Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

News Spotlights Stocks

Applied Optoelectronics soars 15% on multi-year partnership with Microsoft

post-img

Applied Optoelectronics (NASDAQ:AAOI) shares jumped as much as 15% in pre-market Thursday trading after the company said it had entered an agreement to provide Microsoft (NASDAQ:MSFT) with “certain design services and assembly services of goods.”

The agreement will last for five years and will be automatically renewed unless terminated.

“The SOW includes clauses regarding the Company’s commitment to maintain the production line dedicated to the production of Goods and the Company’s three-year warranty for the Goods,” the company said.

Applied provides fiber-optic access network products for the cable broadband, internet data center, telecom, and fiber-to-the-home (FTTH) markets.

The company announced yesterday the addition of Steve Pederson as AVP to its Broadband Access team, who spent the last 17 years at Cisco.

Shares of the company are up 120% year-to-date through Wednesday’s close

Related Post