Applied Optoelectronics (AAOI) Moves 13.7% Higher: Will This Strength Last?

Applied Optoelectronics (AAOI) shares soared 13.7% in the last trading session to close at $15.98. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 46.2% gain over the past four weeks.Applied Optoelectronics extended its rally, driven by its robust optical networking technology portfolio which continues to strengthen its presence in the cable TV (CATV) market. Additionally, growing demand for the company’s 100G products is benefit ...