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FN

Fabrinet

$44.00

0.365 (0.84%)

16:17
08/20/18
08/20
16:17
08/20/18
16:17

Fabrinet sees Q1 adjusted EPS 80c-83c, consensus 79c

Sees Q1 revenue $347M-$355M, consensus $348.21M.

  • 20

    Aug

  • 04

    Sep

FN Fabrinet
$44.00

0.365 (0.84%)

08/16/18
RILY
08/16/18
NO CHANGE
Target $50
RILY
Buy
Fabrinet price target raised to $50 from $40 at B. Riley FBR
B. Riley FBR analyst Dave Kang maintained a Buy rating on Fabrinet (FN) and raised his price target for shares to $50 from $40 ahead of the company's Q4 earnings on August 20, which he expects will be above consensus, as the latest industry data indicates that optical demand continues to improve after a 2017 correction. Kang says he remains a buyer into the print, and that Fabrinet should get a boost with the ban on ZTE (ZTCOY) lifted.
07/18/18
PIPR
07/18/18
NO CHANGE
PIPR
Piper 'incrementally more upbeat' on Optical sector into earnings
Piper Jaffray analyst Troy Jensen is "incrementally more upbeat" on the Optical sector and believes investors "need to revisit the group" ahead of the June quarter earnings results. The set up for traditional optical component suppliers has improved with the industry now five quarters into the correction that started in March 2017, Jensen tells investors in a research note. This has created easy comps while growth rates should accelerate in the second half of 2018, the analyst adds. His favorite Overweight-rated names are Lumentum (LITE), II-VI (IIVI) and Fabrinet (FN). Jensen remains Neutral on Applied Optoelectronics (AAOI), Acacia Communications (ACIA), Infinera (INFN), NeoPhotonics (NPTN) and Oclaro (OCLR).
06/14/18
NEED
06/14/18
NO CHANGE
Target $45
NEED
Strong Buy
Fabrinet price target raised to $45 from $40 at Needham
Needham analyst Alex Henderson raised his price target on Fabrinet (FN) to $45 and kept his Strong Buy rating, saying the company is positioned for a rebound in sales to customers selling to ZTE( ZTCOY) while also benefiting from strong optical demand from the "metro core and ROADM intensive architectures". The analyst also anticipates an acceleration in Fabrinet's industrial laser business as well as an improved FX dynamic following two years of exchange rate pressure on the Thai Baht.
05/30/18
05/30/18
DOWNGRADE

Market Perform
Fabrinet downgraded to Market Perform on customer concentration at Northland
As previously reported, Northland downgraded Fabrinet (FN) to Market Perform from Outperform with a $33 price target. Analyst Tim Savageaux sees increased risks of material manufacturing insourcing from Lumentum (LITE), its largest customer, as well as customer concentration from the Lumentum/Oclaro merger, which will result in 20-25% customer concentration.

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