QUOTE AND NEWS
SeekingAlpha  Jun 27  Comment 
Motley Fool  Jun 26  Comment 
The optics specialist surged on a bullish analyst note.
SeekingAlpha  Jun 26  Comment 
Benzinga  Jun 1  Comment 
The valuation of Fabrinet (NYSE: FN) led JPMorgan to add the tech manufacturer to the firm's focus list Thursday. JPMorgan has an Overweight on Fabrinet and raised their price target on the stock from $55 to $57. “We believe the recent...
Motley Fool  May 9  Comment 
The precision optical process technologies company jumped after posting solid quarterly results.




 
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Fabrinet (FN) (NYSE:FN) is an optics and electronic manufacturing service provider for OEMs of products, such as optical communication components and modules. It offer services in process engineering, design, supply chain management, manufacturing, final assembly and test. Its customers include 4 of the top 6 largest optical communications components companies. Its customer base consists of Coherent, Inc., EMCORE Corporation, Finisar Corporation, Infinera Corporation, and others. [1]

Demand for optical communications components and modules depend on the development of optical communications infrastructure and carriers and enterprises expanding their network. According to research firm Ovum-RHK, annual sales for global optical communications components and modules market was $3.1 billion in 2009. It is expected to increase to $5.2 billion by 2014. The increase in carrier’s network expansion is from the high network use and rising demand for higher bandwidth capacity. [1]

The company's initial public offering of stock filed on the NYSE. The initial price offer range is $12-$14. The company plans to sell 8.5 million shares and raise $111 million. [1]

For the last nine months ended on 26 March 2010, the company had $348.3 million in total revenue, down 2.9% from $358.7 million in total revenue for the last nine months ended on 27 March 2009. [1]

References

  1. 1.0 1.1 1.2 1.3 Fabrinet S-1/A
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