Applied Optoelectronics (NASDAQ:AAOI) shares are trending on Thursday night.
$124M In Orders Since Mid-March
Shares of the manufacturer and supplier of fiber-optic networking products jumped 4.76% after hours to $108.86 on Thursday after it secured a $71 million 800G transceiver order from a major hyperscale customer, bringing total orders from that client to $124 million since mid-March.
An 800G transceiver is a high-speed optical module that supports data transmission at 800 Gbps. It is essential for artificial intelligence, cloud computing and next-generation data centers.
According to Applied Optoelectronics, this will more than double its existing backlog from that client.
Deliveries for the original $53 million order are set to begin in the second quarter and finish by the third quarter. The new $71 million order is expected to be fully delivered by the end of the year.
Thompson Lin, founder and CEO of Applied Optoelectronics, said the order reflects “the customer’s …
