Professional
Added to YB: 2024-11-21
Pitch date: 2024-11-20
FN [bearish]
Fabrinet
-81.7%
current return
Author Info
No bio for this author
Company Info
Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services in North America, the Asia-Pacific, Europe, and internationally.
Market Cap
$16.4B
Pitch Price
$212.00
Price Target
178.00 (-54%)
Dividend
N/A
EV/EBITDA
29.05
P/E
34.97
EV/Sales
3.34
Sector
Electronic Equipment, Instruments and Components
Category
N/A
B. Riley Downgrades Fabrinet (FN) to Sell, Lowers Price Target to $178
FN: B.Riley downgrades to Sell, PT $178. NVDA GPU unbundling trend threatens optics biz. AMZN shift to self-build platforms, MSFT/META may follow. Impacts FN via Mellanox. 16x cash-adj P/E on FY26 EPS. Risks to optics revenue as major cloud players change purchasing model.
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