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0.00318520178843174 0.00217065603359788 -0.000790401925277611 0.0111600033031721 0.0255759906567414 0.0251630941286113 0.02459683603289 0.0116908702679108
Stock impact report

Fabrinet falls despite Q2, outlook beat, while analysts remain bullish [Seeking Alpha]

Fabrinet Ordinary Shares (FN) 
Last fabrinet ordinary shares earnings: 2/3 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.fabrinet.com/investor-relations
Company Research Source: Seeking Alpha
Needham maintained its Buy rating and $540 price target on the shares of Fabrinet — which provides optical Newsletters for Every Investor Get daily, sector-specific newsletters packed with expert insights, fresh ideas, and new opportunities. Subscribe to Newsletters Sign Up Quick Insights Shares fell about 15% despite strong fiscal second quarter results and outlook, possibly due to market concerns about product segment weaknesses and supply constraints. The ongoing Electro-Absorption Modulated Laser (EML) shortage has limited shipments, but approval of a second supplier by NVIDIA is expected to help Datacom revenues grow in upcoming quarters. Growth drivers include strong performance in Telecom (notably Ciena and satellite), HPC ramp with Amazon, new production capacity, Optical Circuit Switching opportunities, and impending wins with hyperscalers and OEMs. Recommended For You More Trending News Show less Read more
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