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NYSE:FN

Fabrinet (FN) Stock Price, News & Analysis

$246.07
+3.68 (+1.52%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$240.08
$247.72
50-Day Range
$162.32
$246.11
52-Week Range
$97.82
$248.00
Volume
400,200 shs
Average Volume
463,680 shs
Market Capitalization
$8.90 billion
P/E Ratio
32.68
Dividend Yield
N/A
Price Target
$161.00

Fabrinet MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
34.6% Downside
$161.00 Price Target
Short Interest
Healthy
4.02% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.84mentions of Fabrinet in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth
8.43%
From $7.95 to $8.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.73 out of 5 stars

Computer And Technology Sector

336th out of 595 stocks

Telephone & Telegraph Apparatus Industry

4th out of 11 stocks

FN stock logo

About Fabrinet Stock (NYSE:FN)

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, and Europe. The company offers a range of advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths, speeds, and over various distances. The company's products also comprise tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides solid state, diode-pumped, gas, and fiber lasers used in semiconductor processing, biotechnology and medical device, metrology, and material processing industries; and differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in Grand Cayman, the Cayman Islands.

FN Stock Price History

FN Stock News Headlines

Fabrinet: An AI Play In The Making
7 Cheap Russell 2000 Stocks to Buy Now: May 2024
Returns At Fabrinet (NYSE:FN) Are On The Way Up
Why Is Fabrinet (FN) Stock Down Today?
FN May 2024 290.000 call
The Analyst Verdict: Fabrinet In The Eyes Of 5 Experts
Positive Report for Fabrinet (FN) from Northland Securities
FN Oct 2024 130.000 put
See More Headlines
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Company Calendar

Last Earnings
10/31/2021
Today
5/27/2024
Fiscal Year End
6/30/2024
Next Earnings (Estimated)
8/19/2024

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Electronic Manufacturing Services
CUSIP
G3323L10
Fax
N/A
Employees
14,663
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$161.00
High Stock Price Target
$230.00
Low Stock Price Target
$28.00
Potential Upside/Downside
-34.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
8 Analysts

Profitability

Net Income
$247.91 million
Pretax Margin
10.53%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$8.23 per share
Book Value
$45.93 per share

Miscellaneous

Free Float
35,961,000
Market Cap
$8.90 billion
Optionable
Optionable
Beta
1.04
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FN Stock Analysis - Frequently Asked Questions

Should I buy or sell Fabrinet stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" FN shares.
View FN analyst ratings
or view top-rated stocks.

What is Fabrinet's stock price target for 2024?

8 brokerages have issued 12-month target prices for Fabrinet's shares. Their FN share price targets range from $28.00 to $230.00. On average, they anticipate the company's share price to reach $161.00 in the next twelve months. This suggests that the stock has a possible downside of 34.6%.
View analysts price targets for FN
or view top-rated stocks among Wall Street analysts.

How have FN shares performed in 2024?

Fabrinet's stock was trading at $190.33 at the beginning of 2024. Since then, FN stock has increased by 29.3% and is now trading at $246.07.
View the best growth stocks for 2024 here
.

Are investors shorting Fabrinet?

Fabrinet saw a decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,450,000 shares, a decrease of 6.5% from the April 15th total of 1,550,000 shares. Based on an average daily trading volume, of 482,400 shares, the short-interest ratio is presently 3.0 days. Approximately 4.0% of the company's shares are short sold.
View Fabrinet's Short Interest
.

When is Fabrinet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 19th 2024.
View our FN earnings forecast
.

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) released its quarterly earnings results on Monday, May, 6th. The technology company reported $2.21 EPS for the quarter, beating analysts' consensus estimates of $1.93 by $0.28. The technology company earned $731.54 million during the quarter, compared to analysts' expectations of $718.94 million. Fabrinet had a trailing twelve-month return on equity of 17.67% and a net margin of 9.90%.

What guidance has Fabrinet issued on next quarter's earnings?

Fabrinet updated its fourth quarter 2024 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of 2.200-2.270 for the period, compared to the consensus estimate of 2.170. The company issued revenue guidance of $720.0 million-$740.0 million, compared to the consensus revenue estimate of $736.5 million.

What is Tom Mitchell's approval rating as Fabrinet's CEO?

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

What other stocks do shareholders of Fabrinet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fabrinet investors own include NVIDIA (NVDA), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), Onsemi (ON), Baidu (BIDU) and Block (SQ).

Who are Fabrinet's major shareholders?

Fabrinet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.98%), Wasatch Advisors LP (2.93%), Whale Rock Capital Management LLC (1.72%), Congress Asset Management Co. MA (1.44%), Baillie Gifford & Co. (1.44%) and Price T Rowe Associates Inc. MD (1.26%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady and Thomas F Kelly.
View institutional ownership trends
.

How do I buy shares of Fabrinet?

Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:FN) was last updated on 5/27/2024 by MarketBeat.com Staff

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