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Fabrinet rides on surging AI data-center demand, with strong DCI, HPC and transceiver growth supporting its push against optical rivals.
Fabrinet (NYSE: FN - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the ten brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages
The mean of analysts' price targets for Fabrinet (FN) points to a 64.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The disposition involved 3,865 direct shares with an estimated value of ~$1.7 million based on a weighted average price of $436.67. The transaction represented 7% of the insider's previous direct equity holdings in the company.
Fabrinet (NYSE: FN) executives said demand across data center interconnect, datacom, automotive and industrial markets remains strong, with the company expanding manufacturing capacity to support what Chairman and CEO Seamus Grady described as substantial multi-year growth opportunities. Speaking at Rosenblatt Securities' "The Age of AI" conference following the company's earnings report, Grady said data center interconnect,
Fabrinet beat on its fourth quarter earnings report. The company also guided above consensus for the current quarter.
Fabrinet NYSE: FN executives said demand across data center interconnect, datacom, automotive and industrial markets remains strong, with the company expanding manufacturing capacity to support what Chairman and CEO Seamus Grady described as substantial multi-year growth opportunities.
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