Fabrinet Stock Dips 5% in 3 Months: What Should Investors Do?
FN thrives on strong Optical Communications and Automotive growth. Yet, FX losses and stiff competition pose challenges.
Why Fabrinet Stock Sank Today
Nvidia-related news had Fabrinet investors feeling more bearish today.
Fabrinet just downgraded at B. Riley, here's why
Fabrinet +16.455 (+7.08%) Nvidia +6.74 (+4.81%)
Fabrinet initiated with an Equal Weight at Barclays
Barclays initiated coverage of Fabrinet (FN) with an Equal Weight rating and $292 price target. The firm believes upside is "baked in at the current premium valuation." While Barclays appreciates Fabrinet's "strong positioning" with Nvidia (NVDA) optical transceivers, it says the timing and magnitude uncertainty on 1.6T ramp could be a concern for shares. It sees a balanced risk/reward at current Fabrinet share levels.
Fabrinet (FN) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
While the top- and bottom-line numbers for Fabrinet (FN) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Fabrinet (FN) Meets Q1 Earnings Estimates
Fabrinet (FN) came out with quarterly earnings of $2.39 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $2 per share a year ago.
Fabrinet (FN) Q1 2025 Earnings Call Transcript
Fabrinet (NYSE:FN ) Q1 2025 Earnings Conference Call November 4, 2024 5:00 PM ET Company Participants Garo Toomajanian - VP, IR Seamus Grady - CEO Csaba Sverha - CFO Conference Call Participants Karl Ackerman - BNP Paribas Tim Savageaux - Northland Capital Markets Samik Chatterjee - JPMorgan George Notter - Jefferies Ryan Koontz - Needham Michael Genovese - Rosenblatt Securities Operator Good afternoon. Welcome to the Fabrinet Financial Results Conference Call for the First Quarter of Fiscal Year 2025.
Fabrinet: Ideal Way To Play 2025 AI Trend
Fabrinet, supported by Nvidia, offers a low-risk investment in datacenter and optical communication manufacturing, now attractively priced at $233 amid solid revenue growth. Fiscal Q4 saw record revenue of $753.3 million, driven by AI applications and Nvidia's production ramp-up, with 34% EPS growth. The company has no debt, a $200 million buyback program, and $858 million in net cash, providing flexibility for future investments.
3 Reasons Why Growth Investors Shouldn't Overlook Fabrinet (FN)
Fabrinet (FN) possesses solid growth attributes, which could help it handily outperform the market.
Wall Street Analysts Think Fabrinet (FN) Could Surge 25.83%: Read This Before Placing a Bet
The consensus price target hints at a 25.8% upside potential for Fabrinet (FN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Fabrinet (FN) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
Fabrinet (FN) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Best Momentum Stock to Buy for August 26th
SUPV, FN and QFIN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on August 26, 2024.
