</a>) shares fell 14.8% to $0.7225 in pre-market trading after jumping around 37% on Thursday..</li>
<li>JFrog Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares fell 13.4% to $35.10 in pre-market trading after the company reported first quarter financial results.</li>
<li>Gritstone bio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRTS#NASDAQ">GRTS</a>) shares declined 13.2% to $0.8449 in pre-market trading after the company reported worse-than-expected first quarter GAAP EPS results.</li>
</ul>
Now Read This: <a href="https://www.benzinga.com/24/05/38753453/investor-sentiment-improves-further-dow-jumps-over-300-points">Investor Sentiment Improves Further, Dow Jumps Over 300 Points</a>

<h3>Gainers</h3>
<ul>
<li>AEye (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LIDR#NASDAQ">LIDR</a>) stock rose 36.7% to $1.64 during Friday's pre-market session. The market value of their outstanding shares is at $10.6 million. </li>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) shares increased by 16.66% to $4.48. The company's market cap stands at $53.2 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>WiSA Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WISA#NASDAQ">WISA</a>) stock moved upwards by 16.44% to $3.54. The company's market cap stands at $11.3 million. </li>
<li>SoundHound AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) stock rose 14.1% to $5.42. The market value of their outstanding shares is at $1.7 billion. The company's, Q1 earnings came out yesterday. </li>
<li>Movano (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOVE#NASDAQ">MOVE</a>) shares moved upwards by 13.9% to $0.45. The company's market cap stands at $44.1 million. </li>
<li>Ouster (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares increased by 9.17% to $11.3. The market value of their outstanding shares is at $509.1 million. The company's, Q1 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares fell 25.9% to $1.2 during Friday's pre-market session. The market value of their outstanding shares is at $247.2 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Evolv Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) stock declined by 19.02% to $3.11. The company's market cap stands at $483.8 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) stock decreased by 14.05% to $9.06. The company's market cap stands at $350.8 million. The company's, Q1 earnings came out yesterday. </li>
<li>JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares fell 13.81% to $35.01. The market value of their outstanding shares is at $3.7 billion. The company's, Q1 earnings came out yesterday. </li>
<li>X3 Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTKG#NASDAQ">XTKG</a>) stock fell 13.31% to $0.73. The market value of their outstanding shares is at $200.0 million. </li>
<li>Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) shares decreased by 10.45% to $4.2. The company's market cap stands at $768.8 million. As per the press release, Q1 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

EVLV

MOVE

WISA

XTKG

12 Information Technology Stocks Moving In Friday's Pre-Market Session

Applied Optoelectronics shares are trading lower after the company issued weak Q2 guidance.

U.S. stock futures were higher this morning, with the Dow futures gaining around 100 points on Friday.
Shares of Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) fell sharply in today's pre-market trading after the company issued <a href="https://www.benzinga.com/quote/AKAM/earnings">weak guidance</a>.
The company said it sees FY24 adjusted EPS of $6.20 to $6.40 compared to market estimates of $6.73. It expects revenue of $3.95 billion to $4.02 billion, versus expectations of $4.08 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Akamai Technologies shares dipped 10.4% to $91.73 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>MacroGenics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGNX#NASDAQ">MGNX</a>) shares tumbled 64.5% to $5.20 in pre-market trading after the company reported worse-than-expected first-quarter financial results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares declined 36% to $20.80 pre-market trading after the company reported worse-than-expected first-quarter sales results and issued FY24 sales guidance below estimates.</li>
<li>MicroVision, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) shares declined 27.2% to $1.18 in pre-market trading after the company reported worse-than-expected first-quarter GAAP EPS results.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares declined 16.4% to $8.79 in pre-market trading after the company issued weak second-quarter guidance.</li>
<li>JFrog Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares dipped 13.4% to $35.10 in pre-market trading after the company reported first quarter financial results.</li>
<li>Navitas Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) shares fell 10.4% to $4.20 in pre-market trading after the company reported worse-than-expected first-quarter adjusted EPS results.</li>
<li>Ginkgo Bioworks Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DNA#NYSE">DNA</a>) shares fell 10.4% to $0.8243 in pre-market trading after the company reported worse-than-expected first-quarter sales results.</li>
<li>indie Semiconductor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>) shares dipped 9.2% to $5.26 in pre-market trading following weak quarterly results.</li>
<li>Yelp Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YELP#NYSE">YELP</a>) shares declined 7.1% to $36.80 pre-market trading after the company reported a first-quarter revenue miss.</li>
<li>Runway Growth Finance Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RWAY#NASDAQ">RWAY</a>) shares fell 6.1% to $11.37 in pre-market trading as the company priced its secondary offering of 3.75 million common stock by selling stockholder at $11.50 per share.</li>
</ul>
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Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>

Akamai Technologies Issues Weak Outlook, Joins Applied Optoelectronics, JFrog And Other Big Stocks Moving Lower In Friday's Pre-Market Session

<h3>Gainers</h3>
<ul>
<li>Inseego (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INSG#NASDAQ">INSG</a>) shares increased by 15.4% to $4.43 during Thursday's after-market session. The company's market cap stands at $52.6 million. As per the press release, Q1 earnings came out today. </li>
<li>Actelis Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASNS#NASDAQ">ASNS</a>) stock increased by 8.73% to $0.62. The market value of their outstanding shares is at $1.8 million. </li>
<li>WaveDancer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WAVD#NASDAQ">WAVD</a>) shares moved upwards by 6.8% to $3.14. The market value of their outstanding shares is at $6.3 million. </li>
<li>Signing Day Sports (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SGN#AMEX">SGN</a>) shares moved upwards by 6.16% to $0.33. The company's market cap stands at $4.4 million. </li>
<li>Gen Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEN#NASDAQ">GEN</a>) stock increased by 4.96% to $21.35. The market value of their outstanding shares is at $13.5 billion. As per the news, the Q4 earnings report came out today. </li>
<li>Aware (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AWRE#NASDAQ">AWRE</a>) stock moved upwards by 4.18% to $2.24. The company's market cap stands at $47.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares fell 21.7% to $8.25 during Thursday's after-market session. The company's market cap stands at $319.5 million. The company's, Q1 earnings came out today. </li>
<li>Navitas Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVTS#NASDAQ">NVTS</a>) stock fell 15.36% to $3.97. The company's market cap stands at $726.7 million. The company's, Q1 earnings came out today. </li>
<li>Evolv Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVLV#NASDAQ">EVLV</a>) stock fell 11.46% to $3.4. The company's market cap stands at $528.9 million. As per the press release, Q1 earnings came out today. </li>
<li>Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) shares declined by 8.99% to $93.25. The market value of their outstanding shares is at $14.2 billion. As per the press release, Q1 earnings came out today. </li>
<li>JFrog (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FROG#NASDAQ">FROG</a>) shares fell 8.3% to $37.25. The company's market cap stands at $4.0 billion. As per the news, the Q1 earnings report came out today. </li>
<li>Arlo Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARLO#NYSE">ARLO</a>) stock fell 7.61% to $12.87. The company's market cap stands at $1.2 billion. As per the news, the Q1 earnings report came out today. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ARLO

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12 Information Technology Stocks Moving In Thursday's After-Market Session

Applied Optoelectronics Sees Q2 Adj. EPS $(0.34)-$(0.29) vs $(0.12) Est., Revenue $41.5M-$46.5M vs $57.19M Est.

Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) reported quarterly losses of $(0.31) per share which missed the analyst consensus estimate of $(0.29) by 6.9 percent. The company reported quarterly sales of $40.700 million which missed the analyst consensus estimate of $43.594 million by 6.64 percent. This is a 23.21 percent decrease over sales of $53.000 million the same period last year.

Earnings

Earnings Misses

Applied Optoelectronics Q1 2024 Adj EPS $(0.31) Misses $(0.29) Estimate, Sales $40.700M Miss $43.594M Estimate

<a href="https://www.linkedin.com/posts/mark-lutkowitz-b22abb2_fibereality-has-become-aware-of-preliminary-activity-7193232981195456512-aSMa" title="https://www.linkedin.com/posts/mark-lutkowitz-b22abb2_fibereality-has-become-aware-of-preliminary-activity-7193232981195456512-aSMa">https://www.linkedin.com/posts/mark-lutkowitz-b22abb2_fibereality-has-become-aware-of-preliminary-activity-7193232981195456512-aSMa</a>

Contracts

FibeReality Principal Mark Lutkowitz On LinkedIn Posts "fibeReality has become aware of preliminary evidence that indicates that Applied Optoelectronics has won a second hypersclaler account with META"

Shares of Vaxxinity, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VAXX#NASDAQ">VAXX</a>) fell sharply during Monday's session after the company announced its intention to voluntarily delist and deregister its Class A common stock.
Vaxxinity shares dipped 54.8% to $0.2150 on Monday.
Here are some other stocks moving in today&#8217;s mid-day session.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Matterport, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTTR#NASDAQ">MTTR</a>) shares jumped 184% to $4.93. CoStar Group announced plans to acquire Matterport in a cash and stock transaction valued at $5.50 per share reflecting an estimated $1.6 billion value.</li>
<li>NewGenIvf Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NIVF#NASDAQ">NIVF</a>) climbed 126% to $1.67 after the company signed a non-binding term sheet for a potential reverse merger with European Wellness Investment Holdings.</li>
<li>Moolec Science SA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLEC#NASDAQ">MLEC</a>) shares climbed 88.4% to $2.5950 after the company announced that it received USDA approval for plant-grown animal proteins.</li>
<li>Tungray Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRSG#NASDAQ">TRSG</a>) gained 48.8% to $5.95 after surging around 49% on Friday. The company priced its IPO at $4 per share.</li>
<li>SuperCom Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCB#NASDAQ">SPCB</a>) shares gained 46% to $0.3212 after the company reported better-than-expected fourth-quarter results.</li>
<li>AGBA Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGBA#NASDAQ">AGBA</a>) climbed 42% to $1.7742.</li>
<li>Edible Garden AG Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EDBL#NASDAQ">EDBL</a>) jumped 39% to $5.23 after the company announced it regained compliance with the Nasdaq bid price requirement.</li>
<li>POET Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POET#NASDAQ">POET</a>) jumped 29.8% to $1.35.</li>
<li>Graphjet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GTI#NASDAQ">GTI</a>) climbed 27.6% to $8.61. Graphjet Technology&#8217;s Tham Choi Kuen, CFO, announced the decision to resign due to health reasons, effective immediately.</li>
<li>Assure Holdings Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IONM#NASDAQ">IONM</a>) rose 25% to $0.55 after dipping more than 30% on Friday.</li>
<li>Smart for Life, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) climbed 23% to $4.13.</li>
<li>Jaguar Health, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JAGX#NASDAQ">JAGX</a>) gained 23% to $0.1936.</li>
<li>WANG &amp; LEE GROUP, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) climbed 21.7% to $0.73. Wang &amp; Lee Group, last week, reported a year-over-year increase in FY23 financial results.</li>
<li>Onfolio Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ONFO#NASDAQ">ONFO</a>) climbed 20.8% to $0.52.</li>
<li>Complete Solaria, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSLR#NASDAQ">CSLR</a>) shares gained 17.4% to $0.5281 amid recent volatility in the stock. Chairman T.J. Rodgers said he converted $5 million of his CSLR debt to equity as an indication of his belief in the company.</li>
<li>NKGen Biotech, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKGN#NASDAQ">NKGN</a>) climbed 14.8% to $1.2750.</li>
<li>MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) gained 11.2% to $1,305.56 amid a rise in Bitcoin.</li>
<li>Sea Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SE#NYSE">SE</a>) gained 10.4% to $60.79 after B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $62 to $70.</li>
<li>Ingevity Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGVT#NYSE">NGVT</a>) rose 8.7% to $48.30. Jefferies analyst Daniel Rizzo upgraded Ingevity from Hold to Buy and raised the price target from $52 to $62.</li>
<li>Riot Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) rose 7.9% to $9.85 amid a rise in Bitcoin.</li>
<li>Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) gained 6.5% to $224.72 amid a rise in Bitcoin.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Hepion Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HEPA#NASDAQ">HEPA</a>) fell 40.4% to $1.2515 after the company announced that it began wind-down activities in its Phase 2b &#8220;ASCEND-NASH Trial.</li>
<li>Akso Health Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AHG#NASDAQ">AHG</a>) fell 26.2% to $0.7001.</li>
<li>Warrantee Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRNT#NASDAQ">WRNT</a>) fell 24.2% to $0.3223. Warrantee announced receipt of Nasdaq delisting determination and plan to appeal.</li>
<li>Bio-Path Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPTH#NASDAQ">BPTH</a>) fell 22.3% to $3.3350. Bio-Path recently announced closing of $1.2 million registered direct offering priced at-the-market under Nasdaq rules.</li>
<li>Inhibikase Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IKT#NASDAQ">IKT</a>) dipped 19.5% to $1.64.</li>
<li>Jin Medical International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJYL#NASDAQ">ZJYL</a>) fell 18.8% to $3.1502</li>
<li>Indonesia Energy Corporation Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/INDO#NYSE">INDO</a>) shares declined 15.4% to $4.25 after gaining 23% on Friday. Indonesia Energy, last month, filed for mixed shelf offering of up to $50 million.</li>
<li>Virgin Galactic Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NYSE">SPCE</a>) fell 14% to $0.7357. Virgin Galactic recently announced it is considering a reverse stock split with a range between 1-for-2 and 1-for-20.</li>
<li>Sunshine Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBFM#NASDAQ">SBFM</a>) shares fell 13.7% to $1.5250 after dipping 47% on Friday. Sunshine Biopharma's Nora Pharma received Health Canada approval for Niopeg.</li>
<li>Mobile-health Network Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNDR#NASDAQ">MNDR</a>) fell 11.9% to $24.01. Mobile-health Network Solutions said it sees 1H revenue of $6 million versus $3 million year over uear.</li>
<li>Connexa Sports Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YYAI#NASDAQ">YYAI</a>) fell 10.9% to $1.2515.</li>
<li>AgriFORCE Growing Systems Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGRI#NASDAQ">AGRI</a>) declined 9.7% to $0.1480 after gaining 9% on Friday. AgriForce Growing Systems was granted Australian patent number 2018215090 titled &#8220;High Fiber, High Protein, Low Carbohydrate Flour, Sweetened Liquid, Sweeteners, Cereals, And Methods For Production Thereof.&#8221;</li>
<li>Energy Fuels Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUUU#NYSE">UUUU</a>) declined 9.7% to $5.26. Energy Fuels entered into definitive scheme implementation deed with Base Resources for the acquisition of all issued shares for A$375 million.</li>
<li>Tellurian Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TELL#NASDAQ">TELL</a>) dipped 9.6% to $0.4478.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) fell 9.5% to $10.96. Applied Optoelectronics is expected to release financial results for its first quarter ended March 31, 2024 on May 9, 2024.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) fell 9.3% to $0.8023.</li>
<li>Mingteng International Corporation Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTEN#NASDAQ">MTEN</a>) fell 6.5% to $3.45 after gaining over 5% on Friday. Mingteng International, last week, priced its IPO at $4.00 per share.</li>
<li>Li Auto Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) fell 6.2% to $24.74. Shares of Chinese EV stocks traded lower after Tesla reduced vehicle prices in China.</li>
<li>Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell 3.2% to $142.24 after the company reduced vehicle prices in the US, Germany and China.</li>
</ul>
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Why Vaxxinity Shares Are Trading Lower By Around 55%? Here Are Other Stocks Moving In Monday's Mid-Day Session

