December 2, 2017 – By Ellis Scott
Sentiment for Fabrinet (NYSE: FN)
Fabrinet (NYSE: FN) sentiment institutional decreased to 0.96 in 2017 Q2 . It's down -0.61, from 1.57 in 2017Q1. The relationship worsened, as 106 investment professionals increased and opened new capital positions, while 110 reduced and sold their capital positions in Fabrinet. The investment professionals in the database of our partner reported: 33.21 million shares, compared to 32.97 million shares in 2017Q1. In addition, the number of investment professionals who maintained Fabrinet in its top 10 capital positions decreased from 5 to 4 for a decrease of 1. All was sold: 45 Decreased: 65 Increased: 75 New position: 31.  Fabrinet offers optical packaging and precision optical, electromechanical and electronic manufacturing services for original equipment manufacturers of optical communication components, modules and subsystems, industrial lasers, medical devices and sensors. The company has a market capitalization of $ 1.18 billion. It offers a range of optical and electromechanical capabilities throughout the manufacturing process, including design and process engineering, supply chain management, manufacturing, badembly of printed circuit boards, packaging, integration, badembly final and the test. It has a P / E ratio of 12.24. The company's products include switching products, such as optional reconfigurable multiplexers, optical amplifiers, modulators and other optical components and modules that allow network administrators to route voice, video and data communications traffic over fiber optic cables at various wavelengths and speeds and at various distances; lasers, transceivers and tunable transponders; and active optical cables, which provide high-speed interconnection capabilities for data centers and compute clusters, as well as Infiniband connectivity, Ethernet, fiber channel and optical backplane.
The stock declined 1.44% or $ 0.46 during the last session, reaching $ 31.45. Around 515,183 shares traded or 8.64% above average. Fabrinet (NYSE: FN) has risen 8.67% since December 2, 2016 and is trending upward. It has had a performance below 8.03% of the S & P500.
Analysts expect Fabrinet (NYSE: FN) to report earnings on February 5. They expect earnings of $ 0.46 per share, 31.34% or $ 0.21 last year $ 0.67 per share. The FN gain will be $ 17.29M for 17.09 P / E if EPS of $ 0.46 becomes reality. After real earnings per share of $ 0.55 reported by Fabrinet for the previous quarter, Wall Street now forecasts a negative EPS growth of -16.36%.
Neumeier Poma Investment Counsel Llc holds 3% of its portfolio in Fabrinet for 603,835 shares. Quentec Asset Management Llc owns 903,092 shares or 2.96% of its portfolio in the United States. In addition, Whale Rock Capital Management Llc has 2.65% invested in the company for 888,013 shares. Paradigm Capital Management Inc Ny, based in New York, has invested 2.49% in the share. Herald Investment Management Ltd, a fund based in the United Kingdom, reported 166,000 shares. # Img1 #
Fabrinet (NYSE: FN) Rating Coverage
Rating badysis reveals that 71% of Fabrinet badysts are positive. Of the 7 Wall Street badysts who qualify to Fabrinet, 5 give it the rating of "Buy" or "Sell", while 2 recommend "Keep". The lowest goal is $ 23 while the maximum is $ 60. The average goal of the action of $ 46.31 is 47.25% above the price of today's stock ($ 31.45). FN was included in 36 badysts' notes since August 14, 2015. The firm has a "Purchase" rating granted on Tuesday, August 22 by Northland Capital. Northland Capital maintained the shares with a "Buy" rating in the report on Thursday, September 28. Needham maintained the rating of Fabrinet (NYSE: FN) on Wednesday, December 16. Needham has a "Buy" rating and a target of $ 28. The stock has an "overweight" rating by JP Morgan on Friday, May 27. Stifel Nicolaus kept it with the "Buy" rating and with a goal of $ 48.0 in the report on Monday, August 21. Needham held Fabrinet (NYSE: FN) on Tuesday, September 5, with the "Buy" rating. Needham updated his "strong purchase" rating and his goal of $ 56 in the report on Tuesday, January 17. On Tuesday, August 16, the rating of the shares was maintained by JP Morgan with "Overweight". The shares of Fabrinet (NYSE: FN) have a "Purchase" rating granted on Monday, August 21 by Piper Jaffray. The stock has a "Buy" rating by Stifel Nicolaus on Tuesday, February 7.
Latest news from Fabrinet (NYSE: FN) published by Businesswire.com that published: "Fabrinet announces the financial results for the first quarter of fiscal year 2018" on November 6, 2017, also Seekingalpha.com with its article: "Fabrinet deserves a higher multiple" published on November 10, 2017, Finance.Yahoo.com published: "Garmin, Fabrinet, Salesfore.com, Hewlett Packard Enterprise and Deere …" On November 20, 2017. More news interesting about Fabrinet (NYSE: FN) were published by: Seekingalpha.com and its article: "Seamus Grady, CEO of Fabrinet (FN) in Q1 2018 Results – Transcript of the call" published on November 7, 2017, as well as the article News from Streetinsider.com entitled: "JPMorgan lowers the rating of Fabrinet (FN) to Neutral" with publication date: November 7, 2017.
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