AAOI
Applied Optoelectronics, Inc.
AAOI lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve, though they disagree widely on how much.
CMTL
Comtech Telecommunications Corp.
There isn't enough reported data to score CMTL yet.
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.
CMTL Fundamentals
| Metric | Status |
|---|---|
| Weak | |
| Under pressure | |
| Healthy | |
| Weak |
CMTL's cash flow is currently healthy, but its revenue, profitability and balance sheet are under pressure.
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.
CMTL PE Valuation
CMTL has no meaningful PE right now: it lost money over the past year.
AAOI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Returning to profit | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| Low |
AAOI has the edge over CMTL on the outlook, with more favorable revenue and profitability expectations.
CMTL Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong decline | |
| Stable | |
| Limited | |
| High |
Analysts expect CMTL's losses to shrink, with revenue declining.
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 has the stronger earnings trend. Trailing diluted EPS is down 112% for AAOI versus CMTL down 811%.
CMTL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q2 2025 | -$10.02 | -$8.61 |
| Q1 2025 | -$9.57 | -$7.87 |
| Q4 2024 | -$9.88 | -$9.02 |
| Q3 2024 | -$4.70 | -$3.49 |
| Q2 2024 | -$1.41 | -$0.14 |
| Q1 2024 | -$1.70 | -$0.70 |
| Q4 2023 | -$0.86 | +$0.80 |
| Q3 2023 | -$1.21 | +$0.42 |
CMTL lost $10.02 per share over the past year, a bigger loss than the year before.
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 CMTL on sales, with more consistent year-over-year improvement.
| 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.
CMTL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $106M | -16% |
| Q1 2026 | $106.8M | -16% |
| Q4 2025 | $111M | -4.1% |
| Q3 2025 | $130.4M | +3.3% |
| Q2 2025 | $126.8M | -1% |
| Q1 2025 | $126.6M | -5.7% |
| Q4 2024 | $115.8M | -24% |
| Q3 2024 | $126.2M | -15% |
CMTL's revenue has slid since its 2019 peak: −$74M last quarter, down 157% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | -3% | -1.7 points |
| Q1 2026 | -1.2% | +6.9 points |
| Q4 2025 | -2.5% | +109 points |
| Q3 2025 | 1.4% | +66 points |
| Q2 2025 | -1.2% | +1.5 points |
| Q1 2025 | -8.1% | -10 points |
| Q4 2024 | -112% | -113 points |
| Q3 2024 | -65% | -65 points |
CMTL's operating margin was −3% last quarter, down 1.7 points from the same quarter a year ago.
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.
CMTL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $15.1M | +60% |
| Q2 2026 | $673K | +$833K |
| Q1 2026 | $442K | +$2.3M |
| Q4 2025 | $4.8M | +$29M |
| Q3 2025 | $9.4M | +$23.1M |
| Q2 2025 | -$160K | +$6.3M |
| Q1 2025 | -$1.9M | +$29M |
| Q4 2024 | -$24.2M | -$6.5M |
CMTL 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.
CMTL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.1% | +21K shares |
| 1 year | +1.5% | +446K shares |
| 3 years | +6.3% | +1.8M shares |
| 5 years | +14% | +3.6M shares |
| Available history | +21% | +5.1M shares |
CMTL has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
CMTL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 6.6x | High |
| Q2 2026 | 3.0x | Moderate |
| Q1 2026 | 2.8x | Moderate |
| Q4 2025 | 4.0x | Elevated |
| Q2 2024 | 3.7x | Elevated |
| Q1 2024 | 3.7x | Elevated |
| Q4 2023 | 5.4x | High |
| Q3 2023 | 7.8x | High |
CMTL's net debt is about 6.5 years of its operating earnings (EBITDA), up from 3.7 years a year ago.
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).
CMTL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 34.4 | Neutral |
| Stochastic | 11.1 | Oversold |
CMTL's weekly RSI is 34 (neutral) and its Stochastic is 11 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
CMTL PE vs Technology Sector
| Metric | CMTL | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
CMTL has no meaningful PE right now: it lost money over the past year.
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 the edge over CMTL on trend strength, trading above more of its moving averages.
CMTL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.27 | 4.7% below |
| 20 week MA | $1.53 | 21% below |
| 50 week MA | $3.26 | 63% below |
| 100 week MA | $2.82 | 57% below |
| 200 week MA | $5.14 | 76% below |
CMTL is in a downtrend: it's below all five of its weekly moving averages, and 76% below 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 CMTL on returns for 2026, with the stronger performance.
CMTL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $35.6 | $20.7 | -42% |
| 2021 | $20.7 | $24.2 | +17% |
| 2022 | $24.2 | $12.0 | -50% |
| 2023 | $12.0 | $8.43 | -30% |
| 2024 | $8.43 | $4.14 | -51% |
| 2025 | $4.14 | $4.73 | +14% |
| 2026 YTD | $4.73 | $1.21 | -74% |
CMTL has finished lower in four of the last six years. It's down 74% so far in 2026.