5 Stocks With Easy Double-Digit Gains

In this article, we deep dive into the 5 Stocks Racking Up Monster Gains. For a deeper discussion and an extended list, please see 10 Stocks With Easy Double-Digit Gains.

The New York Stock Exchange building. Photo by Дмитрий Трепольский on Pexels

5. Applied Optoelectronics Inc. (NASDAQ:AAOI)

Applied Optoelectronics notched a fresh all-time high on Wednesday following a three-day winning streak, after clinching a new partnership with Mediacom for the supply of three products in support of the latter’s aim to upgrade its network.

In intra-day trading, the stock climbed to its highest price of $233.67 before paring gains to end the session just up by 18.49 percent at $223.10 apiece.

In a press release, Applied Optoelectronics Inc. (NASDAQ:AAOI) said that it would supply Mediacom with three products from its broadband networking portfolio, including the QuantumLink Remote Management and Monitoring Software, the Quantum18 MB 1.8GHz Amplifier, and the Quantum18 BLE 1.8GHz Line Extender, in line with the latter’s plans to boost its download and upload speeds for its 1 million household customers by the end of the year.

The expansion initiative is targeted to be accomplished through a distributed access architecture (DAA) with DOCSIS 4.0 technology, fiber expansion, and a whole-home Wi-Fi solution powered by eero 7 technology.

Applied Optoelectronics Inc. (NASDAQ:AAOI) said that its exclusive distribution partner, Digicomm International, has begun logistics services from its stocking distribution center in Englewood, Colorado, effective immediately.

“Mediacom is on the fast track to prove what the power of DOCSIS 4.0 can do to transform the future of broadband,” said Todd McCrum, Senior Vice President and General Manager for Applied Optoelectronics Inc.’s (NASDAQ:AAOI) Broadband Access Business.

“Together, we are establishing a new model for building edge-led architecture that can scale to deliver gigabit speeds for a fiber-like performance over existing coax, giving Mediacom subscribers the internet experience they want today, without waiting for full fiber rollouts,” he noted.