AAOI
Applied Optoelectronics, Inc.
AAOI's outlook is improving, though it still trails on the overall score.
MNDY
monday.com Ltd.
MNDY 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.
MNDY Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Healthy | |
| Healthy |
MNDY'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.
MNDY PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Forward | 11x | $77.04 | — |
| Current | 33x | $77.04 | — |
| Cheap | 37x | $87.33 | +13% |
| Fair | 264x | $620 | +705% |
| Expensive | 594x | $1,395 | +1711% |
Historical ranges are pointers, not guarantees.
MNDY's PE is in its cheap range at 33x. If earnings grow as analysts expect, today's price would be 11x 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.
MNDY Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Moderate | |
| Low |
Analysts expect earnings and revenue growth for MNDY, 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.
MNDY Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.26 | +209% |
| Q2 2026 | $2.35 | +213% |
| Q1 2026 | $2.30 | +132% |
| Q4 2025 | $2.25 | +269% |
| Q3 2025 | $1.24 | +202% |
| Q2 2025 | $0.75 | -6.3% |
| Q1 2025 | $0.99 | +161% |
| Q4 2024 | $0.61 | +$0.68 |
| Q3 2024 | $0.41 | +$0.75 |
MNDY 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 MNDY 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.
MNDY Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $364.6M | +22% |
| Q1 2026 | $351.3M | +24% |
| Q4 2025 | $333.9M | +25% |
| Q3 2025 | $316.9M | +26% |
| Q2 2025 | $299M | +27% |
| Q1 2025 | $282.3M | +30% |
| Q4 2024 | $268M | +32% |
| Q3 2024 | $251M | +33% |
MNDY's revenue has grown year over year every quarter since early 2021: $365M last quarter, up 22% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 5.5% | +9.3 points |
| Q1 2026 | 5.6% | +2.1 points |
| Q4 2025 | 0.7% | -2.9 points |
| Q3 2025 | -0.8% | +10 points |
| Q2 2025 | -3.9% | -4.6 points |
| Q1 2025 | 3.5% | +5.8 points |
| Q4 2024 | 3.6% | +4.2 points |
| Q3 2024 | -11% | -9.6 points |
MNDY 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.
MNDY Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $54.4M | -9.4% |
| Q1 2026 | $101.8M | -5.3% |
| Q4 2025 | $52.2M | -28% |
| Q3 2025 | $90.2M | +9.5% |
| Q2 2025 | $60M | +18% |
| Q1 2025 | $107.5M | +20% |
| Q4 2024 | $72.7M | +30% |
| Q3 2024 | $82.4M | +27% |
MNDY 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.
MNDY Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -9% | -4.4M shares |
| 1 year | -17% | -8.8M shares |
| 3 years | -7.8% | -3.8M shares |
| 5 years | +1% | +446K shares |
| Available history | +16% | +6.2M shares |
MNDY has the edge over AAOI on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q2 2026 | $201.2M |
| Q1 2026 | $552.6M |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | — |
| Q3 2024 | — |
MNDY spent $754M buying back its own shares over the past year, after none 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.
MNDY Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -6.5x | Net Cash |
| Q1 2026 | -10.7x | Net Cash |
| Q4 2025 | -16.3x | Net Cash |
| Q3 2025 | -17.8x | Net Cash |
| Q2 2025 | -27.6x | Net Cash |
| Q1 2025 | -21.1x | Net Cash |
| Q4 2024 | -28.2x | Net Cash |
| Q3 2024 | -35.7x | Net Cash |
MNDY 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).
MNDY Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 42.9 | Neutral |
| Stochastic | 36.4 | Neutral |
MNDY's weekly RSI is 43 (neutral) and its Stochastic is 36 (neutral).
AAOI PE vs Technology Sector
AAOI has no meaningful PE right now: it lost money over the past year.
MNDY PE vs Technology Sector
| Metric | MNDY | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 28x | 18% above |
| PE % | 8 | 43 | 35 pts below |
MNDY is trading at 33x earnings, a 18% 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 the edge over MNDY on trend strength, trading above more of its moving averages.
MNDY Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $88.6 | 13% below |
| 20 week MA | $87.5 | 12% below |
| 50 week MA | $91.6 | 16% below |
| 100 week MA | $166.6 | 54% below |
| 200 week MA | $181.6 | 58% below |
MNDY is in a downtrend: it's below all five of its weekly moving averages, and 58% 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 MNDY on returns for 2026, with the stronger performance.
MNDY Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $189.3 | $304.4 | +61% |
| 2022 | $304.4 | $113.5 | -63% |
| 2023 | $113.5 | $187.8 | +65% |
| 2024 | $187.8 | $233.2 | +24% |
| 2025 | $233.2 | $145.8 | -37% |
| 2026 YTD | $145.8 | $77.0 | -47% |
MNDY is down 47% so far in 2026, after finishing higher in three of the previous five years.