Invest in communications

Ever since communication systems were invented, they have become an integral part of your day to day life. From the humble telegram and the basic telephone, communication methods and devices have become much more advanced, thanks to technology. Nowadays, with wireless communication being easily accessible, the world is more connected than it has ever been. Industries in this company have seen a lot of growth and prosperity as the demand keeps increasing day by day.

Investing in the communications sector can be a good choice if you want to reap the benefits of good returns. Technology sector comprises many small fragments within it, one of which is communications-related companies. These companies could be service providers, instrument manufacturers, providers of communications infrastructure materials, etc. Overall, it is a vast sector with a lot of potentials. Especially with the pandemic and everyone working from home, the importance of good communication systems is felt. In the near future, with more people getting access to phones and the internet, this sector can be profitable.

Invest in communications

Applied Optoelectronics (NASDAQ: AAOI at is a company operating in the Technology sector under the computer communications industry. It was founded in 1997 by Mr Chih Hsiang Lin and is based in Sugar Land, Texas. They serve four markets: internet data centres, cable television broadband (CATV), fibre-to-the-home (FTTH) and telecommunications. Nasdaq AAOI is engaged in design, development and manufacture of optical communications products. They manufacture products like optical devices like laser diodes, photodiodes, circuitry and other related equipment.

Before the pandemic hit us, on 11th March 2020 (according to WHO), the NASDAQ: AAOI stock was trading for $7.0301. The stock is currently trading at $13.75. This indicates that the stock has a lot of potentials and could be beneficial for your portfolio in the long run. Most analysts are suggesting investors buy the stock because the prices may further go up, as suggested by the upward trend of prices despite the pandemic’s effect on the economy. If you already have this stock in your portfolio, it is advisable to keep the stock on hold. Few analysts suggest that the stock may have a downfall of 25%, but the general consensus suggests a hold position on the stock.

Investing in stocks is always a little risky. You have to estimate your risk on the basis of technical data available online in order to judge how beneficial a stock may be for your portfolio. Always analyse a stock very well before investing your money in it, after all, it could impact your portfolio greatly. Pick stocks that suit your preference and needs. You can get more free stock quotes at stock trading app.