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Applied Opto: 40G Biz Eroding Even Before 100G, Says BWS Financial

Shares of fiber-optic component vendors Applied Optoelectronics (AAOI) just turned south a short while ago following a negative report from boutique research shop BWS Financial’s Hamed Khorsand.

(Note: Applied's CFO offered commentary later in the day rebutting some of the technical points that Khorsand raised.)

Khorsand, who has a Sell rating on Applied shares, speculates that “this part is coming to an end,” after the company pre-announced better-than-expected June-quarter results just last week.

Khorsand takes his cue from a close reading of last week’s press release, in which one single phrase stands out as more muted, from "We are pleased with our momentum,” to "We are pleased with our performance."

They have "removed any wording to suggest business continuing to remain strong,” is how he interprets that.

This change...


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