Fabrinet ( (FN) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Fabrinet’s stock movement is influenced by its impressive Q1 revenue of $978.13M, surpassing expectations due to robust telecom performance and High-Performance Computing contributions. The company projects even higher revenue for Q2, between $1.05B and $1.10B, which is above market consensus, fueling optimism about its growth prospects.
More about Fabrinet
YTD Price Performance: 99.92%
Average Trading Volume: 671,337
Technical Sentiment Signal: Buy
Current Market Cap: $15.78B
For further insights into FN stock on TipRanks’ Stock Analysis page.
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