Applied Optoelectronics’ stock blasts off toward record gain on heavy volume, after upbeat earnings outlook and upgrade

Shares of Applied Optoelectronics Inc.

zoomed 65.1% higher in very active midday trading Friday, to pace all gainers listed on the Nasdaq, after the maker of optical communications products provided an upbeat outlook for the current quarter. The stock was headed for the biggest one-day gain since it went public in August 2018, and the highest close since February 2021. Trading volume soared to 22.5 million shares, compared with a full-day average of about 3.6 million shares.

zoomed 65.1% higher in very active midday trading Friday, to pace all gainers listed on the Nasdaq, after the maker of optical communications products provided an upbeat outlook for the current quarter. The stock was headed for the biggest one-day gain since it went public in August 2018, and the highest close since February 2021. Trading volume soared to 22.5 million shares, compared with a full-day average of about 3.6 million shares.

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