48.00 0.00 (0.00%)
After hours: 4:31PM EDT
|Bid||45.99 x 1000|
|Ask||48.50 x 800|
|Day's Range||46.51 - 48.25|
|52 Week Range||40.94 - 62.31|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||16.28|
|Earnings Date||Nov 4, 2019 - Nov 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||58.40|
Shares of Fabrinet tumbled 17% in afternoon trading Tuesday, enough to lead all of the NYSE-listed losers, after the optical communications equipment company reported fiscal fourth-quarter results that beat expectations but provided a downbeat first-quarter outlook. The company had reported late Monday net income for the quarter to June 28 that rose to $30.7 million, or 88 cents a share, from $21.6 million, or 60 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted EPS rose to $1.00 from 81 cents, and beat the FactSet consensus of 94 cents. Revenue rose 17% to $405.1 million to top the FactSet consensus of $399.7 million. For the first quarter, Fabrinet said it expects adjusted EPS of 80 cents to 84 cents and revenue of $386 million to $394 million. The FactSet consensus as of the end of July were 96 cents for EPS and $407.3 million for revenue. Regarding the outlook, Chief Executive Seamus Grady said on the post-earnings conference call with analysts that the timing of changes to customer supply chains as they work through the restart of shipments to Huawei will temporarily hurt some of Fabrinet's optical communications business, while the industrial laser market is expected to slow down in the near term. The stock, on track for the biggest one-day drop since August 2014, has lsot 8.3% year to date, while the SPDR Technology Select Sector ETF has rallied 28% and the S&P 500 has gained 16%.
Stock futures: About a dozen states reportedly plan a Big Tech antitrust probe, likely ensnaring Apple, Facebook, Amazon and Google. Baidu, spinoff iQiyi and Fabrinet moved on earnings.
Fabrinet (FN) delivered earnings and revenue surprises of 7.53% and 1.17%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Fabrinet shares dove in extended trading Monday after the fiber-optics company suggested its first-quarter performance will not live up to analysts' expectations. In a fiscal fourth-quarter earnings report, Fabrinet on Monday afternoon reported net income of $33 million, or 88 cents a share, on sales of $405.1 million, up from $345.3 million a year before. After adjusting for stock-based compensation and other effects, the company claimed earnings of $1 a share, up from 81 cents a share in the same quarter the prior year. Analysts on average expected adjusted earnings of 94 cents a share on sales of $400 million, according to FactSet. For the first quarter of its new fiscal year, though, Fabrinet guided for a sequential decline, with adjusted earnings of 80 cents to 84 cents a share on sales of $386 million to $394 million. Analysts on average were expecting adjusted earnings of 95 cents a share on sales of $407 million, according to FactSet. After closing with a 1.6% advance at $56.46, shares were selling for less than $50 a share in after-hours trading Monday.
BANGKOK-- -- Fiscal Year 2019 Revenue Increases 15% from Fiscal Year 2018 GAAP and Non-GAAP Net Income Grow 44% and 26%, Respectively Cash Flow From Operations of $147.4 Million Up 7% From Prior Year Fabrinet , a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today ...
NEW YORK, NY / ACCESSWIRE / August 19, 2019 / Fabrinet (NYSE: FN ) will be discussing their earnings results in their 2019 Fourth Quarter Earnings to be held on August 19, 2019 at 5:00 PM Eastern Time. ...
Fabrinet (NYSE: FN ) announces its next round of earnings this Monday, August 19. Here is Benzinga's everything-that-matters guide for the Q4 earnings announcement. Earnings and Revenue Analysts predict ...
Fabrinet (FN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Fabrinet , 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 its fourth quarter and fiscal-year 2019 financial results for the period ended June 28, 2019 after market close on Monday, August 19, 2019.
NeoPhotonics Corp. led optical-networking stocks higher on Monday, though the shares gave back more than half of their gains in the session.
Fabrinet NYSE:FNView full report here! Summary * Bearish sentiment is low * Economic output in this company's sector is contracting Bearish sentimentShort interest | PositiveShort interest is extremely low for FN with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting FN. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold FN had net inflows of $429 million over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managersâ€™ Index (PMI) data, output in the Industrialsis falling. The rate of decline is very significant relative to the trend shown over the past year, and is accelerating. The rate of contraction may ease in the coming months, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to firstname.lastname@example.org.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Fabrinet , a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufact
Huawei doesn't buy equipment from Fabrinet directly but does so indirectly through Lumentum Holdings Inc (NASDAQ: LITE), Henderson wrote in a note. Fabrinet's management said it's "trying to determine" its exposure to Huawei but the analyst says there's enough public information to assume Fabrinet's sales exposure to Huawei is between 7 percent to 10 percent.
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