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Technology Stocks : Optical Networks and Components, DWDM and Tunable Lasers

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From: JakeStraw	2/22/2018 10:31:32 AM
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Applied Optoelectronics Reports Fourth Quarter and Year 2017 Results markets.siliconinvestor.com “We achieved revenue in the fourth quarter of $79.9 million, which was slightly below our expectations due to lower demand from our datacenter customers as they continue to evolve their network architectures. While our revenue came in slightly below expectations, I am pleased with our ability to continue to generate strong gross margin even in a price sensitive market,” said Dr. Thompson Lin, Applied Optoelectronics Inc. founder and CEO. “Even though we see inventory headwinds with one of our customers and the typical seasonality in Q1 due to fewer production days in China because of the Lunar New Year, we continue to expect the second half of 2018 to be stronger than the first half. We believe we have a strong leadership position in advanced optics, and this belief is bolstered by a large purchase commitment that we disclosed earlier today.”

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