U.S. stocks were lower, with the Dow Jones index falling over 50 points on Wednesday.
Shares of United Airlines Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ual#NASDAQ">UAL</a>) rose sharply during Wednesday&rsquo;s session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/04/38291030/why-united-airlines-stock-is-rising-wednesday">first-quarter financial results</a>.
Revenue of $12.539 billion topped estimates of $12.4 billion. The company posted a loss of 15 cents per share, versus expectations for a loss of 57 cents per share, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
United Airlines shares jumped 11.2% to $46.12 on Wednesday.
Here are some other big stocks recording losses in today&rsquo;s session.
<ul>
<li>Edible Garden AG Incorporated (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/edbl#NASDAQ">EDBL</a>) surged 112% to $9.73 after the company reported preliminary first quarter FY24 results.</li>
<li>The Children&#39;s Place, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/plce#NASDAQ">PLCE</a>) shares jumped 35.5% to $9.64 after the company announced it entered into a new financing agreement with Mithaq Capital.</li>
<li>Cullinan Therapeutics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cgem#NASDAQ">CGEM</a>) rose 14% to $19.75. HC Wainwright &amp; Co. analyst Edward White maintained Cullinan Oncology with a Buy and lowered the price target from $34 to $29.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/djt#NASDAQ">DJT</a>) rose 11% to $25.35.</li>
<li>ALX Oncology Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/alxo#NASDAQ">ALXO</a>) climbed 10.4% to $16.01.</li>
<li>Mesoblast Limited (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/meso#NASDAQ">MESO</a>) rose 8.5% to $5.09.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/aaoi#NASDAQ">AAOI</a>) jumped 8.4% to $13.00.</li>
<li>AMC Entertainment Holdings, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amc#NYSE">AMC</a>) surged 7.5% to $2.9250, bouncing back from the selling pressure the stock has faced in recent week.</li>
<li>AirSculpt Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/airs#NASDAQ">AIRS</a>) rose 7.2% to $5.63.</li>
<li>Zuora, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/zuo#NYSE">ZUO</a>) rose 6.4% to $9.01.</li>
<li>Interactive Brokers Group, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibkr#NASDAQ">IBKR</a>) gained 5.2% to $112.93 following upbeat quarterly earnings.</li>
</ul>
&nbsp;
Now Read This: <a href="https://www.benzinga.com/news/earnings/24/04/38293462/discover-financial-gears-up-for-q1-print-these-most-accurate-analysts-revise-forecasts-ahead-of-ear"> Discover Financial Gears Up For Q1 Print; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a>

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United Airlines Reports Upbeat Results, Joins Children's Place, Interactive Brokers And Other Big Stocks Moving Higher On Wednesday

<h3>Gainers</h3>
<ul>
<li>Akoustis Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKTS#NASDAQ">AKTS</a>) shares rose 5.0% to $0.6 during Friday's after-market session. The market value of their outstanding shares is at $59.3 million. </li>
<li>Arqit Quantum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARQQ#NASDAQ">ARQQ</a>) shares moved upwards by 4.99% to $0.52. The company's market cap stands at $85.5 million. </li>
<li>Microvision (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVIS#NASDAQ">MVIS</a>) stock moved upwards by 4.99% to $1.68. The market value of their outstanding shares is at $328.0 million. </li>
<li>NextNav (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NN#NASDAQ">NN</a>) shares moved upwards by 4.99% to $7.78. The company's market cap stands at $875.6 million. </li>
<li>Applied Optoelectronics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) stock moved upwards by 4.98% to $11.79. The market value of their outstanding shares is at $452.7 million. </li>
<li>Expensify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXFY#NASDAQ">EXFY</a>) stock moved upwards by 4.89% to $1.5. The company's market cap stands at $127.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>OMNIQ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OMQS#NASDAQ">OMQS</a>) stock decreased by 3.9% to $0.5 during Friday's after-market session. The market value of their outstanding shares is at $5.3 million. </li>
<li>One Stop Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OSS#NASDAQ">OSS</a>) shares decreased by 3.84% to $3.01. The company's market cap stands at $62.3 million. </li>
<li>My Size (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYSZ#NASDAQ">MYSZ</a>) stock decreased by 3.49% to $0.44. The market value of their outstanding shares is at $2.2 million. </li>
<li>T Stamp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IDAI#NASDAQ">IDAI</a>) stock declined by 3.09% to $0.93. The market value of their outstanding shares is at $9.8 million. </li>
<li>Argo Blockchain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARBK#NASDAQ">ARBK</a>) stock declined by 2.78% to $1.4. The market value of their outstanding shares is at $80.8 million. </li>
<li>XTI Aerospace (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XTIA#NASDAQ">XTIA</a>) shares decreased by 2.59% to $3.01. The company's market cap stands at $29.4 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Information Technology Stocks Moving In Friday's After-Market Session

