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 has authorized a share repurchase program on Tuesday, February 6th 2018, which permits the company to repurchase $30,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its stock is undervalued.

Fabrinet (NYSE:FN) announced 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 earned $377 million during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same period in the prior year, the firm 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 issued an update on 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 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 1 year price objectives for Fabrinet's stock. Their forecasts range from $33.00 to $58.00. On average, they anticipate Fabrinet's stock price to reach $50.40 in the next twelve months. This suggests a possible upside of 2.6% 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.

Headlines about FN stock have been trending somewhat negative on Friday, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Fabrinet earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned news headlines about the technology company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the company's share price in the near future.

Fabrinet saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 542,689 shares, a decrease of 38.5% from the October 31st total of 883,104 shares. Based on an average daily trading volume, of 591,428 shares, the days-to-cover ratio is currently 0.9 days. Currently, 1.5% of the company's stock are sold short. 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), Akoustis Technologies (AKTS), Clearfield (CLFD), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Franklin Wireless (FKWL).

Fabrinet's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.19%), Dimensional Fund Advisors LP (8.28%), Vanguard Group Inc. (5.93%), Vanguard Group Inc (5.93%), Royce & Associates LP (4.44%) and Frontier Capital Management Co. LLC (4.34%). 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 bought 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 $49.13.

Fabrinet has a market capitalization of $1.81 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]