On June 15, Fabrinet rose 5.6% in regular trading, trading at $628.14/share, with turnover of $54.60 million. On the news front, U.S.-listed optical communication stocks extended a collective rally, with Marvell Technology, Coherent, and Lumentum all advancing in tandem, creating significant sector linkage effects.
Fabrinet had previously reported fiscal Q3 revenue of $1.21 billion and EPS growth of 47.6% year-over-year, both reaching record highs. However, relatively cautious forward guidance combined with upstream component shortages limiting Datacom shipments triggered a sustained pullback from approximately $679 to around $582, representing a cumulative decline exceeding 14%. The current rebound reflects oversold recovery demand following this extended correction.
Within the Electronic Manufacturing Services sector, the overall tone was positive. Among individual stocks, TTM Technologies rose 4.35%, TE Connectivity rose 3.37%, Jabil Circuit rose 1.47%, and Celestica rose 1.28%, with broad sector recovery momentum supporting the bounce in Fabrinet.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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