On June 12, Fabrinet rose 5.09% in regular trading, trading at approximately $610.64/share, with turnover of $1.1 billion.
The rebound comes after the stock experienced a significant pullback following its fiscal Q3 earnings report. While the company posted record-high revenue of $1.21 billion and EPS growth of 47.6% year-over-year, relatively cautious forward guidance and upstream component shortages limiting Datacom shipments weighed on sentiment. Since the earnings release, shares had fallen from approximately $679 to around $582, representing a cumulative decline exceeding 14%, creating conditions for an oversold technical bounce.
Within the Electronic Manufacturing Services sector, the broader group traded higher, with TTM Technologies up 3.4%, Celestica up 2.08%, Jabil Circuit up 1.97%, and TE Connectivity up 1.29%, while Flex Ltd declined 0.94%. Sector recovery combined with prior oversold repair demand jointly supported the rebound in Fabrinet shares.
(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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