NYSE:FN - Fabrinet Stock Price, News, & Analysis

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

Fabrinet announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 6th 2018, which allows the company to repurchase $30,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Fabrinet (NYSE:FN) released its earnings results on Monday, November, 5th. The technology company reported $0.92 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.24. The technology company had revenue of $377 million for the quarter, compared to the consensus estimate of $352.28 million. Fabrinet had a return on equity of 13.53% and a net margin of 6.54%. Fabrinet's revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share. View Fabrinet's Earnings History.

Fabrinet is scheduled to release their next quarterly earnings announcement on Monday, February 4th 2019. View Earnings Estimates for Fabrinet.

Fabrinet updated its second quarter earnings guidance on Monday, November, 5th. The company provided EPS guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.84. The company issued revenue guidance of $380-388 million, compared to the consensus revenue estimate of $366.07 million.Fabrinet also updated its Q2 2019 guidance to $0.91-0.94 EPS.

5 equities research analysts have issued twelve-month target prices for Fabrinet's stock. Their forecasts range from $33.00 to $58.00. On average, they expect Fabrinet's share price to reach $50.40 in the next year. This suggests a possible upside of 0.6% from the stock's current price. View Analyst Price Targets for Fabrinet.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Fabrinet.

News coverage about FN stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Fabrinet earned a news sentiment score of 0.9 on InfoTrie's scale. They also gave news coverage about the technology company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the near term.

Fabrinet saw a decline in short interest in September. As of September 28th, there was short interest totalling 731,736 shares, a decline of 32.4% from the September 14th total of 1,081,817 shares. Based on an average trading volume of 416,656 shares, the days-to-cover ratio is presently 1.8 days. Approximately 2.1% of the shares of the stock are sold short. View Fabrinet's Current Options Chain.

Some companies that are related to Fabrinet include Ciena (CIEN), Plantronics (PLT), Telkom SA Ltd ADS (TLKGY), Avaya (AVYA), NetGear (NTGR), Infinera (INFN), ADTRAN (ADTN), AudioCodes (AUDC), DASAN Zhone Solutions (DZSI), Clearfield (CLFD), Akoustis Technologies (AKTS), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Franklin Wireless (FKWL).

Fabrinet's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.19%), Dimensional Fund Advisors LP (8.28%), Frontier Capital Management Co. LLC (4.34%), FMR LLC (4.15%), Bank of New York Mellon Corp (3.18%) and Vaughan Nelson Investment Management L.P. (2.95%). Company insiders that own Fabrinet stock include David T Mitchell, Frank H Levinson, Harpal Gill, Rollance E Olson, Thomas F Kelly and Toh-Seng Ng. View Institutional Ownership Trends for Fabrinet.

FN stock was sold by a variety of institutional investors in the last quarter, including Pekin Singer Strauss Asset Management IL, FMR LLC, Heartland Advisors Inc., Vaughan Nelson Investment Management L.P., Brandes Investment Partners LP, Teachers Retirement System of The State of Kentucky, Wedge Capital Management L L P NC and First Trust Advisors LP. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Harpal Gill, Rollance E Olson and Toh-Seng Ng. View Insider Buying and Selling for Fabrinet.

FN stock was bought by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., BlackRock Inc., LSV Asset Management, Frontier Capital Management Co. LLC, Dimensional Fund Advisors LP, Bank of Montreal Can, Cadence Capital Management LLC and Bank of New York Mellon Corp. View Insider Buying and Selling for Fabrinet.

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

One share of FN stock can currently be purchased for approximately $50.12.

Fabrinet has a market capitalization of $1.88 billion and generates $1.37 billion in revenue each year. The technology company earns $84.16 million in net income (profit) each year or $2.98 on an earnings per share basis. Fabrinet employs 10,579 workers across the globe.

The official website for Fabrinet is http://www.fabrinet.com.

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The technology company can be reached via phone at 662-524-9600 or via email at [email protected]