Why Fabrinet Stock Flopped Today
The market wasn't seeing great value in optical equipment specialist (NYSE: FN) on Tuesday. Some investors traded out of the stock aggressively on the back of the company's latest quarterly earnings release. The shares lost more than 7% of their value on a day when the damage to the S 500 index was limited to a 0.8% slump.
For its fiscal third quarter of 2025, Fabrinet's revenue rose by 19% year over year to $871.8 million. That was more than good enough to top not only the company's own guidance, but the average $858.3 million consensus analyst estimate.
Image source: Getty Images.
Source Fool.com
Fabrinet Stock
?
1.710%
With 12 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
On the other hand, the target price of 270 € is below the current price of 298.4 € for Fabrinet, so the potential is actually -9.52%.
