Jabil (JBL), a leading electronics contract manufacturer, has been the focal point of various market stories lately. The stock recently set a new 52-week low at $99.46 as concerns over Q2 revenue miss and a weak forecast triggered a stock sell-off. Q3 earnings beat estimates but the top line fell, year-over-year, which led to additional market scrutiny. Notably,
numerous insiders, including CEO Kenneth Wilson and SVP, Chief Information Officer May Yap, have recently sold notable amounts of Jabil's stock. Amid these discomforting indicators, Jabil withdraws 2025 guidance as the CEO, Kenneth Wilson, undergoes an investigation and gets removed from his position. On a positive note, Jabil has reiterated FY24 guidance, which could mean a clearer path to capture the data center. Despite the challenges, Jabil also managed to tap strategic growth in AI Datacenters and EV markets while enhancing its server portfolio for financial services. In biotech sector, insiders' selling spree and the moderate buy rating from analysts signify alertness in the investing world. The stock's performance over the past five years, a 342% gain, remains a bright spot.
Jabil Stocks JBL News Analytics from Thu, 28 Sep 2023 07:00:00 GMT to Sun, 04 Aug 2024 15:26:38 GMT -
Rating -2
- Innovation -5
- Information 5
- Rumor -3
