Needham & Company Raises Price Target on Fabrinet (FN) to $32 Post 4Q Beat and Raise
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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 1, 2016 4:21 PM EST
Fabrinet (NYSE: FN) reported Q2 EPS of $0.50, $0.04 better than the analyst estimate of $0.46. Revenue for the quarter came in at $233 million versus the consensus estimate of $220.75 million.
GUIDANCE:
Fabrinet sees Q3 2016 EPS of $0.52-$0.54, versus the consensus of $0.45. Fabrinet sees Q3... More
February 1, 2016 8:21 AM EST
Piper Jaffray reiterated an Overweight rating and $29.00 price target on Fabrinet (NYSE: FN) ahead of the company's 2Q earnings report. Fabrinet is slated to report results after the close on February 1. Piper Jaffray anticipates that the company will beat consensus and guide up for the March quarter.... More
January 29, 2016 3:39 PM EST
The Trading Radar highlights key earnings and economic announcements for the next trading session:
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Economics:
8:30am EST
PCE Prices: - no Street consensusPersonal Income - no Street consensusPersonal Spending - no Street consensus
Earnings:
Aetna (NYSE: AET) - consensus EPS $1.21
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