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Fabrinet (FN) provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors.
It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test.
The companys products comprise selective switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths speeds, and over various distances; tunable transponders and transceivers; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as Infiniband, Ethernet, fiber channel, and optical backplane connectivity.
It also offers solid state, diode-pumped, gas, and fiber lasers used across various industries, including semiconductor processing, biotechnology and medical device, metrology, and material processing; and sensors, such as differential pressure, micro-gyro, fuel, and other sensors used in automobiles, as well as non-contact temperature measurement sensors for the medical industry.
In addition, the company designs and fabricates application-specific crystals, lenses, prisms, mirrors, and laser components and substrates, as well as other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products. It operates in North America, the Asia-Pacific, and Europe.
Shares are heading higher in an upward "trading channel" and higher share prices are expected for this stock.
52-Weeks Trading Range: $17.71 - $39.05
Entry Point: $37.12
Stop Loss: $35.35
Target Price: $40.85
FN closed at $40.81.
