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Applied Optoelectronics, Inc. (AAOI)

NASDAQ:AAOI

Summary

Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Applied Optoelectronics, Inc. To Contact The Firm

Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Applied Optoelectronics, Inc. (“Applied Optoelectronics” or the “Company”) (NASDAQ:AAOI) of the October 4, 2017 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

If you invested in Applied Optoelectronics stock or options between July 13, 2017 and August 3, 2017 and would like to discuss your legal rights, please fill out the form below.  There is no cost or obligation to you.  You can also contact us by calling Richard Gonnello toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to rgonnello@faruqilaw.com. 

The lawsuit has been filed in the U.S. District Court for the Southern District of Texas on behalf of all those who purchased common stock and/or call options or sold put options of Applied Optoelectronics between July 13, 2017 and August 3, 2017 (the “Class Period”).  The case, Abouzied v. Applied Optoelectronics, Inc. et al, No. 4:17-cv-02399 was filed on August 5, 2017.

The lawsuit focuses on whether the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) one of the Company’s major customers was reducing its purchases of Applied Optoelectronics’ 40G receivers; (2) the loss of this customer’s business would have a severe negative impact on the Company’s financial performance; and (3) as a result, the Company’s public statements were materially false and misleading.

Specifically, after market on August 3, 2017, the Company issued a press release announcing the financial results for the second quarter of 2017.  Therein, the Company stated, in part, that for the third quarter of 2017 the Company will “see softer than expected demand for our 40G solutions with one of our large customers that will offset the sequential growth and increased demand we expect in 100G.”

After this announcement, the Company’s share price fell from $97.99 per share on August 3, 2017 to a closing price of $64.60 on August 4, 2017 —a $33.39 or a 34.07% drop.

Request Information

Please tell us about yourself by completing the form and we will provide you with additional
information on how to join the Class Action at no cost to you.

  • Case:
    Applied Optoelectronics, Inc. (AAOI)
  •    

* The submission of this form does not create an attorney-client relationship.

Contact Counsel

Richard W. Gonnello
Faruqi & Faruqi, LLP
685 Third Avenue 26th Floor
New York, NY 10017
Tel: (212) 983-9330

Email:

Case Details

Date:

  • 08/07/2017

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