IMPORTANT APPLIED OPTOELECTRONICS, INC. ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that a securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas against Applied Optoelectronics

NEW YORK, Aug. 08, 2017 -- Wolf Haldenstein Adler Freeman & Herz LLP announces that a federal securities class action lawsuit has been filed in the United States District Court for the Southern District of Texas on behalf of all those who purchased the publicly traded common stock and/or call options or sold put options of Applied Optoelectronics, Inc. (NASDAQ:AAOI) from July 13, 2017 through August 3, 2017, inclusive (the “Class Period”).

Investors who have incurred losses in Applied Optoelectronics, Inc. are urged to contact the firm immediately at [email protected] or (800) 575-0735 or (212) 545-4774. You may obtain additional information concerning the action on our website, www.whafh.com.

If you have incurred substantial losses in Applied Optoelectronics, Inc., you may, no later than October 4, 2017, request that the Court appoint you lead plaintiff of the proposed class.

According to the filed complaint, throughout the Class Period Defendants made false and/or misleading statements and/or failed to disclose that:

• a major customer was reducing its purchases of the Company’s 40G receivers;
   
• the loss of this major customer’s business would have a severe negative impact on the Company’s financial performance; and
   
• as a result, the Company’s public statements were materially false and misleading at all relevant times.

On August 3, 2017 Applied Optoelectronics revealed that it expected its third quarter revenue to be in the $107 to $115 million range due to the loss of one if its large customers, significantly missing their previously provided projections.

Following this news, Applied Optoelectronics stock fell more than 31% during intraday trading on August 4, 2017, closing at $64.60 per share, down $33.39 per share.

Wolf Haldenstein has extensive experience in the prosecution of securities class actions and derivative litigation in state and federal trial and appellate courts across the country.  The firm has attorneys in various practice areas; and offices in New York, Chicago and San Diego.  The reputation and expertise of this firm in shareholder and other class litigation has been repeatedly recognized by the courts, which have appointed it to major positions in complex securities multi-district and consolidated litigation.

If you wish to discuss this action or have any questions regarding your rights and interests in this case, please immediately contact Wolf Haldenstein by telephone at (800) 575-0735, via e-mail at [email protected], or visit our website at www.whafh.com.

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Contact:

Wolf Haldenstein Adler Freeman & Herz LLP 
Kevin Cooper, Esq.
Gregory Stone, Director of Case and Financial Analysis
Email: [email protected], [email protected] or [email protected]
Tel: (800) 575-0735 or (212) 545-4774