• New active optical cable family ideally suited for disaggregated data center and cloud environments by boosting bandwidth with minimum latency and reduced power consumption

• VCSEL on PAM4 DSP technology optimizes performance while reducing costs and complexity

• Comprehensive solutions and enabling technologies, world-class manufacturing, and supply chain capabilities drive innovations in optical communications

Jabil’s new 800G Active Optical Cable product addresses rising demand for low-cost, high-performance, short-distance interconnects. (Photo: Business Wire)

SAN DIEGO - Jabil Inc. (NYSE: JBL) today announced that its photonics business unit is expanding its design, manufacturing, and testing capabilities, culminating in the launch of a new Active Optical Cable (AOC) family. As a result, Jabil is uniquely positioned to address the rapid pace of advancements in optics-enabled network and data center architectures while supporting the continuing surge of artificial intelligence (AI), cloud, high-performance computing (HPC), and machine learning (ML) applications. Jabil will be showcasing its advanced photonics solutions at OFC’23 in San Diego (Booth #3425).

“Jabil’s investments in key enabling technologies and world-class facilities are driving the availability of game-changing photonics solutions and capabilities,” said KW Hoo, vice president of the photonics business unit, Jabil. “With the introduction of our 800G AOC family, we meet immediate needs for low-cost, high-performance, short-distance interconnects. Jabil’s ability to push the boundaries of photonics technology is backed by strong product design, precision manufacturing, and packaging services that advance optical communications excellence on behalf of our global customers and valued partner ecosystem.”

Increased Bandwidth at Reduced Latency, Power, and Cost

The first product in Jabil’s new AOC family is available in two configurations to offer data center operators increased deployment flexibility. The first configuration supports point-to-point communications at speeds up to 800Gbps over distances of up to 100 meters. A breakout-cable configuration also is available, which connects a single 800Gbps interface with two 400G QSFP-DD modules. The breakout cable is ideally suited to connect next-gen switches operating at 800Gbps with existing ports operating at 400Gbps without requiring additional conversion or mapping. The new 800G AOC product will be available in both QSFP-DD and OSFP form factors.

In addition to decreasing deployment requirements and costs, Jabil’s AOC offering delivers significant performance and efficiency benefits using Vertical Cavity Surface Emitting Laser (VCSEL) technology operating at 100Gbps per fiber and 800G PAM4 Digital Signal Processing (DSP) technology. VCSEL is gaining traction rapidly for its ability to address the rigorous requirements of demanding applications, including short-reach, high-speed optical communications, 3D sensing, and facial recognition. In addition to elevated performance, Jabil’s AOC solution offers seamless compatibility with a vast range of Ethernet switch designs.

Jabil’s first 800G AOC product will be available during the second half of 2023. Development is underway on 400G AOC products to extend the AOC product line while accommodating a wide range of applications.

Comprehensive Capabilities Reduce Optical System Complexities

Through its photonics business unit, Jabil empowers organizations to reduce the complexities of developing and deploying enhanced optical networking solutions by offering complete photonics capabilities and competencies encompassing component design, system assembly, and streamlined supply chain management. To that end, Jabil is expanding its large-scale manufacturing and advanced photonics packaging capabilities, including die bonding, flip chip, ball attachment, and fiber alignment. These extended capabilities complement Jabil’s design and manufacturing of optical modules, subsystems, and photonics solutions.

ST. PETERSBURG - Jabil Inc. (NYSE: JBL), announced it will release its fourth quarter and fiscal year 2023 financials on Thursday, September 28, 2023, before the market opens.

The company is scheduled to host a conference call and webcast on Thursday, September 28, 2023, at 8:30 a.m. Eastern Time (ET) to conduct a review of the fiscal year's results. Furthermore, CEO Kenny Wilson and CFO Mike Dastoor will outline the strategic and financial priorities for the upcoming fiscal year.

Event: Jabil’s Fourth Quarter and Fiscal Year 2023 Earnings Conference Call and Investor Briefing Date: Thursday, September 28, 2023 – 8:30 a.m. ET Dial-in Numbers:

• U.S.: (877) 407-6184

• International: (201) 389-0877

To access the live audio webcast along with the accompanying slide presentation, please visit the Investor Relations section of Jabil’s official website at https://investors.jabil.com. An archived replay of the webcast will be made available upon the conclusion of the call.

Michael Dastoor, the Executive Vice President and Chief Financial Officer of Jabil Inc (NYSE:JBL), sold 2,167 shares of the company. This move is part of a series of transactions made by the insider over the past year, during which Dastoor has sold a total of 84,246 shares and made no purchases.

• Warning! GuruFocus has detected 5 Warning Sign with SWAV.

Jabil Inc is a leading provider of electronic manufacturing services. The company designs and manufactures electronic circuit board assemblies and systems for major original equipment manufacturers in the communications, computer peripherals, personal computer, automotive and consumer products industries. It operates in two segments: Electronics Manufacturing Services (EMS) and Diversified Manufacturing Services (DMS).

The insider's recent sell has raised questions about the company's current valuation and future prospects. To understand the implications of this move, it's essential to analyze the insider's trading history and the company's stock performance.

The insider transaction history for Jabil Inc shows a clear trend of more sells than buys. Over the past year, there have been 43 insider sells and no insider buys. This could indicate that insiders believe the company's stock is overvalued, prompting them to sell their shares.

On the day of the insider's recent sell, Jabil Inc's shares were trading at $124.99, giving the company a market cap of $15.89 billion. The price-earnings ratio stood at 20.71, higher than both the industry median of 20.34 and the company's historical median price-earnings ratio. This suggests that the stock may be overpriced compared to its earnings.