Applied Optoelectronics: The Bottom Is Not Likely In

Credo Technology (CRDO) is well-positioned for long-term growth, driven by surging demand for its high-speed connectivity solutions, its focus on introducing innovative products, and strategic collaborations. However, considering its elevated valuation and enhanced volatility, should you consider adding CRDO to your portfolio? Read on to find out… As the technology industry grows rapidly, a topic that is not covered often is the creation and distribution of data. According to Statista, the global data creation is expected to exceed <a href="https://www.statista.com/statistics/871513/worldwide-data-created/">180 zettabytes</a> by 2025. The surge in data creation and consumption places immense pressure on data centers and network infrastructure to support higher data rates and larger volumes.
Valued at $5.22 billion market cap, Credo Technology Group Holding Ltd (<a href="https://stocknews.com/stock/CRDO/">CRDO</a>) provides secure, high-speed connectivity solutions that deliver improved power and cost efficiency as data rates and corresponding bandwidth requirements increase exponentially throughout the data infrastructure market. Let's explore whether investors should consider buying CRDO now.
Credo's connectivity solutions are tailored for optical and electrical Ethernet applications, such as the 100G (Gigabits per second), 200G, 400G, 800G, and emerging 1.6T (Terabits per second) port markets. The company's diverse product portfolio utilizes its proprietary Serializer/Deserializer (SerDes) and Digital Signal Processor (DSP) technologies.
CRDO's products include HiWire active electrical cables, optical digital signal processors, low-power line card PHY, SerDes chiplets and SerDes IP, integrated circuits (ICs), and active electrical cables (AECs).
For the <a href="https://investors.credosemi.com/news-releases/news-release-details/credo-technology-group-holding-ltd-reports-fourth-quarter-and-1">fourth quarter of the fiscal year 2024</a>, CRDO delivered mixed financial results. The tech services company reported revenue of $60.78 million, which failed to surpass the analyst estimates of $60.82 million. However, Credo posted a non-GAAP net income per share of $0.07, beating the analysts' expectations of $0.05.
Bill Brennan, Credo's President and Chief Executive Officer, stated, "The Company's success in fiscal 2024 was primarily driven by our customers' AI deployments. Looking forward, we anticipate accelerating demand for AI infrastructure. We believe customers will continue to choose Credo for their most complex connectivity needs, due to our customer centric focus on innovative, high-performance and energy-efficient solutions."
For the first quarter of 2025, the company expects its revenue to be between $58 million and 61 million. The company also expects its non-GAAP <a href="https://www.investopedia.com/terms/g/grossmargin.asp">gross margin</a> to be between 63% to 65%.
Shares of CRDO have gained 12.9% over the past month and 68.7% over the past six months to close the last trading session at $31.80. Also, the stock has surged 93.3% over the past year.
Let's look at factors that could influence CRDO's performance in the upcoming months.
Positive Recent Developments
On March 25, CRDO and Applied Optoelectronics, Inc. (<a href="https://stocknews.com/stock/AAOI/">AAOI</a>) announced <a href="https://www.businesswire.com/news/home/20240325102263/en/AOI-and-Credo-to-Showcase-400G-and-800G-MMF-Solutions-at-OFC-2024">the availability of two new multimode designs</a>, a 400G QSFP-DD and an 800G OSFP. Both are available as an optical fibre or a transceiver, and these designs feature industry-leading performance and lower power consumption compared to prior-generation solutions.
"With the growing number of Ethernet links in both frontend and backend AI networks, there is a clear industry need to push the envelope on performance, energy efficiency, and system cost. These new designs from AOI are a real home run for datacenter operators seeking to optimize next generation connectivity," said Chris Collins, Credo's Vice President of Sales and Optical Product Marketing.
On March 19, CRDO introduced a new family of <a href="https://investors.credosemi.com/news-releases/news-release-details/credo-introduces-hiwire-aecs-support-400g-aiml-backend-0">HiWire Active Electrical Cables</a> (AECs) targeted explicitly for 400G AI/ML Backend Network Connections to Top of Rack (TOR) Switches. Credo's cutting-edge HiWire AECs can bridge the gap by offering in-cable speed shifting to allow the use of legacy 12.8T TORs and Y cable configurations for 25 and 51Tb.
Robust Financials
For the fourth quarter that ended April 27, 2024, CRDO's total revenue increased 89.4% year-over-year to $60.78 million. Its non-GAAP operating income was $7.46 million, compared to an operating loss of $8.48 million in the prior year's quarter. Its non-GAAP net income came in at $11.81 million, compared to the net loss of $5.73 million in the previous year's quarter.
Additionally, the company's non-GAAP net income per share was $0.07, compared to a loss per share of $0.04 in the same quarter of 2023. As of April 27, 2024, CRDO's cash and cash equivalents stood at $66.94 million.
Favorable Analyst Expectations
Analysts expect CRDO's revenue for the first quarter (ending July 2024) to grow 69.4% year-over-year to $59.43 million. Its EPS for the current quarter is expected to be $0.04, compared to a loss per share of $0.03 in the prior year's quarter. Moreover, the company has topped consensus EPS estimates in all four trailing quarters.
For the fiscal year ending April 2025, Street expects CRDO's revenue and EPS to grow 61.6% and 296.7% from the prior year to $311.86 million and $0.36, respectively. In addition, the company's revenue and EPS for the fiscal year 2026 are expected to increase 50.4% and 97.9% year-over-year to $469.01 million and $0.71, respectively.
Mixed Profitability
CRDO's trailing-12-month gross profit margin of 61.89% is 26.3% higher than the 49.01% industry average. Its trailing-12-month CAPEX/Sales of 8.11% is 257.6% higher than the 2.27% industry average. However, its trailing-12-month EBITDA margin and net income margin of negative 11.67% and negative 14.70% compared to the respective industry averages of 9.94% and 3.02%.
Furthermore, the stock's trailing-12-month ROCE, ROTA, and ROTC of negative 6.39%, negative 4.95%, and negative 4.71% are unfavorably compared to the industry averages of 4.06%, 2.87%, and 1.85% respectively. Also, its trailing-12-month asset turnover ratio of 0.39x is 38% lower than the industry average of 0.62x.
Stretched Valuation
In terms of forward non-GAAP P/E, CRDO is trading at 89.08x, 261.7% higher than the industry average of 24.63x. The stock's forward EV/Sales multiple of 15.57 is 424.2% higher than the industry average of 2.97. Likewise, its forward Price/Cash Flow of 112.18x is considerably higher than the industry average of 23.91x.
Moreover, the stock's forward Price/Sales multiple of 16.84 is 472.7% higher than the industry average of 2.94. Its forward EV/EBITDA of 84.99x is 467.5% higher than the industry average of 14.98x.
POWR Ratings Reflect Uncertainty
CRDO's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, which translates to Neutral in our proprietary rating system. The POWR Ratings are calculated by taking into account 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. CRDO has a B grade for Sentiment, consistent with optimistic analyst estimates. It also has a C grade for Quality, in sync with its mixed profitability.
Also, CRDO has a D grade for Value, consistent with its higher-than-industry valuation.
Within the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry, CRDO is ranked #59 out of 79 stocks.
Beyond what I have stated above, we have also given CRDO grades for Growth, Stability, and Momentum. Get all CRDO ratings <a href="https://stocknews.com/stock/CRDO/">here</a>.
Bottom Line
CRDO reported mixed fourth-quarter 2024 results that exceeded analyst expectations for earnings but fell short on revenue. The company's long-term outlook appears promising, buoyed by expanding market demand for high-speed connectivity solutions, enhanced focus on cutting-edge technologies, and strategic partnerships driving its growth and expanding market reach.
However, given CRDO's elevated valuation and enhanced volatility (24-month beta of 2.24), waiting for a better entry point in this stock seems wise now.
How Does Credo Technology Group Holding Ltd (CRDO) Stack Up Against Its Peers?
Given its near-term uncertain prospects, the odds of CRDO outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these three A (Strong Buy) or B-rated (Buy) stocks from the <a href="https://stocknews.com/category/technology-services/">Technology - Services</a> industry:
Leidos Holdings Inc. (<a href="https://stocknews.com/stock/LDOS/">LDOS</a>)
Box, Inc. (<a href="https://stocknews.com/stock/BOX/">BOX</a>)
Dropbox, Inc. (<a href="https://stocknews.com/stock/DBX/">DBX</a>)
To explore more A or B-rated tech services stocks, <a href="https://stocknews.com/category/technology-services/">click here</a>.
What To Do Next?
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CRDO shares rose $0.10 (+0.31%) in premarket trading Tuesday. Year-to-date, CRDO has gained 63.84%, versus a 17.72% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Mangeet Kaur Bouns</h2> <img src='https:/wp-content/uploads/2022/01/Mangeet-Kaur-Bouns_Image-4.jpg' style="float:left; padding:5px;width:125px;">Mangeet's keen interest in the stock market led her to become an investment researcher and financial journalist. Using her fundamental approach to analyzing stocks, Mangeet's looks to help retail investors understand the underlying factors before making investment decisions.<a href="https://stocknews.com/authors/?author=mangeet-kaurbouns">More...</a>The post <a href=https://stocknews.com/news/crdo-ldos-dbx-box-aaoi-is-credo-technology-crdo-a-hidden-gem-in-tech-services/>Is Credo Technology (CRDO) a Hidden Gem in Tech Services?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Credo Technology (CRDO) a Hidden Gem in Tech Services?

