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 incre ...

Core Viewpoint - Fabrinet is set to release its financial results for the first quarter of fiscal year 2025 on November 4, 2024, after market close, with a conference call scheduled for the same day to discuss the results [1]. Company Overview - Fabrinet is a leading provider of advanced optical packaging and precision manufacturing services, catering to original equipment manufacturers of complex products, including optical communication components, automotive components, medical devices, and industrial lasers [2]. - The company offers a comprehensive range of capabilities throughout the manufacturing process, including process design, supply chain management, advanced packaging, integration, and testing [2]. - Fabrinet operates engineering and manufacturing facilities in Thailand, the USA, China, and Israel, focusing on high complexity products in various mixes and volumes [2].

Fabrinet (NYSE: FN ) continues its ascent in 2024 as a stock market darling with the power of Nvidia ( NVDA ) behind it. The stock has been on a run, with gains so far in 2024 I am focused on Canadian stocks, Technology and growth stocks. The key to long term returns are disruptive companies that change the landscape of their industry. I also focus on Mid-Cap companies with strong management and high growth to attain alpha. I buy swing positions as well for quality companies when they return to their longer ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

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 ...