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NASDAQ:CNXC

Concentrix (CNXC) Stock Price, News & Analysis

$62.62
-0.88 (-1.39%)
(As of 03:21 PM ET)
Today's Range
$62.09
$63.53
50-Day Range
$54.67
$66.22
52-Week Range
$53.89
$106.10
Volume
180,487 shs
Average Volume
521,029 shs
Market Capitalization
$4.13 billion
P/E Ratio
12.91
Dividend Yield
1.93%
Price Target
$74.75

Concentrix MarketRank™ Stock Analysis

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
19.4% Upside
$74.75 Price Target
Short Interest
Bearish
5.55% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
1.25mentions of Concentrix in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$98,546 Bought Last Quarter
Proj. Earnings Growth
11.60%
From $11.03 to $12.31 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.77 out of 5 stars

Business Services Sector

18th out of 302 stocks

Business Services, Not Elsewhere Classified Industry

10th out of 89 stocks

CNXC stock logo

About Concentrix Stock (NASDAQ:CNXC)

Concentrix Corporation engages in the provision of 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, across various channels of communication, such as voice, chat, email, social media, asynchronous messaging, and custom applications. It also offers customer lifecycle management; customer experience/user experience strategy and design; analytics and actionable insights; digital transformation services that design and engineer CX solutions to enable efficient customer self-service and build customer loyalty; customer engagement solutions and services that address the entirety of the customer lifecycle; AI technology that can intelligently act on customer intent to improve customer experience with non-human engagement; voice of the customer and analytics solutions to gather and analyze customer feedback to foster loyalty to, and growth with, clients; analytics and consulting solutions that synthesize data and provide professional insight to improve clients' customer experience strategies; vertical business process outsourcing (BPO) services; and back office BPO services that support clients in non-customer facing areas. 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 founded in 2004 and is based in Newark, California.

CNXC Stock Price History

CNXC Stock News Headlines

Concentrix to Present at Upcoming Investor Conferences
Concentrix unveils rebrand to bolster tech services
Concentrix + Webhelp Rebrands as Concentrix
10 Buy-Rated Stocks with Latest Insider Purchases
How Is The Market Feeling About Concentrix?
Concentrix Reports First Quarter 2024 Results
CNXC Apr 2024 50.000 call
CNXC Oct 2024 75.000 put
See More Headlines
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Company Calendar

Last Earnings
3/26/2024
Ex-Dividend for 5/7 Dividend
4/25/2024
Dividend Payable
5/07/2024
Today
5/23/2024
Next Earnings (Estimated)
6/26/2024
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
440,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$74.75
High Stock Price Target
$85.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+19.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$313.84 million
Pretax Margin
4.60%

Debt

Sales & Book Value

Annual Sales
$7.11 billion
Cash Flow
$14.43 per share
Book Value
$62.21 per share

Miscellaneous

Free Float
64,012,000
Market Cap
$4.13 billion
Optionable
Optionable
Beta
0.55
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CNXC Stock Analysis - Frequently Asked Questions

Should I buy or sell Concentrix stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Concentrix in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CNXC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CNXC, but not buy additional shares or sell existing shares.
View CNXC analyst ratings
or view top-rated stocks.

What is Concentrix's stock price target for 2024?

4 analysts have issued 12 month price targets for Concentrix's stock. Their CNXC share price targets range from $60.00 to $85.00. On average, they predict the company's stock price to reach $74.75 in the next year. This suggests a possible upside of 19.4% 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 2024?

Concentrix's stock was trading at $98.21 at the start of the year. Since then, CNXC shares have decreased by 36.2% and is now trading at $62.62.
View the best growth stocks for 2024 here
.

When is Concentrix's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 26th 2024.
View our CNXC earnings forecast
.

How were Concentrix's earnings last quarter?

Concentrix Co. (NASDAQ:CNXC) issued its quarterly earnings data on Tuesday, March, 26th. The company reported $2.33 EPS for the quarter, missing analysts' consensus estimates of $2.36 by $0.03. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.38 billion. Concentrix had a net margin of 3.53% and a trailing twelve-month return on equity of 17.70%.

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

Concentrix announced a quarterly dividend on Tuesday, March 26th. Investors of record on Friday, April 26th will be paid a dividend of $0.303 per share on Tuesday, May 7th. This represents a $1.21 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Thursday, April 25th. This is an increase from the stock's previous quarterly dividend of $0.30.
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 1.90%. 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 24.95%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CNXC will have a dividend payout ratio of 9.83% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CNXC.

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

Concentrix updated its FY 2024 earnings guidance on Tuesday, March, 26th. The company provided EPS guidance of 11.690-12.500 for the period, compared to the consensus estimate of 11.960. The company issued revenue guidance of $9.5 billion-$9.7 billion, compared to the consensus revenue estimate of $9.6 billion.

When did Concentrix IPO?

Concentrix (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 served 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 institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.06%), Impactive Capital LP (5.83%), Capital International Investors (3.83%), Pzena Investment Management LLC (1.54%), Principal Financial Group Inc. (0.52%) and Allspring Global Investments Holdings LLC (0.44%). Insiders that own company stock include Andre S Valentine, Ann F Vezina, Christopher A Caldwell, 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CNXC) was last updated on 5/23/2024 by MarketBeat.com Staff

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