Fabrinet +6.9% on beat, raised analyst targets [Seeking Alpha]
Fabrinet Ordinary Shares (FN)
Last fabrinet ordinary shares earnings: 2/3 04:15 pm
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US:NYSE Investor Relations:
investor.fabrinet.com/investor-relations
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Source: Seeking Alpha
Fabrinet (NYSE: FN ) has come strong out of the open, and matching postmarket gains yesterday, after posting a beat in Q4 earnings . Analysts raised targets in response. Piper Jaffray and B. Riley FBR each raised the target to $52 (from $42 and $50 respectively). Piper's Troy Jensen says the earnings confirm his take on improvements in optical demand, likely to lead to a return of accelerating growth. And B. Riley's Dave Kang expects revenue growth to continue despite a near-term overhang from tariffs. (h/t Bloomberg) Needham downgraded the shares to Buy, from Strong Buy, based on new limits to upside on its target; it boosted its price target to $55 from $45, now implying 17% upside. Earnings call transcript See all stocks on the move » Now read: Fabrinet +6.9% after Q4 beat, strong guidance » Subscribe for full text news in your inbox
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News
- Fabrinet to Announce Third Quarter Fiscal Year 2024 Financial Results on May 6, 2024Business Wire
- Phononic Launches Wholly Owned Subsidiary in Thailand as APAC Headquarters [Yahoo! Finance]Yahoo! Finance
- The total return for Fabrinet (NYSE:FN) investors has risen faster than earnings growth over the last five years [Yahoo! Finance]Yahoo! Finance
- Fabrinet (NYSE: FN) had its price target raised by analysts at JPMorgan Chase & Co. from $210.00 to $212.00. They now have a "neutral" rating on the stock.MarketBeat
- Full Glass Wine Co. Secures $14 Million Funding; Acquires Leading DTC Wine Subscription Brand, Bright Cellars [Yahoo! Finance]Yahoo! Finance
FN
Earnings
- 2/5/24 - Beat
FN
Sec Filings
- 3/13/24 - Form 4
- 3/11/24 - Form 4
- 3/7/24 - Form 144
- FN's page on the SEC website