Applied Optoelectronics Inc

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Case Summary
Company Name: Applied Optoelectronics Inc
Stock Symbol : NASDAQ: AAOI
Class Period Start: 07/13/2017
Class Period End: 08/03/2017
Lead Plaintiff motion: 10/04/2017
Date Filed: 08/16/2017
Type of Case: Securities Class Action
Court: U.S. District Court for the Southern District of Texas
Summary:

Thieler Law Corp advises investors with losses exceeding $100,000 of the October 4, 2017 lead plaintiff deadline in a class action lawsuit filed against Applied Optoelectronics Inc (NASDAQ: AAOI) (“Applied Optoelectronics” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of Texas and investors, who purchased Applied Optoelectronics Inc securities between July 13, 2017 and August 3, 2017, have until October 4, 2017 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Applied Optoelectronics Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that a major customer was decreasing its purchases of the Company's 40G receivers; that the loss of this major customer's business would have a severe negative impact on the Company's financial performance; and that as a result of the above, the Company's public statements were materially false and misleading at all relevant times.

On August 3, 2017, Applied Optoelectronics issued a press release entitled “Applied Optoelectronics Reports Second Quarter 2017 Results,” announcing the final financial results for the second quarter of 2017 ending June 30, 2017.  The Company advised investors, in relevant part, that “as we look into the third quarter, we 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.”

Following this news, NASDAQ: AAOI fell by $33.39 per share, or more than 34%, from its previous closing price to close at $64.60 per share on August 4, 2017.

If you were negatively impacted by your investment in Applied Optoelectronics Inc securities between July 13, 2017 and August 3, 2017 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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