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Fabrinet shares fell roughly 12% on Tuesday even after the optical components manufacturer topped consensus estimates for its fiscal fourth-quarter results. The drop wiped out gains the stock had logged earlier in the year and came amid broader concerns about softening demand across the datacom market. Needham & Co. attributed the sell-off to evidence of a slowdown in datacom orders tied to lingering supply-chain constraints. Still, the brokerage kept its Buy rating on the stock and reiterated a $350 price target, arguing that Fabrinet remains well positioned as a key supplier of high-speed optics used in artificial-intelligence data centers.
Fabrinet beat expectations but sold off anyway. We explain why investors may be missing the real story. https://t.co/LJMGsiQJta $FN 🎙️ @DrillDownPod #DrillDownEarnings #Fabrinet
Fabrinet isn’t just contract manufacturing—it’s the backbone of AI interconnect. A closer look at what the Street missed. https://t.co/Yd5mdxqC5W $FN 🎙️ @DrillDownPod #DrillDownEarnings #Fabrinet
I think long $HPE / short $DELL works here: - $DELL margins mismodeled due to AI server, core biz of storage + server suffering from some flavor of pull-in and PC under competitive pressure too in 2H (though may beat 2Q) - $HPE literally just faceplanted and has a budding AI https://t.co/ebh7mW0BJv
