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NYSE:FN

Fabrinet Stock Forecast, Price & News

$62.17
+0.49 (+0.79 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$61.43
Now: $62.17
$63.15
50-Day Range
$59.44
MA: $69.13
$76.40
52-Week Range
$44.00
Now: $62.17
$76.85
Volume584,977 shs
Average Volume300,588 shs
Market Capitalization$2.28 billion
P/E Ratio20.59
Dividend YieldN/A
Beta1.01
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 optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. Its products comprise switching products, such as 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 and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity. The company also offers 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. In addition, it designs and fabricates application-specific crystals, lenses, prisms, mirrors, and laser components and substrates, as well as other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. The company serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. Fabrinet was incorporated in 1999 and is based in George Town, the Cayman Islands.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.55 out of 5 stars


Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryElectronic Manufacturing Services
CUSIPG3323L10
Phone662-524-9600

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.64 billion
Cash Flow$4.30 per share
Book Value$26.53 per share

Profitability

Net Income$113.48 million

Miscellaneous

Employees11,506
Market Cap$2.28 billion
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$62.17
+0.49 (+0.79 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Fabrinet (NYSE:FN) Frequently Asked Questions

How has Fabrinet's stock price been impacted by COVID-19 (Coronavirus)?

Fabrinet's stock was trading at $51.08 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, FN stock has increased by 21.7% and is now trading at $62.17.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fabrinet?

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

When is Fabrinet's next earnings date?

Fabrinet is scheduled to release its next quarterly earnings announcement on Monday, November 2nd 2020.
View our earnings forecast for Fabrinet
.

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) posted its quarterly earnings results on Monday, August, 17th. The technology company reported $0.96 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.87 by $0.09. The technology company had revenue of $405.10 million for the quarter, compared to analyst estimates of $386.86 million. Fabrinet had a return on equity of 12.87% and a net margin of 6.91%. The business's revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.00 earnings per share.
View Fabrinet's earnings history
.

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

Fabrinet issued an update on its first quarter earnings guidance on Monday, August, 17th. The company provided EPS guidance of $0.93-$1.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.96. The company issued revenue guidance of $410-$430 million, compared to the consensus revenue estimate of $416.22 million.

What price target have analysts set for FN?

8 brokerages have issued 12 month price targets for Fabrinet's shares. Their forecasts range from $32.00 to $85.00. On average, they expect Fabrinet's share price to reach $69.25 in the next year. This suggests a possible upside of 11.4% from the stock's current price.
View analysts' price targets for Fabrinet
.

Are investors shorting Fabrinet?

Fabrinet saw a increase in short interest in August. As of August 31st, there was short interest totaling 853,700 shares, an increase of 13.6% from the August 15th total of 751,300 shares. Based on an average daily volume of 302,700 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.4% of the company's shares are short sold.
View Fabrinet's Short Interest
.

Who are some of Fabrinet's key competitors?

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), Intelsat (I), Bank of America (BAC), JD.Com (JD), Alibaba Group (BABA), Cisco Systems (CSCO), Ambarella (AMBA), Marvell Technology Group (MRVL), Baidu (BIDU) and Baozun (BZUN).

Who are Fabrinet's key executives?

Fabrinet's management team includes the following people:
  • Mr. David Tom Mitchell, Founder & Chairman (Age 77)
  • Mr. Seamus Grady, CEO & Director (Age 52)
  • Dr. Harpal S. Gill, Pres & COO (Age 66)
  • Mr. Toh-Seng Ng, Exec. VP & CFO (Age 65)
  • Mr. Colin R. Campbell, VP & Gen. Counsel

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 a variety of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (11.18%), Wasatch Advisors Inc. (7.27%), FMR LLC (6.46%), Bank of New York Mellon Corp (1.87%), Paradigm Capital Management Inc. NY (1.74%) and Frontier Capital Management Co. LLC (1.59%). Company insiders that own Fabrinet stock include David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly and Toh-Seng Ng.
View institutional ownership trends for Fabrinet
.

Which major investors are selling Fabrinet stock?

FN stock was sold by a variety of institutional investors in the last quarter, including Frontier Capital Management Co. LLC, FMR LLC, Comerica Bank, Bank of America Corp DE, Robeco Institutional Asset Management B.V., Paradigm Capital Management Inc. NY, Bank of New York Mellon Corp, and LSV Asset Management. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, Homa Bahrami, Rollance E Olson, Seamus Grady, Thomas F Kelly, and Toh-Seng Ng.
View insider buying and selling activity for Fabrinet
.

Which major investors are buying Fabrinet stock?

FN stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., Goldman Sachs Group Inc., Marshall Wace LLP, Neuberger Berman Group LLC, Alyeska Investment Group L.P., Marvin & Palmer Associates Inc., Marshall Wace North America L.P., and UBS Group AG.
View insider buying and selling activity for Fabrinet
.

How do I buy shares of 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, Robinhood, Fidelity, and Charles Schwab.

What is Fabrinet's stock price today?

One share of FN stock can currently be purchased for approximately $62.17.

How big of a company is Fabrinet?

Fabrinet has a market capitalization of $2.28 billion and generates $1.64 billion in revenue each year. The technology company earns $113.48 million in net income (profit) each year or $3.14 on an earnings per share basis. Fabrinet employs 11,506 workers across the globe.

What is Fabrinet's official website?

The official website for Fabrinet is www.fabrinet.com.

How can I contact Fabrinet?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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