AAOI
Applied Optoelectronics, Inc.
AAOI's outlook is improving, though it still trails on the overall score.
ALLT
Allot Ltd.
ALLT has the edge over AAOI overall, supported by lower modeled downside and stronger fundamentals.
AAOI Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Weak | |
| Unavailable |
AAOI's revenue is currently strong, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
ALLT Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
ALLT's revenue, profitability, cash flow and balance sheet are all currently healthy.
AAOI PE Valuation
AAOI has no meaningful PE right now: it lost money over the past year. If it returns to profit as analysts expect, today's price would be 18x next year's earnings.
ALLT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 21x | $7.78 | — |
| Current | 36x | $7.78 | — |
| Cheap | 60x | $12.64 | +62% |
| Fair | 69x | $14.51 | +86% |
| Expensive | 455x | $95.61 | +1129% |
Historical ranges are pointers, not guarantees.
ALLT's PE is in its cheap range at 36x. If earnings grow as analysts expect, today's price would be 21x next year's earnings.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect AAOI to return to profit, with revenue growing. However, they disagree widely on these estimates.
ALLT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| Low |
Analysts expect earnings and revenue growth for ALLT, with profitability improving. However, they disagree widely on these estimates.
AAOI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.98 | — |
| Q3 2026 | -$0.42 | +$3.02 |
| Q2 2026 | -$0.77 | +$2.81 |
| Q1 2026 | -$0.65 | +$3.43 |
| Q4 2025 | -$0.64 | +$3.86 |
| Q3 2025 | -$3.44 | -$1.41 |
| Q2 2025 | -$3.58 | -$1.70 |
| Q1 2025 | -$4.08 | -$2.29 |
| Q4 2024 | -$4.50 | -$2.75 |
AAOI is still losing money, but far less than before: $0.42 per share over the past year, against $4.50 at its worst in late 2024.
ALLT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $0.37 | +77% |
| Q2 2026 | $0.21 | +$0.26 |
| Q1 2026 | $0.12 | +$0.22 |
| Q4 2025 | $0.07 | +$0.22 |
| Q3 2025 | $0.02 | +$0.66 |
| Q2 2025 | -$0.05 | +$0.90 |
| Q1 2025 | -$0.10 | +$1.32 |
| Q4 2024 | -$0.15 | +$1.50 |
| Q3 2024 | -$0.64 | +$0.71 |
ALLT has the edge over AAOI on earnings quality, reporting a profit while its opponent remains loss making.
AAOI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $269.9M | +127% |
| Q2 2026 | $191.9M | +86% |
| Q1 2026 | $151.1M | +51% |
| Q4 2025 | $134.3M | +34% |
| Q3 2025 | $118.6M | +82% |
| Q2 2025 | $103M | +138% |
| Q1 2025 | $99.9M | +146% |
| Q4 2024 | $100.3M | +66% |
AAOI has the edge over ALLT on sales, with stronger typical year-over-year growth.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -0.5% | +15 points |
| Q2 2026 | -13% | +2.6 points |
| Q1 2026 | -8.6% | +0.3 points |
| Q4 2025 | -8.6% | -2.1 points |
| Q3 2025 | -15% | +10 points |
| Q2 2025 | -16% | +45 points |
| Q1 2025 | -8.9% | +44 points |
| Q4 2024 | -6.5% | +1 points |
AAOI's operating margin was −0.5% last quarter, up 15 points from the same quarter a year ago, near the top of its range since 2019.
ALLT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $27.7M | +15% |
| Q1 2026 | $26.4M | +14% |
| Q4 2025 | $28.4M | +14% |
| Q3 2025 | $26.4M | +14% |
| Q2 2025 | $24.1M | +8.5% |
| Q1 2025 | $23.2M | +5.8% |
| Q4 2024 | $24.9M | +2.3% |
| Q3 2024 | $23.2M | +2.7% |
ALLT's revenue has grown year over year for eight quarters in a row: $28M last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 4% | +5.7 points |
| Q1 2026 | 5.8% | +8.8 points |
| Q4 2025 | 9.1% | +7.8 points |
| Q3 2025 | 8.1% | +9.1 points |
| Q2 2025 | -1.7% | +14 points |
| Q1 2025 | -3.1% | +9.5 points |
| Q4 2024 | 1.3% | +79 points |
| Q3 2024 | -0.9% | +55 points |
ALLT has the edge over AAOI on profitability, with a higher operating margin.
