Fabrinet Stock Dips 5% in 3 Months: What Should Investors Do?
Fabrinet(FN) ZACKS·2024-12-28 03:10
Fabrinet’s (FN) shares have lost 5.2% in the past three months, underperforming the broader Zacks Computer & Technology sector’s growth of 9.5% and the Zacks Electronics - Miscellaneous Components industry’s decline of 3.9%.FN's underperformance resulted from lower revenues from non-speed-rated optical communications products in first-quarter fiscal 2025, and an unexpected shift in Datacom's revenue mix between 400 gig and 800 gig transceivers.Also, a $7-million loss from the stronger Thai baht against the ...