An investigation on behalf of investors of Finisar Corporation (NASDAQ: FNSR) shares over potential securities laws violations by Finisar and certain of its directors and officers in connection with certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Finisar Corporation (NASDAQ: FNSR) concerning whether a series of statements by Finisar Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Sunnvale, CA based Finisar Corporation provides optical subsystems and components for data communication and telecommunication applications in the United States, China, Malaysia, and internationally.
Finisar Corporation reported that its total Revenue rose from over $1.26 billion for the 12 months period that ended on May 1, 2016 to over $1.44 billion for the 12 months period that ended on April 30, 2017 and that its Net Income over those time periods increased from $35.19 million to $249.34 million.

On April 16, 2018, it was reported that the U.S. Department of Commerce has banned American companies, including Finisar, from selling components to Chinese telecom equipment maker ZTE Corporation for seven years after ZTE violated the terms of an agreement relating to a U.S. sanctions violation case.