On August 4, Fabrinet rose 6.89% in pre-market trading, trading at $475.0/share, with turnover of $353,900.

On the news front, the company previously announced it will release fourth-quarter and full fiscal year results on August 17 after market close. The Street expects quarterly EPS of $3.69, representing sequential growth from the prior quarter's $3.48, with the approaching earnings window prompting funds to position ahead of the release.

Within the Electronic Manufacturing Services sector where Fabrinet belongs, individual stocks are broadly higher, with Celestica up 3.24%, TTM Technologies up 3.54%, Flex Ltd up 2.56%, and Jabil Circuit up 1.78%, providing additional tailwinds to sentiment.

Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services. Its products cover optical communication components, modules and sub-systems, industrial lasers, automotive components, medical devices, and sensors, serving original equipment manufacturers across multiple end markets.

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