Applied Optoelectronics earnings dumper, pain now for gain later?

Key PointsApplied Optoelectronics manufactures optical components for data centers, telecoms and cable TV broadband operators.Applied Optoelectronics cut its Q1 2024 EPS and revenue guidance due to price cuts and the Chinese Lunar New Year, which will result in its China factory cutting production during those 15 days, but expect a substantial improvement in Q2 2024.Applied Optoelectronics contract with Microsoft for next-get AOCs ramp-up delays caused B.Riley Securities to downgrade shares to Neutral from ...