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Applied Optoelectronics reported its Q1 2021 financial results, meeting expectations. The company saw softness in the datacenter business but was encouraged by the telecom market recovery and the continued strength in its CATV business, which delivered a record first quarter.
Results were in line with expectations.
Datacenter business experienced softness.
Telecom market showed signs of recovery.
CATV business delivered a record first quarter with a strong product backlog.
For the second quarter of 2021, the company provided forward looking statements.
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