FN
Has been on the watchlist for some time as a result of the mauling it took in the may selloff. It has since recovered and we think it offers a good low rick long trade Into earnings on the 19th AUG.
Technically it is set up bullish having failed, reset, and now broke through the golden pocket FIB restsiatnce.
AVERAGE ANALYSTS PRICE TARGET $59
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATIO 19
SHORT INTEREST 3.4%
COMPANY PROFILE
Fabrinet engages in the provision of optical packaging and electronic manufacturing services to original equipment manufacturers. The firm's engineering services include process design, failure analysis, reliability testing, tooling design, and real-time traceability system. Its manufacturing operations offer sensors, subsystems, customized optics, and optical modules and components. The company was founded by David Thomas Mitchell on August 12, 1999 and is headquartered in George Town, Cayman Islands.