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.
IPO Year: 2010
Exchange: NYSE
Website: fabrinet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2024 | $194.00 → $178.00 | Neutral → Sell | B. Riley Securities |
| 11/14/2024 | $292.00 | Equal Weight | Barclays |
| 11/5/2024 | $280.00 | Buy | Needham |
| 6/26/2024 | $230.00 | Hold | Jefferies |
| 3/21/2024 | $200.00 → $220.00 | Market Perform → Outperform | Northland Capital |
| 2/6/2024 | $200.00 | Outperform → Market Perform | Northland Capital |
| 1/8/2024 | $185.00 → $210.00 | Overweight → Neutral | JP Morgan |
| 10/5/2023 | $230.00 | Buy | Rosenblatt |
| 8/22/2023 | $150.00 → $165.00 | Buy | Needham |
| 4/21/2023 | $130.00 | Buy | Lake Street |
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4 - Fabrinet (0001408710) (Issuer)
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NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Forbes Alexander has been appointed to the Company's Board of Directors, expanding the Board to eight members. Mr. Alexander will also serve as a member of the Board's Audit Committee. Mr. Alexander is an accomplished leader who brings extensive executive experience and financial knowledge to the Board. Mr. Alexander has served as a founding partner of Steadfast Partners LLP, an industrial technology advisory group, since January 2020. Mr. Alexander served as Execut
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Darlene Knight has been appointed to the Company's Board of Directors and as a member of the Board's Audit Committee. Ms. Knight brings to Fabrinet significant experience with multi-national manufacturing businesses, primarily in the automotive sector. Ms. Knight was Vice President, Americas of Adient plc (NYSE:ADNT), a global leader in the automotive seating supply industry, from 2018 to 2019 and Vice President, China of Adient from 2016 to 2018. From 2013 to 2016,
BANGKOK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fiscal first quarter ended September 27, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We started fiscal year 2025 with significant momentum across our business. Record revenue of $804 million increased 17% from a year ago and was above our guidance range. We saw revenue growth from every product area, including our first telecom revenue growth in several quarters. Strong margins
BANGKOK, Thailand, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the first quarter of fiscal year 2025, which ended September 27, 2024, after market close on Monday, November 4, 2024. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results. What:Fabrinet First Quarter Fiscal Year 2025 Financial Results CallWhen:Monday, November 4, 2024Time:5:00 p.m. ESTLive Call & Replay:htt
NEW YORK, Sept. 6, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 23, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from
Record Fourth Quarter Revenue and Earnings Per Share Exceed Guidance BANGKOK, Thailand, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "Our strong fourth quarter results capped a remarkable fiscal year, representing our fourth quarter in a row of record revenue, and record earnings per share, both of which were above our guidance ranges. We remai
BANGKOK, July 29, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the fourth quarter and fiscal year 2024, which ended June 28, 2024, after market close on Monday, August 19, 2024. On that day, management will hold a conference call and webcast at 5:00 p.m. EDT to review and discuss the Company's results. What:Fabrinet Fourth Quarter and Fiscal Year 2024 Financial Results CallWhen:Monday, August 19, 2024Time:5:00 p.m. EDTLive Call & Replay:https://investor.
