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Finisar Corporation

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On April 16, 2018, Reuters 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. On this news, shares of Finisar fell $.66 per share or over 4% to close at $15.62 per share on April 16, 2018.

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