AAOI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$369.9M | -$291.2M |
| Q2 2026 | -$265.3M | -$174.4M |
| Q1 2026 | -$143.6M | -$64.3M |
| Q4 2025 | -$104.6M | -$51.6M |
| Q3 2025 | -$78.7M | -$58M |
| Q2 2025 | -$91M | -$86M |
| Q1 2025 | -$79.3M | -$45.1M |
| Q4 2024 | -$53M | -$48.4M |
AAOI has burned cash in almost every quarter: −$883M over the past year, against −$302M the year before.
ALLT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $8.2M | +106% |
| Q1 2026 | $10.2M | +626% |
| Q4 2025 | $6.6M | +82% |
| Q3 2025 | $3.9M | +147% |
| Q2 2025 | $4M | +1732% |
| Q1 2025 | $1.4M | +$4.1M |
| Q4 2024 | $3.6M | +$9.4M |
| Q3 2024 | $1.6M | +$7.3M |
ALLT has the edge over AAOI on cash generation, producing positive trailing cash flow while its opponent burns cash.
AAOI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +7.7% | +6.3M shares |
| 1 year | +39% | +24.5M shares |
| 3 years | +168% | +55.1M shares |
| 5 years | +224% | +60.7M shares |
| Available history | +340% | +67.9M shares |
AAOI has 88M diluted shares, up 39% from a year ago.
ALLT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.1% | -60.8K shares |
| 1 year | +24% | +9.7M shares |
| 3 years | +32% | +12.1M shares |
| 5 years | +39% | +13.9M shares |
| Available history | +45% | +15.5M shares |
ALLT has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
| Q1 2024 | — |
ALLT hasn't bought back shares in the past year.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
ALLT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -0.5x | Net Cash |
| Q1 2026 | -0.9x | Net Cash |
| Q4 2025 | -1.2x | Net Cash |
| Q3 2025 | -2.2x | Net Cash |
| Q4 2024 | 13.9x | High |
| Q1 2020 | -41.6x | Net Cash |
ALLT has more cash than debt.
AAOI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 35.1 | Neutral |
| Stochastic | 4.8 | Oversold |
AAOI's weekly RSI is 35 (neutral) and its Stochastic is 5 (oversold).
ALLT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 46.0 | Neutral |
| Stochastic | 51.2 | Neutral |
ALLT's weekly RSI is 46 (neutral) and its Stochastic is 51 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
ALLT PE vs Technology Sector
| Metric | ALLT | Sector median | Relative |
|---|---|---|---|
| PE | 36x | 28x | 31% above |
| PE % | 0 | 35 | 35 pts below |
ALLT is trading at 36x earnings, a 31% premium to the Technology sector's median of 28x.
AAOI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $80.2 | 34% below |
| 20 week MA | $100.6 | 47% below |
| 50 week MA | $100.3 | 47% below |
| 100 week MA | $62.3 | 15% below |
| 200 week MA | $36.9 | 43% above |
AAOI has fallen below most of its moving averages, though it's still 43% above its 200-week average.
ALLT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $8.56 | 9.1% below |
| 20 week MA | $8.14 | 4.4% below |
| 50 week MA | $8.21 | 5.2% below |
| 100 week MA | $8.01 | 2.9% below |
| 200 week MA | $5.31 | 47% above |
ALLT has fallen below most of its moving averages, though it's still 47% above its 200-week average.
AAOI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $11.5 | $8.77 | -24% |
| 2021 | $8.77 | $5.64 | -36% |
| 2022 | $5.64 | $1.95 | -65% |
| 2023 | $1.95 | $19.3 | +891% |
| 2024 | $19.3 | $37.7 | +95% |
| 2025 | $37.7 | $37.2 | -1.5% |
| 2026 YTD | $37.2 | $52.9 | +42% |
AAOI has the edge over ALLT on returns for 2026, with the stronger performance.
ALLT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $8.36 | $11.2 | +34% |
| 2021 | $11.2 | $12.1 | +8.3% |
| 2022 | $12.1 | $3.21 | -74% |
| 2023 | $3.21 | $1.65 | -49% |
| 2024 | $1.65 | $5.92 | +259% |
| 2025 | $5.92 | $9.27 | +57% |
| 2026 YTD | $9.27 | $7.78 | -16% |
ALLT's yearly returns have swung widely, from +259% in 2024 to −74% in 2022. It's down 16% so far in 2026.