Fabrinet (FN) Stock

FN is doing well because of growth in Optical Communications and the Automotive sector. However, they are facing difficulties due to foreign exchange losses and tough competition.

News about Nvidia made Fabrinet investors feel more pessimistic today.

Barclays has started covering Fabrinet (FN) with an Equal Weight rating and a price target of $292. They think that the potential for growth is already reflected in the current high valuation. Although Barclays recognizes Fabrinet's strong position with Nvidia (NVDA) optical transceivers, they are cautious about the uncertain timing and scale of the 1.6T ramp, suggesting that the risks and rewards are balanced at the current share price.

Fabrinet (FN) reported quarterly earnings of $2.39 per share, matching the Zacks Consensus Estimate. This is an increase compared to earnings of $2 per share from the same period last year.

BANGKOK, Thailand, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a top provider of advanced optical packaging and manufacturing services for complex products, has announced that it will share its financial results for the first quarter of fiscal year 2025, which ended on September 27, 2024, after the market closes on November 4, 2024. On that date, the management team will host a conference call and webcast at 5:00 p.m. EST to go over and discuss the company's results.

Fabrinet (FN) has strong growth characteristics that may enable it to significantly exceed market performance.

On August 26, 2024, SUPV, FN, and QFIN were included in the Zacks Rank #1 (Strong Buy) list of momentum stocks.

Fabrinet (FN) has strong growth characteristics that may enable it to significantly exceed market performance.

Fabrinet (FN) has received a Zacks Rank #2 (Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.