Fabrinet (FN) closed the last trading session at $210.74, gaining 1.2% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $265.17 indicates a 25.8% upside potential. The average comprises six short-term price targets ranging from a low of $196 to a high of $300, with a standard deviation of $37.58. While the lowest estimate indicates a decline of 7% from the current price level, the m ...

Shares of Fabrinet (FN) have been struggling lately and have lost 10.7% over the past week. However, a hammer chart pattern was formed in its last trading session, which could mean that the stock found support with bulls being able to counteract the bears. So, it could witness a trend reversal down the road. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the st ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 26th: Grupo Supervielle (SUPV) : This private domestically-owned financial group primarily in Argentina, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days. Grupo Supervielle's shares gained 7.3% over the last three month compared with the S&P 500's gain of 6.2%. The company possesses a Momentum Score of A ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Core Viewpoint - Fabrinet (FN) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][2]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Fabrinet for the fiscal year ending June 2025 is projected at $9.91 per share, reflecting an 11.6% increase from the previous year [7]. - Over the past three months, the Zacks Consensus Estimate for Fabrinet has risen by 5.7%, indicating a trend of increasing earnings estimates [7]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [6]. - The Zacks rating system maintains a balanced distribution of 'buy' and 'sell' ratings, ensuring that only the top 20% of stocks receive a 'Strong Buy' or 'Buy' rating, which highlights their superior earnings estimate revision characteristics [8][9]. Market Implications - The upgrade to Zacks Rank 2 positions Fabrinet in the top 20% of Zacks-covered stocks, suggesting potential for higher stock price movement in the near term due to favorable earnings outlook [9].

The company delivered a splendid quarterly earnings report that featured better-than-expected guidance. Optics equipment supplier Fabrinet (FN 15.74%) was quite the double-digit outperformer on the second trading day of the week. Tuesday saw the company's share price skyrocket by nearly 16%, thanks to an earnings report that well outpaced expectations. Fabrinet stock's performance on the day was particularly impressive considering that the S&P 500 index ended in negative territory, closing the day down by 0 ...

Fabrinet (FN) reported $753.26 million in revenue for the quarter ended June 2024, representing a year-overyear increase of 14.9%. EPS of $2.41 for the same period compares to $1.86 a year ago. The reported revenue represents a surprise of +2.55% over the Zacks Consensus Estimate of $734.55 million. With the consensus EPS estimate being $2.25, the EPS surprise was +7.11%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street e ...

Fabrinet (FN) reported earnings of $2.41 per share in fourth-quarter fiscal 2024, beating the Zacks Consensus Estimate by 7.11%. The figure increased 29.6% year over year. Revenues of $753.3 million increased 15% on a year-over-year basis and 3% from the previous quarter's tally, surpassing the consensus mark by 2.55%. The upside was primarily driven by the significant increase in datacom revenues, which rose more than 120% during the year. Quarter in Details Optical Communications, as a percentage of reven ...

Shares of Fabrinet FN skyrocketed in early trading on Tuesday, after the company reported results for its fiscal fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways. JPMorgan analyst Samik Chatterjee reiterated a Neutral rating, while raising the price target from $240 to $285. Needham analyst Alex Henderson maintained a Buy rating, while lifting the price target from $270 to $280. Check out other analyst stock ratings. JPMorgan: Fabrinet's Datacom business ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________ FORM 10-K _______________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 28, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | --- | --- | |------------------------------------------------------------------------------ ...