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NYSE:FN

Fabrinet (FN) Stock Forecast, Price & News

$167.88
+8.96 (+5.64%)
(As of 09/28/2023 ET)
Compare
Today's Range
$158.42
$169.27
50-Day Range
$116.23
$163.02
52-Week Range
$90.19
$169.29
Volume
856,948 shs
Average Volume
320,393 shs
Market Capitalization
$6.08 billion
P/E Ratio
24.98
Dividend Yield
N/A
Price Target
$125.13

Fabrinet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.71 Rating Score
Upside/​Downside
25.5% Downside
$125.13 Price Target
Short Interest
Healthy
1.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.15mentions of Fabrinet in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$9.17 M Sold Last Quarter
Proj. Earnings Growth
13.95%
From $7.17 to $8.17 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

Computer And Technology Sector

438th out of 603 stocks

Telephone & Telegraph Apparatus Industry

9th out of 11 stocks


FN stock logo

About Fabrinet (NYSE:FN) Stock

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 Price History

FN Stock News Headlines

5 Cheap Ways to Ride The AI Supercycle to Profits (FN)
The 4th Industrial Revolution gained momentum with the advance of AI, and these stocks are poised to benefit over the long term
Analysts Set Fabrinet (NYSE:FN) PT at $125.13
A Bio-Tech Stock That Has Been Growing Like Crazy!
Recent News for This One Bio-Tech Has Us All Getting Excited. Sign Up today And Learn More
What Made Fabrinet (FN) Outperform in Q2?
Massive Insider Trade At Fabrinet
The Latest Analyst Ratings for Fabrinet
A Bio-Tech Stock That Has Been Growing Like Crazy!
Recent News for This One Bio-Tech Has Us All Getting Excited. Sign Up today And Learn More
Why Fabrinet Stock Is Skyrocketing Today
Fabrinet Analysts Increase Their Forecasts After Upbeat Q4 Results
Fabrinet (NYSE:FN) Q4 2023 Earnings Call Transcript
Why Fabrinet Stock Looks Fabulous Today
Fabrinet stock surges as AI products drive revenue growth
Fabrinet shares jump 17% following Q4 beat
Why Fabrinet Stock Popped After-Hours
See More Headlines
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FN Company Calendar

Last Earnings
8/21/2023
Today
9/28/2023
Next Earnings (Estimated)
11/06/2023
Fiscal Year End
6/30/2024

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 Forecast
$125.13
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$28.00
Forecasted Upside/Downside
-24.9%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.71
Research Coverage
7 Analysts

Profitability

Net Income
$247.91 million
Pretax Margin
9.83%

Debt

Sales & Book Value

Annual Sales
$2.65 billion
Cash Flow
$8.92 per share
Book Value
$40.46 per share

Miscellaneous

Free Float
36,010,000
Market Cap
$6.03 billion
Optionable
Optionable
Beta
1.07
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Key Executives

  • Mr. David Tom MitchellMr. David Tom Mitchell (Age 81)
    Founder & Chairman
    Comp: $265k
  • Mr. Seamus  GradyMr. Seamus Grady (Age 56)
    CEO & Director
    Comp: $2.74M
  • Dr. Harpal S. Gill (Age 70)
    Pres & COO
    Comp: $3.12M
  • Mr. Csaba Sverha (Age 44)
    Exec. VP & CFO
    Comp: $1.3M
  • Mr. Edward T. ArcherMr. Edward T. Archer (Age 60)
    Exec. VP of Sales & Marketing
    Comp: $977.54k
  • Mr. Colin R. Campbell
    VP & Gen. Counsel













FN Stock - Frequently Asked Questions

Should I buy or sell Fabrinet stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 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 forecast for 2023?

7 analysts have issued twelve-month price objectives for Fabrinet's shares. Their FN share price forecasts range from $28.00 to $200.00. On average, they expect the company's stock price to reach $125.13 in the next twelve months. This suggests that the stock has a possible downside of 24.9%.
View analysts price targets for FN
or view top-rated stocks among Wall Street analysts.

How have FN shares performed in 2023?

Fabrinet's stock was trading at $128.22 at the beginning of the year. Since then, FN shares have increased by 30.0% and is now trading at $166.70.
View the best growth stocks for 2023 here
.

Are investors shorting Fabrinet?

Fabrinet saw a increase in short interest in September. As of September 15th, there was short interest totaling 652,600 shares, an increase of 14.7% from the August 31st total of 569,000 shares. Based on an average daily volume of 316,000 shares, the short-interest ratio is currently 2.1 days. Approximately 1.8% of the company's stock are sold short.
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, November 6th 2023.
View our FN earnings forecast
.

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) posted its quarterly earnings results on Monday, August, 21st. The technology company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.80 by $0.06. The technology company had revenue of $655.87 million for the quarter, compared to analysts' expectations of $641.42 million. Fabrinet had a trailing twelve-month return on equity of 18.23% and a net margin of 9.37%. The company's revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 EPS.

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

Fabrinet issued an update on its first quarter 2024 earnings guidance on Tuesday, August, 22nd. The company provided EPS guidance of $1.83-$1.90 for the period, compared to the consensus estimate of $1.86. The company issued revenue guidance of $650.00 million-$670.00 million, compared to the consensus revenue estimate of $657.33 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), ON Semiconductor (ON), Baidu (BIDU) and Block (SQ).

What is Fabrinet's stock symbol?

Fabrinet trades on the New York Stock Exchange (NYSE) under the ticker symbol "FN."

Who are Fabrinet's major shareholders?

Fabrinet's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (15.77%), Capital International Investors (4.44%), Wasatch Advisors LP (3.49%), State Street Corp (3.47%), Dimensional Fund Advisors LP (3.22%) and Artisan Partners Limited Partnership (2.51%). Insiders that own company stock include Csaba Sverha, David T Mitchell, Edward T Archer, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fabrinet's stock price today?

One share of FN stock can currently be purchased for approximately $166.70.

How much money does Fabrinet make?

Fabrinet (NYSE:FN) has a market capitalization of $6.03 billion and generates $2.65 billion in revenue each year. The technology company earns $247.91 million in net income (profit) each year or $6.72 on an earnings per share basis.

How many employees does Fabrinet have?

The company employs 14,663 workers across the globe.

How can I contact Fabrinet?

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The official website for the company is www.fabrinet.com. The technology company can be reached via phone at (662) 524-9600 or via email at ir@fabrinet.com.

This page (NYSE:FN) was last updated on 9/28/2023 by MarketBeat.com Staff

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