Applied Optoelectronics affirms no material impact to operations from Hurricane Beryl

Our Micro/Small Cap AI Stocks Portfolio, with 10 constituents, continued its upward climb last week going up another 13.5% so far in July after going up 10% in June and UP 18%  in May.

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The second half of 2024 is well underway, making it the perfect time to delve into analysts' top picks. The team at Rosenblatt Securities has been ...

Rosenblatt Analysts Say These 3 Tech Stocks Are Top Picks for the Second Half of 2024

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Fundamentally, the case for innovative <a href="https://investorplace.com/industries/technology/">tech stocks</a> to buy is quite straightforward: rational societies seek to advance in knowledge and productivity. Therefore, an incentive exists for government agencies to bolster their nations&rsquo; technological ecosystems. In doing so, collective productivity may rise, leading to an increase in overall wealth.



Still, that doesn&rsquo;t answer the main question: which of the individual innovative tech stocks should investors consider? For that, I&rsquo;m going to turn to a compelling technical indicator called the J-Hook.



Structured as a <a href="https://www.tradingview.com/chart/EURNZD/AXCYoJuP-How-To-Trade-The-J-Hook-Pattern/">four-step sequence</a> featuring an initial rally followed by a suppression of the upside. In the second go-around, the bulls drive the target equity to a new high ground. From there, the stock could continue marching forward or it could enter a consolidation phase before jumping decisively northward. In a way, it&rsquo;s putting the projectile in the cannon and waiting for the fuse to be lit.



