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Glancy Prongay & Murray LLP Announces Investigation on Behalf of Applied Optoelectronics, Inc. Investors (AAOI)

September 28, 2018

LOS ANGELES--(BUSINESS WIRE)--Sep 28, 2018--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of Applied Optoelectronics, Inc. investors (“AAOI” or the “Company”) (NASDAQ:  AAOI ) concerning the Company and its officers’ possible violations of federal securities laws.

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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 the Company’s shares fell sharply during intraday trading on September 28, 2018.

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If you purchased AAOI, have information or 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 Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

View source version on businesswire.com:https://www.businesswire.com/news/home/20180928005680/en/

CONTACT: Glancy Prongay & Murray LLP, Los Angeles/New York

Lesley Portnoy, 310-201-9150 or 888-773-9224

shareholders@glancylaw.com

www.glancylaw.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL

SOURCE: Glancy Prongay & Murray LL

Copyright Business Wire 2018.

PUB: 09/28/2018 07:01 PM/DISC: 09/28/2018 07:01 PM

http://www.businesswire.com/news/home/20180928005680/en

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