On October 8, Applied Optoelectronics fell 5.13% in pre-market trading, trading at $116.5/share, with Turnover of $17.3092 million.

The decline reflects broad-based pressure on optical communications stocks as rising long-end US Treasury yields and heightened geopolitical concerns over the Middle East dampened risk appetite. Applied Optoelectronics, Coherent, and Ciena all fell over 3%, while Corning and Lumentum fell over 2%. Applied Optoelectronics is a leading supplier of fiber-optic networking products, serving cable television, fiber-to-the-home, and data center end markets.

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