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that Forbes Alexander has been appointed to the Company's Board of Directors, expanding the Board to eight members. Mr. Alexander will also serve as a member of the Board's Audit Committee. Mr. Alexander is an accomplished leader who brings extensive executive experience and financial knowledge to the Board. Mr. Alexander has served as a founding partner of Steadfast Partners LLP, an industrial technology advisory group, since January 2020. Mr. Alexander served as Execut
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present virtually at the Rosenblatt Securities 4th Annual Technology Summit. The Fabrinet presentation is scheduled for Thursday, June 13, 2024 at 12:00 p.m. EDT (9:00 a.m. PDT). A live webcast, as well as a replay, will be accessible at https://investor.fabrinet.com/. About Fabrinet Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipme
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced that its management will present at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. The Fabrinet presentation is scheduled for Monday, May 20, 2024 at 8:40 a.m. EDT (5:40 a.m. PDT). A live webcast, as well as a replay, will be accessible at https://investor.fabrinet.com/. About Fabrinet Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing
Exceeds Guidance Ranges with Record Revenue and Net Income Per Share Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We delivered strong results in the quarter, exceeding both our revenue and EPS guidance. Our results were driven by record datacom revenue from continued demand for high-data-rate products, and sequential growth in telecom revenue, primarily from datacenter interconnect
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the third quarter of fiscal year 2024, which ended March 29, 2024, after market close on Monday, May 6, 2024. On that day, management will hold a conference call and webcast at 4:30 p.m. EDT to review and discuss the Company's results. What: Fabrinet Third Quarter Fiscal Year 2024 Financial Results Call When: Monday, May 6, 2024 Time: 4:30 p.m. EDT Live Call & Replay: https://investo
BANGKOK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fiscal first quarter ended September 27, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We started fiscal year 2025 with significant momentum across our business. Record revenue of $804 million increased 17% from a year ago and was above our guidance range. We saw revenue growth from every product area, including our first telecom revenue growth in several quarters. Strong margins
BANGKOK, Thailand, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the first quarter of fiscal year 2025, which ended September 27, 2024, after market close on Monday, November 4, 2024. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results. What:Fabrinet First Quarter Fiscal Year 2025 Financial Results CallWhen:Monday, November 4, 2024Time:5:00 p.m. ESTLive Call & Replay:htt
Record Fourth Quarter Revenue and Earnings Per Share Exceed Guidance BANGKOK, Thailand, Aug. 19, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fourth quarter and fiscal year ended June 28, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "Our strong fourth quarter results capped a remarkable fiscal year, representing our fourth quarter in a row of record revenue, and record earnings per share, both of which were above our guidance ranges. We remai
BANGKOK, July 29, 2024 (GLOBE NEWSWIRE) -- Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the fourth quarter and fiscal year 2024, which ended June 28, 2024, after market close on Monday, August 19, 2024. On that day, management will hold a conference call and webcast at 5:00 p.m. EDT to review and discuss the Company's results. What:Fabrinet Fourth Quarter and Fiscal Year 2024 Financial Results CallWhen:Monday, August 19, 2024Time:5:00 p.m. EDTLive Call & Replay:https://investor.
Exceeds Guidance Ranges with Record Revenue and Net Income Per Share Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its third fiscal quarter ended March 29, 2024. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We delivered strong results in the quarter, exceeding both our revenue and EPS guidance. Our results were driven by record datacom revenue from continued demand for high-data-rate products, and sequential growth in telecom revenue, primarily from datacenter interconnect
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the third quarter of fiscal year 2024, which ended March 29, 2024, after market close on Monday, May 6, 2024. On that day, management will hold a conference call and webcast at 4:30 p.m. EDT to review and discuss the Company's results. What: Fabrinet Third Quarter Fiscal Year 2024 Financial Results Call When: Monday, May 6, 2024 Time: 4:30 p.m. EDT Live Call & Replay: https://investo
Exceeds Guidance Ranges with Record Revenue and Net Income Per Share Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its second fiscal quarter ended December 29, 2023. Seamus Grady, Chief Executive Officer of Fabrinet, said, "Our strong second quarter results exceeded our guidance ranges and also represented record levels for revenue and net income per share. We continued to see strong datacom revenue growth, which helped drive our overall top line performance. We remain confident that ne
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the second quarter of fiscal year 2024, which ended December 29, 2023, after market close on Monday, February 5, 2024. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results. What: Fabrinet Second Quarter Fiscal Year 2024 Financial Results Call When: Monday, February 5, 2024 Time: 5:00 p.m. EST Live Call
Record Revenue and Net Income Per Share Exceed Guidance Ranges Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its first fiscal quarter ended September 29, 2023. Seamus Grady, Chief Executive Officer of Fabrinet, said, "We had a very strong start to the year with revenue and net income per share that were above our guidance ranges, and also marked new quarterly records. Industry-wide inventory adjustments continue to affect certain programs, but these declines were more than offset by qui