The GuruFocus Value, an intrinsic value estimate based on historical multiples, a GuruFocus adjustment factor, and future business performance estimates, stands at $77.89 for Jabil Inc. With a price-to-GF-Value ratio of 1.6, the stock appears to be significantly overvalued.

In conclusion, the insider's recent sell, coupled with the company's high valuation metrics, could be a signal for investors to exercise caution. While Jabil Inc has a strong position in the electronic manufacturing services industry, the current stock price may not reflect its intrinsic value. As always, investors should conduct their own research and consider their investment goals before making decisions.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Retronix services bolster Jabil’s efforts to recover, refurbish, and recycle product components and materials to reduce electronic waste

Retronix sets itself apart by offering the unique Laser Reballing service, an advanced process delivering multiple advantages for High Reliability applications. This technique eliminates the necessity for a reflow, thus mitigating potential harm to the Ball Grid Array (BGA) components and adjacent regions. By reducing thermal stress, it safeguards the component's integrity and aids in extending its lifespan. Retronix also caters to an array of component preparation services such as component retinning, component recovery, and authenticity verification. (Photo: Business Wire)

ST. PETERSBURG - Jabil Inc. (NYSE: JBL), a global leader in design, manufacturing, and supply chain solutions, today announced the successful acquisition of Retronix, an innovative provider in the reclamation and refurbishment of electronic components, completed earlier this year.

"We are thrilled to welcome Retronix to the Jabil family," said Frank McKay, chief procurement and supply chain officer at Jabil. "This acquisition demonstrates our commitment to our customers' and our own environmental initiatives. As a trusted partner to many global brands, Jabil feels a strong sense of responsibility to not just support sustainability for ourselves, but to shepherd our customers towards decarbonization solutions like this — the reuse and recycling of electronic components.”

For 30 years, Retronix has been a market leader in component recovery, reballing, retinning, and component authenticity testing services. The deal adds exclusive technologies to Jabil’s portfolio while maintaining security, quality, and certification standards. These services enable the safe extraction of embedded valuable components from printed circuit boards (PCBs) and other electronics to minimize waste, create new value channels, and mitigate future component obsolescence.

The deal adds to Jabil’s current circular economy services including reverse supply chain management, medical device reprocessing, recycled packaging, and emission reductions. It strengthens Jabil’s mission to offer sustainable options to its customers who are increasing the use of electronics in “smart” products like electronic vehicles, home appliances, medical devices, and even packaged goods.

“Like Jabil, Retronix works with leading brands across industries such as telecommunications, defense, automotive, and healthcare. Now, these services will be available to Jabil customers, and together, we will strengthen the circular economy,” said Jed Pecchioli, vice president of supply chain at Jabil. “Being a part of Jabil will make an impact on sustainable manufacturing. From product design to end-of-life, our common goal is to squeeze every bit of life out of every material and reduce electronic waste.”

Thomas A. Sansone to Retire, New Directors to Stand for Election to the Board

ST. PETERSBURG - Jabil Inc. (NYSE: JBL),

announced forthcoming changes to its Board of Directors. Thomas A. Sansone, who currently serves as the vice chair of the Board and held the position of President of Jabil from 1988 to 1999, has decided not to seek re-election at Jabil’s annual shareholders’ meeting in January 2024.

"Tom joined Jabil forty years ago in 1983 and has been an integral part of Jabil’s success. He was instrumental in taking our company public in 1993, while stewarding the early days of our growth and globalization efforts. Tom’s care, vision, leadership and commitment played a pivotal role in setting a deep and solid foundation, from which Jabil operates today,” said Mark Mondello, Jabil’s Executive Chairman.

“On behalf of our Board, I extend a heartfelt thank you to Tom for his service, which spans five decades. His retirement signifies the end of an era — an era filled with his personality, guidance, and counsel.”

In addition, Jabil is pleased to announce that Jamie Siminoff and Tiger Tyagarajan have been nominated to stand for election to the Board of Directors. This will take place during Jabil’s annual shareholders’ meeting in January 2024.

“We’re pleased and excited to announce the nomination of Jamie and Tiger to our Board,” said Mondello. “When I think about Jamie's entrepreneurial spirit and successful track record, coupled with Tiger's significant experience in leading a highly prosperous global corporation, I see tremendous benefit to Jabil."

Mr. Siminoff is the founder and chief inventor at Ring, a security giant committed to reducing neighborhood crime through its range of products. Since its inception, Ring has demonstrated remarkable growth and was acquired by Amazon in 2018. Prior to Ring, Siminoff established several successful enterprises, including the first voicemail-to-text company and a service that assisted email users in removing commercial emails from their inboxes.

Mr. Tyagarajan is the President and CEO of Genpact, a renowned global professional services firm recognized for its digital transformation solutions. Under Tyagarajan's pioneering leadership, a General Electric division was transformed into Genpact. Known for his strategic thinking and deep understanding of global business trends, Tyagarajan has fostered a culture of diversity and inclusion, enabling teams to devise innovative solutions and enhance business performance for a whole range of global enterprises. His profound knowledge of conducting business across the globe, including in India and Southeast Asia, will provide valuable insights to Jabil.

"I look forward to the unique perspectives and practical wisdom that Jamie and Tiger will bring to our Board. Their insights will be invaluable to our leadership team as we continue to advance our strategic path forward," said Jabil CEO Kenny Wilson.