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NYSE:FN

Fabrinet - FN Stock Forecast, Price & News

$117.34
+3.33 (+2.92%)
(As of 08/18/2022 03:59 PM ET)
Add
Compare
Today's Range
$114.00
$118.84
50-Day Range
$75.50
$115.75
52-Week Range
$74.57
$126.28
Volume
7,916 shs
Average Volume
182,451 shs
Market Capitalization
$4.32 billion
P/E Ratio
21.89
Dividend Yield
N/A
Price Target
$114.00

Fabrinet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
1.5% Downside
$115.60 Price Target
Short Interest
Healthy
1.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.26mentions of Fabrinet in the last 14 days
Based on 32 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.55 out of 5 stars

Computer And Technology Sector

600th out of 660 stocks

Telephone & Telegraph Apparatus Industry

12th out of 13 stocks

FN stock logo

About Fabrinet (NYSE:FN) Stock

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 advanced optical and electro-mechanical capabilities in the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, advanced packaging, integration, final assembly, and testing. Its products include switching products, including 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, speeds, and over various distances. The company's products also comprise tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity. In addition, it provides 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. Further, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components, and substrates; and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It serves original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors. The company was incorporated in 1999 and is based in George Town, the Cayman Islands.

Fabrinet Trading Down 0.0 %

FN Stock traded down $0.01 during midday trading on Thursday, reaching $114.00. The company's stock had a trading volume of 1 shares, compared to its average volume of 182,451. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.02 and a current ratio of 2.83. The stock has a fifty day simple moving average of $87.56 and a two-hundred day simple moving average of $93.70. Fabrinet has a 1 year low of $74.57 and a 1 year high of $126.28. The firm has a market capitalization of $4.19 billion, a price-to-earnings ratio of 21.27 and a beta of 0.99.

Fabrinet (NYSE:FN - Get Rating) last released its earnings results on Monday, August 15th. The technology company reported $1.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.42 by $0.26. Fabrinet had a return on equity of 16.67% and a net margin of 8.86%. The business had revenue of $587.90 million for the quarter, compared to analyst estimates of $581.48 million. During the same quarter last year, the firm posted $1.14 earnings per share. The business's revenue was up 15.4% compared to the same quarter last year. On average, equities research analysts predict that Fabrinet will post 5.94 EPS for the current year.

Analyst Upgrades and Downgrades

FN has been the subject of a number of research analyst reports. B. Riley dropped their price target on Fabrinet from $100.00 to $96.00 in a research note on Tuesday, May 3rd. Needham & Company LLC increased their target price on shares of Fabrinet from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Tuesday. Loop Capital assumed coverage on Fabrinet in a research note on Monday, April 25th. They issued a "buy" rating and a $129.00 price target for the company. JPMorgan Chase & Co. dropped their price target on Fabrinet from $115.00 to $88.00 and set a "neutral" rating for the company in a research note on Thursday, July 14th. Finally, StockNews.com upgraded Fabrinet from a "hold" rating to a "buy" rating in a research note on Monday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Fabrinet has an average rating of "Moderate Buy" and a consensus target price of $115.60.

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FN Stock News Headlines

Company News for Aug 17, 2022 - Nasdaq
Fabrinet (NYSE:FN) Upgraded to Buy by StockNews.com
Fabrinet (NYSE:FN) PT Raised to $135.00
Fabrinet (NYSE:FN) Shares Gap Up Following Strong Earnings
Company News for Aug 17, 2022
Why Fabrinet Stock Jumped on Tuesday
A Preview Of Fabrinet's Earnings - Benzinga
See More Headlines
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FN Company Calendar

Last Earnings
8/15/2022
Today
8/18/2022
Next Earnings (Estimated)
11/07/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Telephone & telegraph apparatus
Sub-Industry
Electronic Manufacturing Services
CUSIP
G3323L10
Fax
N/A
Employees
12,189
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$115.60
High Stock Price Forecast
$135.00
Low Stock Price Forecast
$88.00
Forecasted Upside/Downside
-2.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
5 Analysts

