Applied Optoelectronics (AAOI) Stock Looks Discounted On Its Huge Three Year Run

Applied Optoelectronics has gone through a wild few years in the market, and the swing in sentiment now puts a sharper spotlight on a simple question about its sales. After a very large multi year gain followed by a steep pullback, investors are asking whether the current share price still lines up with what the business is generating at the top line. Over the past 3 years, the stock has returned roughly 8.5x. This puts a lot of pressure on the sales base to justify how far the market has...