Bragar Eagel & Squire, P.C. is Investigating Applied Optoelectronics, Inc. (AAOI) on Behalf of Stockholders and Encourages AAOI Investors to Contact the Firm
NEW YORK, Oct. 01, 2018 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C. is investigating potential claims against Applied Optoelectronics, Inc. (NASDAQ: 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 Applied Optoelectronics shares and suffered a loss, 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 Brandon Walker or Melissa Fortunato by email at email@example.com, or telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
Bragar Eagel & Squire, P.C. is a New York-based law firm concentrating in commercial and securities litigation. For additional information concerning our investigation into Applied Optoelectronics please go to http://www.bespc.com/aaoi/. For additional information about Bragar Eagel & Squire, P.C., please go to www.bespc.com.