Summary
Wall Street Analysts See a 64.05% Upside in Fabrinet (FN): Can the Stock Really Move This High?
The mean of analysts' price targets for Fabrinet (FN) points to a 64.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Fabrinet Sees AI Optical Demand Fueling Years of Growth, Expands Capacity
Fabrinet NYSE: FN executives said demand across data center interconnect, datacom, automotive and industrial markets remains strong, with the company expanding manufacturing capacity to support what Chairman and CEO Seamus Grady described as substantial multi-year growth opportunities.
Fabrinet Drops After Earnings Dragging Down Peers Like Marvell and Amphenol
Shares of Fabrinet (NYSE:FN | FN Price Prediction) are down roughly 20% at midday Tuesday, trading near $476 after the optical manufacturer posted a fiscal Q4 beat but disappointed a market already primed to sell AI infrastructure names.
Fabrinet Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 4,067 | $1.2M | $2.16M | $964,598.37 | 80.71% |
 Timothy M. Bidwell Hazlett, BURT & WATSON Inc. | 115 | $42,046.4 | $50,072.15 | $8,025.75 | 19.09% |
 Curtis Ellergodt Rothschild Investment LLC | 69 | $20,402.04 | $36,033.18 | $15,631.14 | 76.62% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 9,248 | $5.2M | $5.2M | $2,770.24 | 0.05% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 29,874 | $16.3M | $16.8M | $496,408.13 | 3.05% |
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Fabrinet Profile
| Automobile Components Industry | Consumer Discretionary Sector | Seamus Grady CEO | NYSE Exchange | G3327A102 CUSIP |
| KY Country | 21,521 Employees | - Last Dividend | - Last Split | 25 Jun 2010 IPO Date |
Overview
Fabrinet specializes in providing a broad spectrum of optical packaging and precision optical, electro-mechanical, and electronic manufacturing services across North America, the Asia-Pacific region, and Europe. The company's extensive service portfolio encompasses process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Founded in 1999 and headquartered in Grand Cayman, the Cayman Islands, Fabrinet caters to the needs of original equipment manufacturers (OEMs) in sectors such as optical communication components, modules and subsystems, industrial lasers, automotive components, medical devices, and sensors.
Products and Services
- Optical Communications Products: Includes switching products such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other components. These products enable efficient voice, video, and data communications through fiber optic cables across various wavelengths and distances.
- Tunable Lasers, Transceivers, and Transponders: These are critical for high-speed data transmission in telecommunications networks, offering versatility in wavelengths and speeds for optimized network performance.
- Active Optical Cables: Offer high-speed interconnect capabilities for data centers and computing clusters. They support Infiniband, Ethernet, fiber channel, and provide optical backplane connectivity.
- Lasers: Fabrinet produces solid state, diode-pumped, gas, and fiber lasers. These lasers find applications in semiconductor processing, biotechnology and medical device manufacturing, metrology, and material processing industries.
- Sensors: The company manufactures various sensors, including differential pressure, micro-gyro, and fuel sensors for automotive use. Additionally, it produces non-contact temperature measurement sensors for the medical industry.
- Optical and Glass Products: Design and fabrication of application-specific crystals, lenses, prisms, mirrors, laser components, and substrates. Fabrinet also offers standard and custom borosilicate, clear fused quartz, and synthetic fused silica glass products.
