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FN

Fabrinet

$60.11

-1.905 (-3.07%)

, INFN

Infinera

$4.41

-0.01 (-0.23%)

05:34
05/07/19
05/07
05:34
05/07/19
05:34

Fabrinet target raised to $69 on 'impressive' results at Piper Jaffray

Piper Jaffray analyst Troy Jensen raised his price target for Fabrinet (FN) to $69 from $67 saying the company reported "impressive" March quarter results with revenue and earnings "comfortably" beating consensus expectations. Demand for telco optics remained strong in the quarter and the company is now turning modestly more upbeat regarding second half of the year strength for datacom optics, Jensen tells investors in a research note. Further, Fabrinet also announced a material win with Infinera (INFN), adds the analyst. He reiterates an Overweight rating on the shares.

FN

Fabrinet

$60.11

-1.905 (-3.07%)

INFN

Infinera

$4.41

-0.01 (-0.23%)

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    Jun

FN Fabrinet
$60.11

-1.905 (-3.07%)

05/06/19
NEED
05/06/19
NO CHANGE
Target $70
NEED
Buy
Lumentum, Fabrinet price targets raised at Needham
Needham analyst Alex Henderson raised his price targets on Buy-rated Lumentum (LITE) to $70 from $65 and Fabrinet (FN) to $68 from $62 ahead of their earnings, saying he is "modestly" more positive on the stocks going into the print. For Lumentum, the analyst believes the company can benefit from strong demand and constrained capacity trends for ROADMs along with positive regional deployment activity in China that was also signalled by Inphi (IPHI) and Acacia Communications (ACIA) results. For Fabrinet, Henderson expects a solid guidance for Q2, with strong Telecom business offsetting any potential weakness in Data Comm segment.
03/28/19
PIPR
03/28/19
NO CHANGE
Target $67
PIPR
Overweight
Fabrinet price target raised to $67 from $63 at Piper Jaffray
Piper Jaffray analyst Troy Jensen raised his price target for Fabrinet (FN) to $67 from $63 and reiterates an Overweight rating on the shares. The analyst continues to believe Fabrinet is one of the better optical stocks to own. Fabrinet is likely going to see near-term upside given the strength in telco optics and slightly improving trends in datacom, Jensen tells investors in a research note. He also thinks the company's silicon photonics exposure will provide a "sustained tailwind" for growth with Intel (INTC) "disrupting the datacom transceiver market." Jensen increased his estimates to the upper end of Fabrinet's guidance.
02/05/19
PIPR
02/05/19
NO CHANGE
Target $63
PIPR
Overweight
Fabrinet reported another 'impressive' quarter, says Piper Jaffray
Fabrinet reported another quarter with "impressive results and comfortably exceeded expectations," Piper Jaffray analyst Troy Jensen tells investors in a post-earnings research note. The analyst raised his price target for the shares to $63 from $61 and reiterates an Overweight rating on the name. The company's focused business model has been outgrowing the optical component market, adds the analyst. He believes Fabrinet is one of the best positioned stocks in his coverage universe. The strength in Telco optics will sustain in 2019 given the pending 5G rollouts and upcoming 400G product cycles, says Olson, who remains a buyer of the stock with an Overweight rating.
01/24/19
PIPR
01/24/19
NO CHANGE
Target $51
PIPR
Overweight
Fabrinet price target raised to $61 from $56 at Piper Jaffray
Piper Jaffray analyst Troy Jensen believes Fabrinet will report December quarter results above consensus expectations and provide "favorable" March quarter guidance given the strength in telco optics and improving trends in datacom. He also believes Fabrinet's silicon photonics exposure will provide a "sustained tailwind for growth." The analyst raised his estimates and would be a buyer of the stock at current levels. Jensen boosted his price target for Fabrinet shares to $61 from $56 and reiterates an Overweight rating on the name.
INFN Infinera
$4.41

-0.01 (-0.23%)

03/28/19
UBSW
03/28/19
NO CHANGE
Target $64
UBSW
Buy
Acacia Communications price target raised to $64 from $56 at UBS
UBS analyst Tejas Venkatesh raised his price target on Acacia Communications (ACIA) to $64 and kept his Buy rating, citing his increased confidence in the company's growth. The analyst points to the company's "concurrent product cycles" being in the early stages, its rising cloud market content, and its "new data center interconnect customers like Cisco (CSCO) and Infinera (INFN)". Venkatesh contends that Acacia Communications can achieve 2019 EPS of $1.80 vs. the current consensus of $1.50.
03/27/19
MSCO
03/27/19
NO CHANGE
MSCO
Morgan Stanley upgrades Lumentum, downgrades Acacia in optical ratings shake up
As previously reported, Morgan Stanley analyst Meta Marshall upgraded Lumentum (LITE) to Overweight from Equal Weight and downgraded Acacia Communications (ACIA) to Underweight from Equal Weight as she believes thematic transitions in the optical sector are being misvalued in the market. On Lumentum, she thinks 3D sensing estimates should be reset and believes the remainder of the year presents more opportunity for upside. Marshall raised her price target on Lumentum shares to $65 from $55. On Acacia, Marshall thinks investors are over-extrapolating its earnings power and not assigning enough risk to customer concentration. However, the analyst raised her price target on Acacia shares to $44 from $38, noting that she is early with her downgrade and believes the company could "post meaningful beats" in the next 6-9 months. Outside of these two outlier ratings, Marshall has an Equal Weight rating on optical components providers Infinera (INFN), II-VI (IIVI) and Ciena (CIEN).
03/11/19
MKMP
03/11/19
UPGRADE
Target $6
MKMP
Buy
Infinera upgraded to Buy from Neutral at MKM Partners
MKM Partners analyst Michael Genovese upgraded Infinera to Buy from Neutral with a $6 price target following a "very upbeat" meeting with the company's CFO in San Diego last week. In a research note to investors, Genovese says it sounds like Infinera's order book, new wins and pipeline have all significantly improved recently and thinks the risk-reward for 2019 is skewed very positively with little downside on misses and a lot of upside if the company makes this year's numbers. The stock is very inexpensive, Genovese contends, and says fundamentals should be steadily improving in 2019.
03/11/19
MKMP
03/11/19
UPGRADE
MKMP
Buy
Infinera upgraded to Buy from Neutral at MKM Partners

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Lowe's

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MNK

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Philip Morris

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Sea Limited

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Options
Sea Limited options imply 14.3% move in share price post-earnings, above median historical move »

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AAPL

Apple

$187.49

4.43 (2.42%)

14:31
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CC

Chemours

$23.77

1.35 (6.02%)

14:30
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5K Chemours Oct 16 - 20 put spreads bought for 92c as shares rally »

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QRVO

Qorvo

$62.14

0.84 (1.37%)

14:22
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PED

PEDEVCO Corp.

$2.02

-0.06 (-2.88%)

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PED

PEDEVCO Corp.

$2.02

-0.06 (-2.88%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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MSFT

Microsoft

$127.09

0.9 (0.71%)

, AAPL

Apple

$187.52

4.46 (2.44%)

14:15
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Periodicals
Microsoft cuts Huawei laptop from store, Verge says »

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MSFT

Microsoft

$127.09

0.9 (0.71%)

AAPL

Apple

$187.52

4.46 (2.44%)

HPQ

HP Inc.

$19.55

0.6 (3.17%)

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BCRX

BioCryst

$3.45

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XRX

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YELP

Yelp

$32.36

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PED

PEDEVCO Corp.

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CIR

Circor

$42.87

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PYDS

Payment Data Systems

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FLR

Fluor

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GOOD

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CIR

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, CR

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