Finisar Corporation Announces Common Stock Offering

SUNNYVALE, CA--(Marketwire - March 15, 2010) -  Finisar Corporation (NASDAQ: FNSR), a technology leader for fiber optic subsystems and components for communication applications, today announced that it intends to offer, subject to market and other conditions, approximately 7,200,000 shares of its Common Stock. The Company will grant the underwriters the right to purchase up to an additional 931,093 shares of Common Stock, and certain selling stockholders will grant the underwriters the right to purchase up to an additional 148,907 shares, solely to cover over-allotments, if any. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

Morgan Stanley & Co. Incorporated and Jefferies & Company, Inc. are serving as joint book-running managers for the offering. Piper Jaffray & Co. and Morgan Keegan & Company, Inc. are acting as co-managers.

The proposed offering will be made pursuant to an automatic shelf registration statement that was filed today with the U.S. Securities and Exchange Commission and became effective immediately upon filing. A preliminary prospectus supplement relating to the offering has also been filed with the SEC, and the preliminary prospectus supplement and accompanying base prospectus are available on its website, www.sec.gov. Copies of the preliminary prospectus supplement and base prospectus may also be obtained from:

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy securities nor shall there be any offer or sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

ABOUT FINISAR

Finisar Corporation (NASDAQ: FNSR) is a global technology leader for fiber optic subsystems and components that enable high-speed voice, video and data communications for networking, storage, wireless and cable TV applications. For more than 20 years, Finisar has provided critical optics technologies to system manufacturers to meet the increasing demands for network bandwidth and storage. Finisar is headquartered in Sunnyvale, California, USA with R&D, manufacturing sites, and sales offices worldwide. For additional information, visit www.finisar.com.

Contact Information:

Contact:
Steve Workman
Sr. VP Corporate Development and Investor Relations
408-548-1000

Victoria McDonald
Senior Manager, Corporate Communications
408-542-4261
investor.relations@Finisar.com