Cases
Applied Optoelectronics, Inc. (AAOI)
Securities Class Action
Overview
Overview
- Date:
- 10/1/2018
- Company Name:
- Applied Optoelectronics, Inc.
- Stock Symbol:
- AAOI
- Status:
- Closed/Complete
NEW YORK, October 1, 2018 – Bragar Eagel & Squire, P.C. is investigating potential claims against Applied Optoelectronics, Inc. (NYSE: AAOI). Our investigation concerns whether Applied Optoelectronics has violated the federal securities laws and/or engaged in other unlawful business practices.
On September 28, 2018, the Company reduced its revenue forecast, citing issues with a customer order, stating “we identified an issue with a small percentage of 25G lasers within a specific customer environment. Consistent with AOI’s commitment to supreme product quality and customer support, we mutually agreed with the customer to temporarily suspend shipments of certain transceivers utilizing these lasers while we worked to gain a deeper understanding of the scope of the issue and implement a solution.”
On this news, shares of Applied Optoelectronics fell over 26.5%, closing at $24.66 on September 28, 2018.
If you purchased or otherwise acquired AAOI shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.
On September 28, 2018, the Company reduced its revenue forecast, citing issues with a customer order, stating “we identified an issue with a small percentage of 25G lasers within a specific customer environment. Consistent with AOI’s commitment to supreme product quality and customer support, we mutually agreed with the customer to temporarily suspend shipments of certain transceivers utilizing these lasers while we worked to gain a deeper understanding of the scope of the issue and implement a solution.”
On this news, shares of Applied Optoelectronics fell over 26.5%, closing at $24.66 on September 28, 2018.
If you purchased or otherwise acquired AAOI shares, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Melissa Fortunato by email at investigations@bespc.com, or telephone at (212) 355-4648, or by filling out the contact form below. There is no cost or obligation to you.