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FN

Fabrinet

$39.37

-0.715 (-1.78%)

15:04
08/21/17
08/21
15:04
08/21/17
15:04

Fabrinet options imply 11.0% move in share price post-earnings, above median historical move

Pre-earnings options volume in Fabrinet is 1.4x normal with calls leading puts 7:6. Implied volatility suggests the market is anticipating a move near 11.0%, or $4.33, after results are released. Median move over the past eight quarters is 7.7%.

  • 21

    Aug

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  • 05

    Sep

FN Fabrinet
$39.37

-0.715 (-1.78%)

07/20/17
BWSF
07/20/17
NO CHANGE
Target $25
BWSF
Sell
Applied Optoelectronics to lose some Amazon orders in Q4, says BWS Financial
BWS Financial analyst Hamed Khorsand believes Applied Optoelectronics (AAOI) provided warning in its latest press release that its 40G business will erode in the latter part of the year. Language in the press release comes after Fabrinet (FN) stated that it is ramping a line of 100G for Amazon.com (AMZN), a 56% Applied Optoelectronics customer in Q1, Khorsand tells investors in a research note. The analyst says he learned from industry sources that shipments would begin in Q4, implying Applied Optoelectronics would begin losing some orders from Amazon. Khorsand remains confident being short the stock despite last week's positive preannouncement. He keeps a Sell rating on the shares with a $25 price target. Applied Optoelectronics in afternoon trading is up 79c to $93.33.
06/26/17
NEED
06/26/17
NO CHANGE
NEED
Needham says Applied Optoelectronics competition with Ma-Com expected
Following the finding that Fabrinet (FN) is ramping a CDWM 100G product for Amazon Web Services (AMZN) using MACOM's (MSTI) design and components, Needham analyst Alex Henderson noted that he had expected head-to-head competition with MACOM when started coverage of Applied Optoelectronics (AAOI), though he adds that he hadn't expected it would be at AWS. He still believes Applied Optoelectronics will "solidly beat and raise over the next year" and keeps a Strong Buy rating and $85 price target on the stock, which is down 4% to $63.24 in early trading.
06/26/17
NEED
06/26/17
NO CHANGE
Target $60
NEED
Strong Buy
Fabrinet price target raised to $60 on Amazon, Tesla opportunities at Needham
Following two days of meetings with Fabrinet (FN), Needham analyst Alex Henderson said he came away more confident and upbeat on the stock, noting that the company has landed Amazon Web Services (AMZN) as a new cloud customer and Tesla (TSLA) is using Fabrinet to build cameras for its new car line. He keeps a Strong Buy rating on Fabrinet and raised his price target on the stock to $60 from $56.
06/01/17
JPMS
06/01/17
NO CHANGE
Target $57
JPMS
Overweight
Fabrinet added to Focus List at JPMorgan
JPMorgan analyst Paul Coster added Fabrinet to his firm's Focus List and raised his price target for the shares to $57 from $55. The analyst believes the recent selloff presents an attractive entry point and that concerns over slowing Chinese demand are now priced into the shares. Fabrinet benefitting from multi-year optical upgrade cycle, Coster tells investors in a research note. He keeps an Overweight rating on the name.

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