🔴 Fabrinet is trading 10.29% down in pre-market amid broad technology weakness and rising Treasury yields

Fabrinet is trading 10.29% down at $537 now because broad technology weakness, rising Treasury yields, and heightened U.S.-Iran tensions pressured risk assets.

• Just reported record fourth-quarter revenue of $1.316 billion.
• Provided bullish first-quarter fiscal 2027 revenue guidance of $1.375 billion–$1.425 billion.
• The decline appears more consistent with sector-wide risk aversion than disappointing fundamentals.