Fabrinet (FN +21%) is now soaring after easily beating FQ4 estimates. JPMorgan upgrades the...

|About: Fabrinet (FN)|By:, SA News Editor

Fabrinet (FN +21%) is now soaring after easily beating FQ4 estimates. JPMorgan upgrades the stock to overweight on the report, saying it sees "signs of stabilizing optical component demand," and the company "may not be getting adequate consideration for potential secular strength that is not tied to the macro climate."