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NYSE:FN

Fabrinet Stock Forecast, Price & News

$69.00
+0.14 (+0.20 %)
(As of 11/27/2020 12:00 AM ET)
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Compare
Today's Range
$68.18
Now: $69.00
$69.34
50-Day Range
$59.92
MA: $65.59
$71.25
52-Week Range
$44.00
Now: $69.00
$76.85
Volume91,488 shs
Average Volume273,663 shs
Market Capitalization$2.55 billion
P/E Ratio21.50
Dividend YieldN/A
Beta0.97
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.
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Fabrinet logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.4Community Rank: 3.2Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.62 out of 5 stars


Industry, Sector and Symbol

Industry Telephone & telegraph apparatus
Sub-IndustryElectronic Manufacturing Services
CUSIPG3323L10
Phone662-524-9600
Employees11,506

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.64 billion
Cash Flow$4.38 per share
Book Value$27.09 per share

Profitability

Net Income$113.48 million

Miscellaneous

Market Cap$2.55 billion
Next Earnings Date2/1/2021 (Estimated)
OptionableOptionable
$69.00
+0.14 (+0.20 %)
(As of 11/27/2020 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 been impacted by COVID-19?

Fabrinet's stock was trading at $51.08 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, FN stock has increased by 35.1% and is now trading at $69.00.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Fabrinet?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fabrinet in the last year. There are currently 2 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Fabrinet
.

What stocks does MarketBeat like better than Fabrinet?

Wall Street analysts have given Fabrinet a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Fabrinet wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Fabrinet's next earnings date?

Fabrinet is scheduled to release its next quarterly earnings announcement on Monday, February 1st 2021.
View our earnings forecast for Fabrinet
.

How were Fabrinet's earnings last quarter?

Fabrinet (NYSE:FN) released its quarterly earnings results on Monday, November, 2nd. The technology company reported $1.05 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.98 by $0.07. The technology company earned $436.60 million during the quarter, compared to the consensus estimate of $421.66 million. Fabrinet had a return on equity of 13.37% and a net margin of 7.18%. The firm's revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.86 EPS.
View Fabrinet's earnings history
.

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

Fabrinet issued an update on its second quarter earnings guidance on Monday, November, 2nd. The company provided EPS guidance of $1.00-$1.07 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.01. The company issued revenue guidance of $420-$440 million, compared to the consensus revenue estimate of $425.76 million.

What price target have analysts set for FN?

7 analysts have issued 1-year target prices for Fabrinet's shares. Their forecasts range from $32.00 to $85.00. On average, they anticipate Fabrinet's stock price to reach $69.00 in the next year.
View analysts' price targets for Fabrinet
.

Are investors shorting Fabrinet?

Fabrinet saw a drop in short interest in the month of October. As of October 30th, there was short interest totaling 383,800 shares, a drop of 30.4% from the October 15th total of 551,300 shares. Based on an average daily trading volume, of 244,200 shares, the short-interest ratio is presently 1.6 days. Currently, 1.1% of the company's stock 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), JD.com (JD), Cisco Systems (CSCO), Intelsat (I), Ambarella (AMBA), Bank of America (BAC), Marvell Technology Group (MRVL), ON Semiconductor (ON), Baidu (BIDU) and Square (SQ).

Who are Fabrinet's key executives?

Fabrinet's management team includes the following people:
  • Mr. David Tom Mitchell, Founder & Chairman (Age 78, Pay $265k)
  • Mr. Seamus Grady, CEO & Director (Age 53, Pay $1.99M)
  • Dr. Harpal S. Gill, Pres & COO (Age 67, Pay $2.98M)
  • Mr. Csaba Sverha, Exec. VP & CFO (Age 41, Pay $721.83k)
  • Mr. Edward T. Archer, Exec. VP of Sales & Marketing (Age 57, Pay $882.52k)
  • Mr. Toh-Seng Ng, Exec. VP of Special Projects (Age 66, Pay $2.12M)
  • Mr. Colin R. Campbell, VP & Gen. Counsel
  • Mr. Mark O'Connor, Exec. VP of Corp. Devel.
  • George Mitchell, Sr. VP of Europe, USA & Canada

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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.33%), Wasatch Advisors Inc. (8.18%), State Street Corp (3.01%), Neumeier Poma Investment Counsel LLC (2.30%), Vaughan Nelson Investment Management L.P. (2.00%) and Paradigm Capital Management Inc. NY (1.74%). 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 BlackRock Inc., Royce & Associates LP, Dalton Greiner Hartman Maher & Co., WINTON GROUP Ltd, State Street Corp, Marvin & Palmer Associates Inc., AQR Capital Management LLC, and JPMorgan Chase & Co.. Company insiders that have sold Fabrinet company stock in the last year include David T Mitchell, Edward T Archer, Frank H Levinson, Harpal Gill, 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 purchased by a variety of institutional investors in the last quarter, including Victory Capital Management Inc., Wasatch Advisors Inc., Neuberger Berman Group LLC, Polar Asset Management Partners Inc., Allianz Asset Management GmbH, Vaughan Nelson Investment Management L.P., Wells Fargo & Company MN, and Teacher Retirement System of Texas.
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 $69.00.

How big of a company is Fabrinet?

Fabrinet has a market capitalization of $2.55 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 11/27/2020 by MarketBeat.com Staff

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