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.
DAVA
Endava plc
There isn't enough reported data to score DAVA 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.
DAVA Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Under pressure | |
| Under pressure | |
| Under pressure |
DAVA's revenue is currently stable, but its profitability, cash flow 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.
DAVA PE Valuation
DAVA 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 DAVA on the outlook, with more favorable revenue expectations.
DAVA Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect DAVA's earnings to grow and its profitability to improve, with its revenue holding steady.
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 DAVA down 2,818%.
DAVA Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q1 2026 | -$10.60 | -2818% |
| Q4 2025 | -$0.11 | -192% |
| Q3 2025 | $0.21 | +31% |
| Q2 2025 | $0.46 | +21% |
| Q1 2025 | $0.39 | -59% |
| Q4 2024 | $0.12 | -92% |
| Q3 2024 | $0.16 | -91% |
| Q2 2024 | $0.38 | -82% |
DAVA has swung to a loss: it lost $10.60 per share over the past year, after a profit 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 stronger quarterly revenue trend. Revenue is up 127% for AAOI versus down 6.4% for DAVA.
| 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.
DAVA Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2026 | $242.7M | -6.4% |
| Q4 2025 | $241.7M | -7.1% |
| Q3 2025 | $237M | -8.6% |
| Q2 2025 | $248.5M | -3.9% |
| Q1 2025 | $259.2M | +12% |
| Q4 2024 | $260.2M | +6.6% |
| Q3 2024 | $259.5M | +3.5% |
| Q2 2024 | $258.6M | +2.4% |
DAVA's revenue is shrinking: $243M last quarter, down 6.4% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q1 2026 | -3.4% | -12 points |
| Q4 2025 | -2.3% | -3.2 points |
| Q3 2025 | -1.6% | -4 points |
| Q2 2025 | 4.7% | +4 points |
| Q1 2025 | 8.4% | +9.5 points |
| Q4 2024 | 0.9% | -1.7 points |
| Q3 2024 | 2.4% | -6.2 points |
| Q2 2024 | 0.6% | -11 points |
DAVA's operating margin was −3.4% last quarter, down 12 points from the same quarter a year ago, near the bottom of its range since 2019.
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 |
DAVA has the stronger cash trend. Its trailing FCF is down 75% versus its history, compared with AAOI at down 676%.
DAVA Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q1 2026 | -$7.4M | -132% |
| Q4 2025 | $24.2M | -42% |
| Q3 2025 | $12.2M | +183% |
| Q2 2025 | -$5.4M | -$2.7M |
| Q1 2025 | $23M | +1044% |
| Q4 2024 | $42.1M | -6% |
| Q3 2024 | $4.3M | -79% |
| Q2 2024 | -$2.7M | -106% |
DAVA usually generates cash, though not every quarter: the latest was −$7M, but it generated $24M over the past year.
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.
DAVA Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.2% | -644K shares |
| 1 year | -12% | -7.2M shares |
| 3 years | -10% | -6M shares |
| 5 years | -8.7% | -5M shares |
| Available history | -5.4% | -3M shares |
DAVA has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q1 2026 | $3.4M |
| Q4 2025 | $2.4M |
| Q3 2025 | $30.5M |
| Q2 2025 | $62.5M |
| Q1 2025 | $23.7M |
| Q4 2024 | — |
| Q3 2024 | — |
| Q2 2024 | — |
DAVA spent $99M buying back its own shares over the past year, about four times what it spent the year before.
AAOI Net Leverage
AAOI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
DAVA Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q4 2025 | 3.5x | Elevated |
| Q3 2025 | 2.9x | Moderate |
| Q2 2025 | 2.0x | Moderate |
| Q1 2025 | 1.4x | Healthy |
| Q4 2024 | 1.8x | Healthy |
| Q3 2024 | 2.0x | Moderate |
| Q2 2024 | 1.8x | Healthy |
| Q1 2024 | -1.5x | Net Cash |
DAVA's net debt is about 3.5 years of its operating earnings (EBITDA), up from 1.8 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).
DAVA Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 29.2 | Oversold |
| Stochastic | 5.2 | Oversold |
DAVA's weekly RSI is 29 (oversold) and its Stochastic is 5 (oversold).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
DAVA PE vs Technology Sector
| Metric | DAVA | Sector median | Relative |
|---|---|---|---|
| PE | N/A | 28x | — |
DAVA 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 DAVA on trend strength, trading above more of its moving averages.
DAVA Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.84 | 17% below |
| 20 week MA | $2.51 | 39% below |
| 50 week MA | $3.94 | 61% below |
| 100 week MA | $10.7 | 86% below |
| 200 week MA | $29.8 | 95% below |
DAVA is in a downtrend: it's below all five of its weekly moving averages, and 95% 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 DAVA on returns for 2026, with the stronger performance.
DAVA Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $48.7 | $77.3 | +59% |
| 2021 | $77.3 | $163.1 | +111% |
| 2022 | $163.1 | $74.8 | -54% |
| 2023 | $74.8 | $77.9 | +4.1% |
| 2024 | $77.9 | $30.5 | -61% |
| 2025 | $30.5 | $6.62 | -78% |
| 2026 YTD | $6.62 | $1.52 | -77% |
DAVA's yearly returns have swung widely, from +111% in 2021 to −78% in 2025. It's down 77% so far in 2026.