Profitability

Net Income
$148.34 million
Pretax Margin
9.15%

Debt

Sales & Book Value

Annual Sales
$2.26 billion
Cash Flow
$6.69 per share
Book Value
$34.08 per share

Miscellaneous

Free Float
36,631,000
Market Cap
$4.32 billion
Optionable
Optionable
Beta
0.99














FN Stock - Frequently Asked Questions

Should I buy or sell Fabrinet stock right now?

5 Wall Street equities research 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. The consensus among Wall Street equities research analysts is that investors should "buy" FN shares.
View FN analyst ratings
or view top-rated stocks.

What is Fabrinet's stock price forecast for 2022?

5 brokers have issued 12 month price targets for Fabrinet's shares. Their FN share price forecasts range from $88.00 to $135.00. On average, they predict the company's stock price to reach $115.60 in the next year. This suggests a possible upside of 1.4% from the stock's current price.
View analysts price targets for FN
or view top-rated stocks among Wall Street analysts.

How have FN shares performed in 2022?

Fabrinet's stock was trading at $118.47 at the start of the year. Since then, FN stock has decreased by 3.8% and is now trading at $114.01.
View the best growth stocks for 2022 here
.

Are investors shorting Fabrinet?

Fabrinet saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 691,800 shares, an increase of 35.7% from the July 15th total of 509,800 shares. Based on an average daily trading volume, of 179,900 shares, the short-interest ratio is currently 3.8 days. Currently, 1.9% of the shares of the company are sold short.
View Fabrinet's Short Interest
.

When is Fabrinet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our FN earnings forecast
.

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) posted its quarterly earnings data on Monday, August, 15th. The technology company reported $1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.42 by $0.26. The technology company had revenue of $587.90 million for the quarter, compared to analysts' expectations of $581.48 million. Fabrinet had a trailing twelve-month return on equity of 16.67% and a net margin of 8.86%. The firm's revenue was up 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.14 EPS.

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

Fabrinet updated its first quarter earnings guidance on Monday, August, 15th. The company provided earnings per share (EPS) guidance of $1.72-$1.79 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of $620-$640 million, compared to the consensus revenue estimate of $598.93 million.

What is Tom Mitchell's approval rating as Fabrinet's CEO?

8 employees have rated Fabrinet Chief Executive Officer Tom Mitchell on Glassdoor.com. Tom Mitchell has an approval rating of 74% among the company's employees.

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), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology (MRVL), ON Semiconductor (ON), Baidu (BIDU) and Block (SQ).

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 number of institutional and retail investors. Top institutional investors include FMR LLC (3.75%), State Street Corp (3.26%), Victory Capital Management Inc. (2.66%), Artisan Partners Limited Partnership (2.64%), Paradigm Capital Management Inc. NY (1.55%) and abrdn plc (1.26%). Insiders that own company stock include Csaba Sverha, 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
.

How do I buy shares of Fabrinet?

Shares of FN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fabrinet's stock price today?

One share of FN stock can currently be purchased for approximately $114.01.

How much money does Fabrinet make?

Fabrinet (NYSE:FN) has a market capitalization of $4.19 billion and generates $2.26 billion in revenue each year. The technology company earns $148.34 million in net income (profit) each year or $5.36 on an earnings per share basis.

How many employees does Fabrinet have?

The company employs 12,189 workers across the globe.

How can I contact Fabrinet?

Fabrinet's mailing address is 190 ELGIN AVENUE, GEORGE TOWN E9, KY1-9005. The official website for the company is www.fabrinet.com. The technology company can be reached via phone at (662) 524-9600 or via email at ir@fabrinet.com.

This page (NYSE:FN) was last updated on 8/18/2022 by MarketBeat.com Staff

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