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 initiated a share repurchase plan on Tuesday, February 6th 2018, which permits the company to buyback $30,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's board 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 earned $377 million during 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%. The business's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period 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 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 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 analysts have issued 1 year target prices for Fabrinet's shares. Their forecasts range from $33.00 to $58.00. On average, they anticipate Fabrinet's share price to reach $50.40 in the next year. This suggests that the stock has a possible downside of 3.4%. 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 been trending positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Fabrinet earned a daily sentiment score of 2.4 on InfoTrie's scale. They also assigned media stories about the technology company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect on the stock's share price in the next few days.

Fabrinet saw a decrease in short interest in the month of September. As of September 28th, there was short interest totalling 731,736 shares, a decrease 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 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), Plantronics (PLT), 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 many different of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.19%), Dimensional Fund Advisors LP (8.28%), Royce & Associates LP (4.44%), Frontier Capital Management Co. LLC (4.34%), FMR LLC (4.15%) and Bank of New York Mellon Corp (3.18%). 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 acquired 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 $52.18.

Fabrinet has a market capitalization of $1.83 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]