Fabrinet rises after strong Q4, upbeat forecast

Fabrinet

17/08/2021 16:34

** Shares of optical equipment maker  FN.N  up 6.3% at
$95.13
    ** Co on Monday after market reported Q4 rev of $509.6
million, beating Refinitiv IBES estimates of $487.5 mln
    ** Qtr helped by strength in co's telecom business
    ** Q4 adj profit per share also topped estimates
    ** Co forecast Q1 rev in the range of $510 mln-$530 mln,
above expectations of $491.5 mln
    ** At least 3 brokerages raise PTs after the results
    ** Current avg recommendation of 6 analysts on stock is
"buy"; Median PT is $105
    ** Stock up 22.6% YTD, including session's gains

 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))