Is This Apple Supplier About to Break Higher?
Jabil (NYSE: JBL) has shifted into a higher gear over the past six months, thanks to a turnaround in the company's financial fortunes despite the uncertainty posed by the novel coronavirus pandemic.
The manufacturing services company had pulled its full-year guidance earlier this year in the wake of the COVID-19 crisis. But it has been showing signs of a turnaround over the last couple of quarters. Jabil's latest fiscal fourth-quarter results, reported last week, were solid as the company recorded double-digit growth thanks to its largest customer -- Apple (NASDAQ: AAPL).
But should investors buy Jabil stock in the hope of more upside after the company's latest quarterly performance? Let's find out.
Source Fool.com
