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

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

Fabrinet declared that its Board of Directors has approved a stock buyback program on Tuesday, February 6th 2018, which allows the company to buyback $30,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is undervalued.

Fabrinet (NYSE:FN) posted its quarterly earnings data on Monday, November, 5th. The technology company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate 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 net margin of 6.54% and a return on equity of 13.53%. The business's revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.75 EPS. 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 earnings per share 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 brokerages have issued 1 year target prices for Fabrinet's stock. Their predictions range from $33.00 to $58.00. On average, they anticipate Fabrinet's share price to reach $50.40 in the next twelve months. This suggests a possible upside of 7.5% 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.

Headlines about FN stock have trended somewhat positive on Tuesday, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Fabrinet earned a news sentiment score of 1.8 on InfoTrie's scale. They also assigned press coverage about the technology company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the immediate future.

Fabrinet saw a drop in short interest in November. As of November 15th, there was short interest totalling 542,689 shares, a drop of 38.5% from the October 31st total of 883,104 shares. Based on an average trading volume of 591,428 shares, the days-to-cover ratio is currently 0.9 days. Approximately 1.5% of the shares of the stock are short sold. View Fabrinet's Current Options Chain.

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

Fabrinet's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (14.19%), Dimensional Fund Advisors LP (8.28%), Vanguard Group Inc. (5.93%), Royce & Associates LP (4.44%), Frontier Capital Management Co. LLC (4.34%) and FMR LLC (4.15%). Company insiders that own Fabrinet stock include David T Mitchell, Frank H Levinson, Harpal Gill, Rollance E Olson, Seamus Grady, 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 Capital Research Global Investors, Royce & Associates LP, Pekin Singer Strauss Asset Management IL, Teachers Advisors LLC, Tocqueville Asset Management L.P., Renaissance Technologies LLC, FMR LLC and Heartland Advisors Inc.. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Harpal Gill, Rollance E Olson, Seamus Grady and Toh-Seng Ng. View Insider Buying and Selling for Fabrinet.

FN stock was purchased by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., JPMorgan Chase & Co., BlackRock Inc., LSV Asset Management, Frontier Capital Management Co. LLC, Dimensional Fund Advisors LP, Bank of Montreal Can and Cadence Capital Management LLC. 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 $46.89.

Fabrinet has a market capitalization of $1.77 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]