Fabrinet (NYSE:FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the first quarter of fiscal year 2024 which ended September 29, 2023 after market close on Monday, November 6, 2023. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results. What: Fabrinet First Quarter Fiscal Year 2024 Financial Results Call When: Monday, November 6, 2023 Time: 5:00 p.m. EST Live Call
B. Riley Securities downgraded Fabrinet from Neutral to Sell and set a new price target of $178.00 from $194.00 previously
Barclays initiated coverage of Fabrinet with a rating of Equal Weight and set a new price target of $292.00
Needham resumed coverage of Fabrinet with a rating of Buy and set a new price target of $280.00
Jefferies initiated coverage of Fabrinet with a rating of Hold and set a new price target of $230.00
Northland Capital upgraded Fabrinet from Market Perform to Outperform and set a new price target of $220.00 from $200.00 previously
Northland Capital downgraded Fabrinet from Outperform to Market Perform and set a new price target of $200.00
JP Morgan downgraded Fabrinet from Overweight to Neutral and set a new price target of $210.00 from $185.00 previously
Rosenblatt initiated coverage of Fabrinet with a rating of Buy and set a new price target of $230.00
Needham reiterated coverage of Fabrinet with a rating of Buy and set a new price target of $165.00 from $150.00 previously
Lake Street initiated coverage of Fabrinet with a rating of Buy and set a new price target of $130.00
Fabrinet (NYSE:FN) is quietly becoming a crucial player in the AI industry. What Happened: This original equipment manufacturer (OEM) is catching investor attention thanks to its strategic partnership with Nvidia Corp (NASDAQ:NVDA). Fabrinet, based in the Cayman Islands, is known for its state-of-the-art optical connections and networking cables. It recently became a vital partner within Nvidia's data center operations. With AI applications demanding increasingly high data rates, Fabrinet’s role in producing cutting-edge optical communication products has become indispensable. Datacom revenues, 42% of Fabrinet’s quarterly sales, surged by 150% year-over-year. This illustrates the s
Fabrinet (NYSE:FN) has outperformed the market over the past 10 years by 17.56% on an annualized basis producing an average annual return of 28.3%. Currently, Fabrinet has a market capitalization of $9.14 billion. Buying $1000 In FN: If an investor had bought $1000 of FN stock 10 years ago, it would be worth $11,790.21 today based on a price of $252.74 for FN at the time of writing. Fabrinet's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed
Fabrinet (NYSE:FN) has outperformed the market over the past 10 years by 18.02% on an annualized basis producing an average annual return of 28.96%. Currently, Fabrinet has a market capitalization of $8.92 billion. Buying $100 In FN: If an investor had bought $100 of FN stock 10 years ago, it would be worth $1,268.54 today based on a price of $246.88 for FN at the time of writing. Fabrinet's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content engine and reviewed by
Investors looking to dial up their risk-reward profile typically consider targeting small publicly traded enterprises that offer robust upside potential. Of course, the main threat to this framework is volatility. While that risk can never be completely mitigated, the AlphaMark Actively Managed Small Cap ETF (SMCP) provides market speculators with a more sensible platform. Fundamentally, the SMCP exchange-traded fund offers two core advantages. Firstly, AlphaMark is actively managed, which means that the investment vehicle is guided by a professional. As market conditions change, the SMCP may navigate around certain pitfalls. Secondly, the ETF encompasses a wide range of individual en
Will Russia Finally Retaliate Outside Of The Ukraine? The Ukrainian attack that killed at least 5 Russian beachgoers and wounded another 124 in Sevastopol on Sunday reportedly used American-supplied ATACMS missiles armed with cluster munition warheads. A number of open source intelligence analysts have suggested the missiles were observed and may have even been directed by a U.S. Air Force surveillance drone operating nearby at the time. As ZeroHedge noted in the post I linked to above, Likely Russia is gearing up to pummel multiple sites across Ukraine, and will try to go after bases hosting foreign military equipment and arms storehouses. But will Russia also retaliate outside
Fabrinet (NYSE:FN) has been analyzed by 4 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 3 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 1 0 1 0 0 3M Ago 0 0 1 0 0 Analysts have set 12-month price targets for Fabrinet, revealing an average target of $208.25, a high estimate of $230.00, and a low estimate of $171.00. This upward trend is evident, with the current avera
Jefferies analyst George Notter initiates coverage on Fabrinet (NYSE:FN) with a Hold rating and announces Price Target of $230.
Fabrinet's (NYSE:FN) short percent of float has fallen 13.26% since its last report. The company recently reported that it has 1.26 million shares sold short, which is 4.84% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.1 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
Another One Laps The Market In a post last week ("From The Viewpoint Of Calamity"), we mentioned that one of our hedged portfolios from mid-November more than doubled the performance of the SPDR S&P 500 Trust ETF (NYSE:SPY) over the next six months. In that post, we joked that despite those extraordinary returns, many readers would be indifferent. We may have spoken too soon. Since then, we've seen a spike in interest, particularly after the following week's portfolio (the one from Thanksgiving week last year) also more than doubled the performance of the market. We've also gotten some specific questions about why this is happening, which we'll attempt to answer here. First let's l