Applied Optoelectronics (AAOI) Stock May Be Below Fair Value After Equity Offering

Applied Optoelectronics has become one of the more eye catching stories in optical components, with the share price moving sharply over recent years and fresh equity raised to fund expansion. With that backdrop, investors are left asking whether the current market value of the stock is supported by its sales base. Over the past 5 years, the share price has climbed about 13x, which places a strong focus on whether the revenue line can justify such a large re-rating. The recent completion of a...