Fabrinet - FN Stock Forecast, Price & News

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.