Fabrinet (FN) Tops Q2 EPS by 4c, Q3 Guidance Tops Views
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February 2, 2016 8:36 AM EST
Piper Jaffray analyst, Troy Jensen, thinks that the theme of growth in optical communications (driven by 100G Datacom and telecom upgrades) is showing signs of significant acceleration after Fabrinet's (NYSE: FN) earnings results. No change to Overweight rating but the price target increases to $33 from $29.
Fabrinet reported an outstanding quarter with revenues, margins and EPS all coming in above consensus estimates,... More
February 2, 2016 6:53 AM EST
Needham & Company reiterated a Buy rating on Fabrinet (NYSE: FN), and raised the price target to $32.00 (from $28.00), following the company's 4Q earnings report. Overall Revenues came in up 24% as Reported and 29% excluding One-Time Consignment Revenues in the year-ago period. For the March quarter, Fabrinet... More
