Professional
Added to YB: 2024-11-21
Pitch date: 2024-11-20
FN [bearish]
Fabrinet
-142.37%
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, and Europe.
Market Cap
$17.8B
Pitch Price
$212.00
Price Target
178.00 (-65%)
Dividend
N/A
EV/EBITDA
38.48
P/E
47.62
EV/Sales
4.33
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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