Fabrinet (FN): Cheap Way To Play ROADM Demand - Needham

October 31, 2016 7:23 AM EDT
Get Alerts FN Hot Sheet
Price: $36.96 -0.22%

Rating Summary:
    8 Buy, 1 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 22 | New: 54
Trade FN Now!
Join SI Premium – FREE

Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial here.

Needham & Company analyst, Alex Henderson reiterated his Buy rating on shares of Fabrinet (NYSE: FN) and raised his price target to $56.00 (from $54.00) ahead of earnings.

The analyst expects FN to deliver 30-40% growth in CY17 and CY18 with gradually expanding GMs and Operating Margins. He sees FN as an inexpensive way to participate in the strong growth at ACIA, which is ramping production at FN as well as a great way to participate in the surge in ROADM demand as LITE's ROADMs are manufactured there.

For an analyst ratings summary and ratings history on Fabrinet click here. For more ratings news on Fabrinet click here.

Shares of Fabrinet closed at $37.80 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS Change, Analyst PT Change

Related Entities

Needham & Company, Earnings

Add Your Comment