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S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
All the trading advice you’ve ever received boils down to this (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
All the trading advice you’ve ever received boils down to this (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
All the trading advice you’ve ever received boils down to this (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
All the trading advice you’ve ever received boils down to this (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
10 e-commerce stocks to consider for long-term buys
All the trading advice you’ve ever received boils down to this (Ad)
3 reasons to buy AMD before 2024
How does the Consumer Price Index affect the stock market?
All the trading advice you’ve ever received boils down to this (Ad)
3 biotech powerhouses poised to thrive amid sector rebound
Generative AI boosts UiPath; analysts see triple-digit EPS growth
All the trading advice you’ve ever received boils down to this (Ad)
3 must-own China stocks for the Year of the Dragon
Broadcom falls into a buy-the-dip opportunity 

Concentrix Stock Price, News & Analysis (NASDAQ:CNXC)

$94.58
-0.82 (-0.86%)
(As of 12/8/2023 ET)
Compare
Today's Range
$93.72
$97.02
50-Day Range
$72.59
$98.01
52-Week Range
$70.58
$151.82
Volume
300,369 shs
Average Volume
339,814 shs
Market Capitalization
$6.30 billion
P/E Ratio
14.14
Dividend Yield
1.28%
Price Target
$119.60

Concentrix MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
26.5% Upside
$119.60 Price Target
Short Interest
Bearish
6.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.14
Upright™ Environmental Score
News Sentiment
0.23mentions of Concentrix in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$1.67 M Sold Last Quarter
Proj. Earnings Growth
19.06%
From $10.39 to $12.37 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Business Services Sector

10th out of 280 stocks

Business Services, Not Elsewhere Classified Industry

4th out of 79 stocks


CNXC stock logo

About Concentrix Stock (NASDAQ:CNXC)

Concentrix Corporation provides technology-infused customer experience (CX) solutions worldwide. The company provides CX process optimization, technology innovation, front- and back-office automation, analytics, and business transformation services. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation; and voice of the customer and analytics solutions. The company's clients include technology and consumer electronics, retail, travel and e-commerce, communications and media, banking, financial services and insurance, healthcare, and others, as well as global IPOs, social brands, and banks. Concentrix Corporation was incorporated in 2009 and is based in Newark, California.

CNXC Stock Price History

CNXC Stock News Headlines

Concentrix: M&A Provides Upside To Valuation
Best Value Stocks to Buy for December 4th
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Best Income Stocks to Buy for December 4th
Concentrix Corporation (CNXC) Declined on Market Worries
Concentrix Corp Ordinary Shares CNXC
Concentrix Corp's Dividend Analysis
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Concentrix Q3: Ticking The Right Boxes
Concentrix (CNXC) Receives a Buy from Scotiabank
Concentrix Concludes Merger With Webhelp
5 Best Affordable Tech Stocks To Buy Now
Concentrix Corporation: Is The Knife Still Falling
CNXC - Concentrix Corporation
See More Headlines
Receive CNXC Stock News and Ratings via Email

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Company Calendar

Last Earnings
9/27/2023
Ex-Dividend for 11/7 Dividend
10/26/2023
Dividend Payable
11/07/2023
Today
12/08/2023
Next Earnings (Estimated)
1/18/2024
Fiscal Year End
11/30/2024

Industry, Sector and Symbol

Industry
Business services, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:CNXC
Fax
N/A
Employees
315,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$119.60
High Stock Price Target
$165.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+26.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Net Income
$435.05 million
Pretax Margin
7.57%

Debt

Sales & Book Value

Annual Sales
$6.52 billion
Cash Flow
$17.26 per share
Book Value
$52.18 per share

Miscellaneous

Free Float
66,015,000
Market Cap
$6.30 billion
Optionable
Not Optionable
Beta
0.60
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CNXC Stock Analysis - Frequently Asked Questions

Should I buy or sell Concentrix stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CNXC shares.
View CNXC analyst ratings
or view top-rated stocks.

What is Concentrix's stock price target for 2024?

5 Wall Street research analysts have issued 1-year price objectives for Concentrix's stock. Their CNXC share price targets range from $70.00 to $165.00. On average, they anticipate the company's share price to reach $119.60 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for CNXC
or view top-rated stocks among Wall Street analysts.

How have CNXC shares performed in 2023?

Concentrix's stock was trading at $133.16 at the beginning of 2023. Since then, CNXC stock has decreased by 29.0% and is now trading at $94.58.
View the best growth stocks for 2023 here
.

When is Concentrix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 18th 2024.
View our CNXC earnings forecast
.

How were Concentrix's earnings last quarter?

Concentrix Co. (NASDAQ:CNXC) issued its quarterly earnings results on Wednesday, September, 27th. The company reported $2.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.62 by $0.08. The company earned $1.63 billion during the quarter, compared to analyst estimates of $1.64 billion. Concentrix had a trailing twelve-month return on equity of 19.04% and a net margin of 5.35%.

How often does Concentrix pay dividends? What is the dividend yield for Concentrix?

Concentrix declared a quarterly dividend on Wednesday, September 27th. Stockholders of record on Friday, October 27th will be given a dividend of $0.303 per share on Tuesday, November 7th. This represents a $1.21 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Thursday, October 26th. This is a positive change from the stock's previous quarterly dividend of $0.28.
Read our dividend analysis for CNXC
.

Is Concentrix a good dividend stock?

Concentrix (NASDAQ:CNXC) pays an annual dividend of $1.21 per share and currently has a dividend yield of 1.27%. The company has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 18.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.

What guidance has Concentrix issued on next quarter's earnings?

Concentrix issued an update on its fourth quarter 2023 earnings guidance on Wednesday, September, 27th. The company provided earnings per share (EPS) guidance of $3.03-$3.15 for the period, compared to the consensus earnings per share estimate of $3.32. The company issued revenue guidance of $2.19 billion-$2.21 billion, compared to the consensus revenue estimate of $1.70 billion.

When did Concentrix IPO?

(CNXC) raised $75 million in an initial public offering (IPO) on Wednesday, July 1st 2015. The company issued 5,000,000 shares at $15.00 per share. BofA Merrill Lynch, Wells Fargo Securities, Citigroup, Jefferies, Scotia Howard Weil, Credit Suisse, J.P. Morgan, Evercore ISI, BB&T Capital Markets, Goldman, Sachs, The Huntington Investment Company, Stifel and Nomura acted as the underwriters for the IPO and Clarksons Platou Securities, Cowen and Company and Tuohy Brothers were co-managers.

Who are Concentrix's major shareholders?

Concentrix's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include FMR LLC (11.06%), Impactive Capital LP (4.89%), Fuller & Thaler Asset Management Inc. (1.46%), AQR Capital Management LLC (1.19%), Causeway Capital Management LLC (0.99%) and Principal Financial Group Inc. (0.98%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Cormac J Twomey, Dennis Polk, Jane Fogarty, Kathryn Hayley, Matthew J Cox, Matthew Miau, Richard Rosso and Star Developments Ltd Silver.
View institutional ownership trends
.

How do I buy shares of Concentrix?

Shares of CNXC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:CNXC) was last updated on 12/9/2023 by MarketBeat.com Staff

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