This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Top-Performing New Tech Stocks

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

Fabrinet

What it Does: Makes optical telecommunications equipment

Fabrinet (FN - Get Report) priced shares in its June IPO below its expected range and was forced to cut its offering by as much as 29%. The company, which provides manufacturing services for optical networking equipment, offered its shares for $12 to $14, but sold the stock for $10 a piece.

Fabrinet's luck has turned since then, as shares have risen more than 210% since initial pricing.

The Bangkok-based company reported second quarter revenue of $184.6 million, up from 61% in the same period last year, and GAAP EPS of 46 cents, which beat estimates by two cents.

Earlier this month, Zacks Investment Research upgraded shares of Fabrinet from neutral to outperform, and Stifel Nicolaus upped its price target to $24 from $20.

"Fabrinet remains one of our favorite stocks in 2011 based on its industry-leading margins and growth," said Deustche Bank analyst Sherri Scribner, who also raised her price target on the company.

4 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
BSFT $32.83 0.00%
FN $19.18 0.00%
QLIK $31.22 0.00%
RP $19.91 0.00%
AAPL $124.25 0.00%

Markets

DOW 17,698.18 -77.94 -0.44%
S&P 500 2,059.69 -8.20 -0.40%
NASDAQ 4,880.2280 -20.6570 -0.42%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs