AppFolio, Inc. (APPF) Reaches $66.40 After 7.00% Up Move; Fabrinet Ordinary Shares (FN) Shorts Decreased By 7.31%

June 14, 2018 - By Kurt Siggers

AppFolio, Inc. (NASDAQ:APPF) Logo

Fabrinet Ordinary Shares (NYSE:FN) had a decrease of 7.31% in short interest. FN’s SI was 3.68 million shares in June as released by FINRA. Its down 7.31% from 3.97M shares previously. With 552,400 avg volume, 7 days are for Fabrinet Ordinary Shares (NYSE:FN)’s short sellers to cover FN’s short positions. The SI to Fabrinet Ordinary Shares’s float is 10.1%. The stock increased 1.70% or $0.63 during the last trading session, reaching $37.44. About 89,881 shares traded. Fabrinet (NYSE:FN) has declined 0.57% since June 14, 2017 and is downtrending. It has underperformed by 13.14% the S&P500. Some Historical FN News: ; 07/05/2018 – Fabrinet 3Q EPS 55c; 02/05/2018 – Intrinsic Edge Capital Buys New 1.1% Position in Fabrinet; 07/05/2018 – Fabrinet 3Q Rev $332.2M; 16/04/2018 – Fabrinet Closes Below 50-Day Moving Average: Technicals; 07/05/2018 – FABRINET – QTRLY NON-GAAP NET INCOME PER DILUTED SHARE $0.71; 22/05/2018 – Fabrinet Presenting at Conference Tomorrow; 16/04/2018 – FABRINET SAYS “ZTE IS NOT A DIRECT FABRINET CUSTOMER”; 07/05/2018 – FABRINET 3Q ADJ EPS 71C, EST. 71C; 10/05/2018 – Fabrinet Presenting at JPMorgan Conference May 16; 15/05/2018 – Fabrinet Presenting at JPMorgan Conference Tomorrow

The stock of AppFolio, Inc. (NASDAQ:APPF) is a huge mover today! The stock increased 4.81% or $3.05 during the last trading session, reaching $66.4. About 82,900 shares traded. AppFolio, Inc. (NASDAQ:APPF) has risen 101.08% since June 14, 2017 and is uptrending. It has outperformed by 88.51% the S&P500. Some Historical APPF News: ; 30/04/2018 – AppFolio Sees FY Rev $179M-$182M; 19/03/2018 – Appfolio Closes Below 200-Day Moving Average: Technicals; 19/04/2018 – DJ AppFolio Inc Class A, Inst Holders, 1Q 2018 (APPF); 30/04/2018 – AppFolio 1Q Rev $42.3M; 09/04/2018 – Appfolio Closes Above 200-Day Moving Average: Technicals; 30/04/2018 – AppFolio 1Q EPS 12c; 09/03/2018 Appfolio Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – AppFolio Named One Of Highest-Rated Public Cloud Computing Companies To Work For; 26/04/2018 – Appfolio Forms Golden Cross: TechnicalsThe move comes after 5 months positive chart setup for the $2.27B company. It was reported on Jun, 14 by Barchart.com. We have $71.05 PT which if reached, will make NASDAQ:APPF worth $158.83 million more.

More recent AppFolio, Inc. (NASDAQ:APPF) news were published by: Fool.com which released: “10 Reasons Why I’m Selling All of My Apple Stock” on June 10, 2018. Also Globenewswire.com published the news titled: “Analysis: Positioning to Benefit within China Biologic Products, Merus NV, Adient, G1 Therapeutics, Westport Fuel, and …” on June 06, 2018. Streetinsider.com‘s news article titled: “Pre-Open Stock Movers 05/21: (MBFI) (NBRV) (SHLD) Higher; (PRTA) (QD) (APPF) Lower (more…)” with publication date: May 21, 2018 was also an interesting one.

AppFolio, Inc. provides industry-specific cloud software solutions for small and medium-sized businesses in property management and legal industries. The company has market cap of $2.27 billion. It offers AppFolio Property Manager, a solution for the operational requirements of small and medium-sized property managers, including posting and tracking tenant vacancies, handling the leasing process electronically, administering maintenance and repairs with their vendor networks, and managing accounting and reporting to property owners, as well as for communicating with tenants and owners. It has a 237.14 P/E ratio. The firm also provides MyCase, a practice and case management solution that provides time tracking, billing, calendaring, client communication, and coordination with other lawyers and support staff, and legal document management and assembly for practitioners and small law firms.

Among 5 analysts covering AppFolio Inc (NASDAQ:APPF), 1 have Buy rating, 1 Sell and 3 Hold. Therefore 20% are positive. AppFolio Inc has $52 highest and $13 lowest target. $43.50’s average target is -34.49% below currents $66.4 stock price. AppFolio Inc had 16 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Underweight” rating by Morgan Stanley on Monday, May 21. KeyBanc Capital Markets maintained AppFolio, Inc. (NASDAQ:APPF) on Friday, August 11 with “Buy” rating. The company was maintained on Tuesday, August 8 by Morgan Stanley. As per Tuesday, November 14, the company rating was maintained by Morgan Stanley. The rating was maintained by Morgan Stanley on Tuesday, January 30 with “Equal-Weight”. Credit Suisse maintained it with “Hold” rating and $3500 target in Tuesday, August 8 report. The rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, September 6. The firm earned “Hold” rating on Wednesday, October 11 by KeyBanc Capital Markets. The stock of AppFolio, Inc. (NASDAQ:APPF) has “Neutral” rating given on Tuesday, February 23 by Credit Suisse. William Blair initiated AppFolio, Inc. (NASDAQ:APPF) on Tuesday, July 21 with “Outperform” rating.

Analysts await AppFolio, Inc. (NASDAQ:APPF) to report earnings on August, 6. They expect $0.13 EPS, up 62.50% or $0.05 from last year’s $0.08 per share. APPF’s profit will be $4.44M for 127.69 P/E if the $0.13 EPS becomes a reality. After $0.12 actual EPS reported by AppFolio, Inc. for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Among 8 analysts covering Fabrinet (NYSE:FN), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Fabrinet had 43 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, November 3. Stifel Nicolaus maintained the shares of FN in report on Tuesday, November 8 with “Buy” rating. The stock of Fabrinet (NYSE:FN) earned “Buy” rating by Piper Jaffray on Monday, August 21. The firm earned “Buy” rating on Wednesday, January 24 by Stifel Nicolaus. The firm has “Hold” rating by Zacks given on Thursday, August 20. Needham maintained Fabrinet (NYSE:FN) on Tuesday, November 7 with “Buy” rating. JP Morgan maintained Fabrinet (NYSE:FN) rating on Tuesday, August 16. JP Morgan has “Overweight” rating and $48 target. Northland Capital maintained it with “Outperform” rating and $27.50 target in Tuesday, November 3 report. The rating was maintained by Stifel Nicolaus on Monday, September 25 with “Buy”. The stock of Fabrinet (NYSE:FN) earned “Buy” rating by Northland Capital on Tuesday, April 17.

Fabrinet provides optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of optical communication components, modules and sub-systems, industrial lasers, medical devices, and sensors. The company has market cap of $1.38 billion. It offers a range of optical and electro-mechanical capabilities across the manufacturing process, including process design and engineering, supply chain management, manufacturing, printed circuit board assembly, packaging, integration, final assembly, and test. It has a 15.93 P/E ratio. The companyÂ’s products comprise switching products, such as reconfigurable optical add-drop multiplexers, optical amplifiers, modulators, and other optical components and modules that enable network managers to route voice, video, and data communications traffic through fiber optic cables at various wavelengths and speeds, and over various distances; tunable lasers, transceivers, and transponders; and active optical cables, which provide high-speed interconnect capabilities for data centers and computing clusters, as well as for Infiniband, Ethernet, fiber channel, and optical backplane connectivity.

Investors sentiment increased to 0.96 in Q1 2018. Its up 0.06, from 0.9 in 2017Q4. It is positive, as 34 investors sold Fabrinet shares while 51 reduced holdings. 29 funds opened positions while 53 raised stakes. 36.25 million shares or 17.37% less from 43.87 million shares in 2017Q4 were reported. Massachusetts-based Frontier Cap Management Co Ltd Com has invested 0.06% in Fabrinet (NYSE:FN). Amer International Gru has invested 0% in Fabrinet (NYSE:FN). Alliancebernstein Lp stated it has 48,231 shares. Victory owns 40,734 shares or 0% of their US portfolio. Price T Rowe Associate Md stated it has 12,531 shares or 0% of all its holdings. Comerica National Bank holds 0.01% or 39,623 shares in its portfolio. Tci Wealth Advisors has invested 0.01% in Fabrinet (NYSE:FN). 29,477 are held by Us National Bank De. Schwab Charles Management holds 0.01% of its portfolio in Fabrinet (NYSE:FN) for 255,470 shares. Stifel Finance Corp holds 14,268 shares or 0% of its portfolio. State Street reported 940,957 shares or 0% of all its holdings. Thrivent Fincl For Lutherans has 24,261 shares. Howe & Rusling Incorporated has invested 0.01% in Fabrinet (NYSE:FN). Stoneridge Inv Prtnrs Ltd Liability reported 10,480 shares. Profund Advsr Llc stated it has 6,612 shares.

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