Every idea listed below printed a J-Hook, according to Barchart&rsquo;s <a href="https://www.barchart.com/stocks/stocks-screener?popularScreener=120018&amp;viewName=filter_view&amp;orderBy=industry&amp;orderDir=asc&amp;page=1">nine-step qualification algorithm</a>. That makes it very compelling that you should keep close tabs on these innovative tech stocks to buy before they go flying.



<h2>Daktronics (DAKT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/shutterstock_1926453779-300x169.png" alt="top Tech stocks to watch : Double exposure of man's hands holding and using a phone and financial graph drawing. tech stocks"><div>Source: Peshkova / Shutterstock</div></div>Falling under the electronic components industry, Daktronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/dakt-stock-quote/">DAKT</a>) specializes in display systems, particularly large-screen video displays found in sports arenas. Naturally, the company also focuses on electronic scoreboards. Along with sporting venues, Daktronics main clients include providers of transportation systems and commercial advertising. As society normalizes from the Covid-19 pandemic, the push to attract new customers could lead to big gains for DAKT stock.



Notably, Barchart&rsquo;s J-Hook screener identified Daktronics as a potential buying opportunity. What may lead to some hesitation is that DAKT has already performed swimmingly well this year. Still, there could be even more room to run. In the past four quarters, Daktronics posted an average earnings per share of 30 cents. This figure beat the collective consensus view of 16 cents.



In the trailing 12 months (TTM), the company posted EPS of 74 cents on sales of $818.08 million. Looking to year&rsquo;s end, analysts believe that EPS may get wobbly, slipping to $1.06. However, revenue may rise 3.3% to $845.16 million, with the high-side estimate calling for $850.8 million. It&rsquo;s one of the innovative tech stocks to keep on your radar.



<h2>LendingClub (LC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/01/lc-stock-300x169.png" alt="A building with the LendingClub (LC) name on it."><div>Source: Michael Vi / Shutterstock.com</div></div>Technically falling under the credit services industry, LendingClub (NYSE:<a href="https://investorplace.com/stock-quotes/lc-stock-quote/">LC</a>) ranks among a growing number of financial technology (fintech) firms. The company specializes in a peer-to-peer lending platform, which connects borrowers with investors. This business model facilitates personal loans online without having to deal with traditional financial intermediaries. It&rsquo;s a novel approach to credit services and it may catch on with Generation Z.



Earlier this week, LC stock pinged as one of the J-Hook candidates. It&rsquo;s not surprising given the recent blistering run. Still, the technical indicator suggests that LendingClub could run even higher. Financially, there could be a case for this optimism. In the past four quarters, the company posted EPS of 9 cents, easily beating the consensus view of 3 cents.



During the TTM period, LendingClub posted EPS of 34 cents on sales of $1.1 billion. By year&rsquo;s end, analysts are expecting choppy waters, with big drops anticipated in earnings and sales. However, by fiscal 2025, EPS could soar to 72 cents on revenue of $866.67 million. If so, patience could be a virtue, making LC one of the possible tech stocks to buy.



<h2>Garmin (GRMN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/grmn-stock-1-300x169.jpg" alt="Garmin company logo on a storefront"><div>Source: Karolis Kavolelis / Shutterstock.com</div></div>A specialist in the scientific and technical instruments industry, Garmin (NYSE:<a href="https://investorplace.com/stock-quotes/grmn-stock-quote/">GRMN</a>) is best known for pioneering GPS navigation and wearable tech products. Over the years, the company has expanded its portfolio to include solutions for the automotive, aviation, marine, outdoor and fitness markets. One of its key attributes is its integrated ecosystems, which combine attributes such as GPS, health monitoring and fitness tracking.



Garmin has absolutely been on the move recently, making it one of the tech stocks to buy. As with the other ideas, natural hesitation exists because GRMN has gone up so much this year. Still, if you look at the financials, that alone may assuage some of these concerns. In the past four quarters, Garmin posted an average EPS of $1.50. This handily beat the collective consensus view of $1.28.



During the TTM period, Garmin posted EPS of $7.09 on sales of $5.46 billion. For fiscal 2024, the consensus target happens to be $5.68, above last year&rsquo;s print of $5.59. On the top line, experts seek $5.86 billion in sales, an increase of 12%. These numbers seem doable given the popularity of wearable tech.



<h2>Cognex (CGNX)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/09/shutterstock_1463050370-300x169.jpg" alt="CGNX stock website homepage. Cognex Corporation logo visible on display screen."><div>Source: Pavel Kapysh / Shutterstock</div></div>Another player in the scientific and technical instruments space, Cognex (NASDAQ:<a href="https://investorplace.com/stock-quotes/cgnx-stock-quote/">CGNX</a>) provides machine vision products. These systems capture and analyze visual information for the purposes of manufacturing automation task distribution. As you can imagine, the company&rsquo;s products play a key role in logistics. Further, by utilizing artificial intelligence and deep learning, Cognex ranks as a relevant candidate for compelling tech stocks.



CGNX has been a solid performer this year. However, things really started to heat up several days ago. That might lead to fears of bag holding. However, Barchart&rsquo;s J-Hook indicator suggests that the ride to the top hasn&rsquo;t yet finished. On the financial side, the numbers are intriguing. In the past four quarters, Cognex posted an average EPS of 18 cents. This tally beat the collective consensus view of 15 cents.



In the TTM period, Cognex posted EPS of 57 cents on sales of $847.22 million. For fiscal 2024, experts are looking for EPS of 75 cents, a 2.74% bump from last year. On the top line, sales may rise 11.7% to $935.41 million. In the following year, both earnings and sales could see another significant improvement to $1.15 per share on $1.07 billion.



<h2>SkyWater Technology (SKYT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/semiconductor1600c-300x169.jpg" alt="AI. Circuit board. Technology background. Central Computer Processors CPU concept. Motherboard digital chip. Tech science background. Integrated communication processor. 3D illustration representing semiconductor stocks. Semiconductors Stocks to Sell"><div>Source: Shutterstock</div></div>Operating in the semiconductor industry, SkyWater Technology (NASDAQ:<a href="https://investorplace.com/stock-quotes/skyt-stock-quote/">SKYT</a>) operates as a pure-play technology foundry. It engages in the provision of semiconductor development, manufacturing and packaging services. With demand for the latest chips increasing across multiple industries, SkyWater could see its sales rise. As well, it can potentially help rectify concerns tied to the global semiconductor supply chain.



Unlike other tech stocks on this list, SkyWater&rsquo;s market performance this year hasn&rsquo;t been impressive. Nevertheless, SKYT stock pinged as a J-Hook candidate due to its recent rally. Financially, it&rsquo;s not unjustified. It&rsquo;s true that SkyWater isn&rsquo;t profitable. However, its loss per share in the past four quarters amounted to 7 cents. In contrast, experts anticipated 11 cents in red ink.



During the TTM period, SkyWater posted a net loss of $32.21 million. However, revenue came in at $300.22 million. Also, the latest quarterly growth rate (year-over-year) stood at 20.5%. For fiscal 2024, analysts anticipate that the top line could rise to $334.56 million. If so, that would imply a 16.7% growth rate from last year.



<h2>Applied Optoelectronics (AAOI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/06/tech-stocks-1600-300x169.png" alt="A hexagonal grid with different tech-related icons; Tech stocks illustration. Best Tech stocks. tech stocks trading at bargain prices"><div>Source: whiteMocca / Shutterstock</div></div>Conducting business in the communication equipment industry, Applied Optoelectronics (NASDAQ:<a href="https://investorplace.com/stock-quotes/aaoi-stock-quote/">AAOI</a>) designs, manufactures and sells fiber-optic networking products mainly in the U.S. It also conducts operations in Taiwan and China. Fundamentally, its mainline solutions are used in data centers and broadband access networks. Given the rise of these sectors, AAOI presents an intriguing idea for tech stocks to buy.



Financially, it must be stated that Applied carries a higher-risk profile. Like SkyWater Technology above, Applied isn&rsquo;t consistently profitable. In the past four quarters, it produced a loss per share of 13 cents. However, this came under the expert consensus view of 16 cents. Therefore, the &ldquo;earnings&rdquo; surprise hit 6.03%.



In the TTM period, the company incurred a net loss of $62.93 million. Revenue reached $205.29 million, though the trend has been declining. Still, analysts expect a recovery trek over the next two years. Sales in 2024 could hit $260.68 million, up 19.8% from 2023&rsquo;s result of $217.65 million. In 2025, revenue could soar to $437.15 million, up nearly 68%. Therefore, it&rsquo;s one of the tech stocks to watch.



<h2>Robinhood (HOOD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/robinhood-wallet-fintech-300x169.png" alt="hood stock: An image of a wallet with a coin in it, a cellphone on top depicting Robinhood logo. Robinhood crypto"><div>Source: salarko/Shutterstock</div></div>I&rsquo;ve been talking about financial technology (fintech) firm Robinhood (NASDAQ:<a href="https://investorplace.com/stock-quotes/hood-stock-quote/">HOOD</a>) lately under different angles. Mainly, the company could present a long-term opportunity. Retail investors are still interested in both the equity and cryptocurrency markets. Robinhood&rsquo;s gamified trading app resonates with young people. The platform is fun and convenient, allowing for organic wealth creation.



HOOD stock may also be relatively undervalued. Right now, shares trade hands at 1.99X trailing-year sales. It wasn&rsquo;t that long ago &ndash; the fourth quarter of last year &ndash; when HOOD averaged a price-to-sales ratio of 2.64X. in other words, the company has ample room to grow into its prior valuation. Combined with the fundamentals, that very well could happen.



Also, it&rsquo;s worth pointing out that, yes, HOOD stock pinged as a J-Hook candidate. If the implications of this technical pattern hold true, shares may be poised for significant growth. In terms of projections, analysts believe that Robinhood can post EPS of 53 cents by year&rsquo;s end. Last year, the metric sat at 61 cents below parity.



On the top line, sales could shoot northward to $2.45 billion, up 31.3%. Even though it&rsquo;s been booming, HOOD appears to be one of the tech stocks to buy now.



On the date of publication, Josh Enomoto did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. Tweet him at @EnomotoMedia.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/07/7-innovative-tech-stocks-to-buy-before-its-too-late/">7 Innovative Tech Stocks to Buy Before It&#8217;s Too Late</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

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Applied Optoelectronics

Applied Optoelectronics (AAOI) Forecast

Applied Optoelectronics (NASDAQ:AAOI) Stock, Quote.Headers.trade-ideas