Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Fabrinet (NYSE: FN ) rose nearly 23% in early trading before closing up 17.6% for the day. Investors cheered the company's fourth-quarter results.
So what: Revenue for the Bangkok-based provider of complex manufacturing services rose 21% to $190.3 million while adjusted profit rose 14% to $0.50 a share.
Now what: Analyst estimates weren't available at Yahoo! Finance, but we know at least one Wall Street firm was impressed. JP Morgan upgraded the stock to "overweight" from "neutral" and set a near-term price target of $21.50 a share, theflyonthewall.com reported. Do you agree with that assessment? Would you buy shares of Fabrinet at these levels? Weigh in using the comments box below.
Interested in more info on Fabrinet?Add it to your watchlist.