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 share repurchase program on Tuesday, February 6th 2018, which allows the company to buyback $30,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Fabrinet (NYSE:FN) announced its quarterly earnings data on Monday, November, 5th. The technology company reported $0.92 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 company's revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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 earnings per share (EPS) guidance of $0.91-0.94 for the period, compared to the Thomson Reuters consensus earnings per share 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 Wall Street analysts have issued 12-month target prices for Fabrinet's shares. Their predictions 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 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.

Media coverage about FN stock has trended somewhat positive on Saturday, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Fabrinet earned a news impact score of 0.7 on InfoTrie's scale. They also gave headlines about the technology company a news buzz of 1.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the stock'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 daily volume of 591,428 shares, the days-to-cover ratio is presently 0.9 days. Approximately 1.5% of the company's shares 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), Akoustis Technologies (AKTS), Clearfield (CLFD), Westell Technologies (WSTL), Zoom Telephonics (ZMTP), Communications Systems (JCS) and Franklin Wireless (FKWL).

Fabrinet's stock is owned by many different 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 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 $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]