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Record Second Quarter Revenue and Earnings Per Share Above Guidance Ranges Record Second Quarter Revenue and Earnings Per Share Above Guidance Ranges
One story is driving stocks across the AI space higher today: the announcement of ‘Project Stargate.
BANGKOK, Thailand, Jan. 17, 2025 (GLOBE NEWSWIRE) -- Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release financial results for the second quarter of fiscal year 2025, which ended December 27, 2024, after market close on Monday, February 3, 2025. On that day, management will hold a conference call and webcast at 5:00 p.m. EST to review and discuss the Company's results.
Fabrinet FN is at the crossroads of a powerful growth catalyst and a brewing short squeeze.
Fabrinet, supported by Nvidia, offers a low-risk investment in datacenter and optical communication manufacturing, now attractively priced at $233 amid solid revenue growth. Fiscal Q4 saw record revenue of $753.3 million, driven by AI applications and Nvidia's production ramp-up, with 34% EPS growth. The company has no debt, a $200 million buyback program, and $858 million in net cash, providing flexibility for future investments.
Fabrinet (FN) possesses solid growth attributes, which could help it handily outperform the market.
The consensus price target hints at a 25.8% upside potential for Fabrinet (FN). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Fabrinet (FN) possesses solid growth attributes, which could help it handily outperform the market.
The specialty electronics maker unveiled its final set of quarterly figures for fiscal 2024. These crushed analyst estimates for both revenue and profitability.
While the top- and bottom-line numbers for Fabrinet (FN) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.