Latest news with #GeorgeWang
Yahoo
29-05-2025
- Automotive
- Yahoo
Barclays Analyst Highlights Continued Telecom Strength for Fabrinet (NYSE:FN)
Barclays analyst George Wang recently lowered the price target on Fabrinet (NYSE:FN) to $234 from $245 and kept an Equal Weight rating on the shares. Fabrinet offers optical packaging, along with precision optical, electro-mechanical, and electronic manufacturing services. In an investor note, the analyst noted that the company reported solid fiscal Q3 results, though they were overshadowed by softer Datacom despite continued Telecom strength. The advisory sensed that the 1.6T cycle timing was slightly shifted to the right or at a minimum came with great uncertainty when the cycle started. An automated assembly line displaying the advanced packaging technology used by the company. While disclosing earnings for the third fiscal quarter, the firm provided guidance for the fourth fiscal quarter, with revenue expected between $860 million and $900 million and non-GAAP earnings per share of $2.55 to $2.70. CEO Grady expressed optimism about continued growth in Telecom and Automotive segments, while highlighting potential moderation in Automotive growth due to prior outsized performance. While we acknowledge the potential of FN, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than FN and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 33 Most Important AI Companies You Should Pay Attention To and 30 Best AI Stocks to Buy According to Billionaires Disclosure: None.
Yahoo
27-02-2025
- Business
- Yahoo
Super Micro Stock Crashes 9.7%: Is This the End or a Hidden Opportunity?
Super Micro Computer (NASDAQ:SMCI) is feeling the heat after a brief surge, with shares dropping 9.7% at 11.56am today. Despite a 12% rally the day before, driven by the company meeting its delayed filing deadline and sidestepping a Nasdaq delisting, the stock couldn't maintain its momentum. Investors are still processing Nvidia's earnings, which were expected to give a lift to AI-related stocks, but that boost wasn't enough to keep Super Micro's price on the uptrend. SMCI is now trading far off its high of $118.81 from March last year. Warning! GuruFocus has detected 4 Warning Signs with SMCI. Analysts are split on SMCI's outlook. Barclays analyst George Wang kept his Hold rating with a $59 price target, but he warned that Super Micro's competitive edge in the AI server space is narrowing. The company's ongoing accounting issues, including the resignation of Ernst & Young and accusations of financial mismanagement from short-seller Hindenburg Research, are still lingering concerns. However, with BDO now in place as its auditor and no fraud found in an independent investigation, Super Micro is back on track with its filings. Still, Wang noted that the company's past may continue to limit its valuation. On the flip side, Loop Capital raised its price target to $70, signaling some optimism. But with SMCI down 57% from its peak and a history of accounting drama, the stock's volatility is clear. While it's gained 180% from its low in November, the market's still cautious about its future, and Super Micro's rocky past might continue to hold it back from reclaiming those sky-high valuations. This article first appeared on GuruFocus. Sign in to access your portfolio
