ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its fourth quarter and fiscal year ended August 31, 2024. “It's evident that Jabil has undergone a substantial transformation this fiscal year: a year during which we sold our Mobility business, saw growth in the AI datacenter sector, and faced challenges in multiple end-m...
ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced its continued investment in silicon photonics-based products and capabilities to support the increasing demands of hyperscalers and next-wave cloud and AI data center growth. The company is set to roll out additional capabilities at its Ottawa, Can...
Jabil Inc (NYSE:JBL), an American electronics manufacturer and supplier to Apple, is investing around $240 million to establish a new plant in Tamil Nadu, India, according to a report by the Reuters newswire. The facility, near Trichy, will create approximately 5,000 jobs, the article said citing Tamil Nadu's Industries Minister T R B Rajaa.
Electronic components maker Jabil will set up a manufacturing plant in India's southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state's industries minister said on Tuesday.
Jabil Inc. experienced significant stock volatility post-earnings, plunging 11.4% after its Q3 update, despite topping EPS and revenue estimates. Jabil's valuation is attractive, trading at a 9.3 forward operating earnings multiple, nearly 50% below its long-term average, with the bullish sell-side sentiment. Key risks include EV market softness, global macro slowdown, and US-China tensions, bu...
The explosion of artificial intelligence has made it quite difficult to find high-growth stocks trading at fair value. Chip stocks provide an excellent example of this truth, but it's widely applicable to all things tech and high growth currently.
Weakness in some of Jabil's end markets such as automotive and medical has weighed on the stock this year. The company could get a boost thanks to the growing adoption of AI in data centers and smartphones.
Jabil Inc. beat Q3 earnings estimates on the top and bottom lines, showing resilience despite recent challenges. Company repositioning towards data center business, aiming to improve margins and revenue growth. Valuation still indicates caution, with uncertainties in end markets and slow growth projections for FY25.
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